July 03, 2020
Wigton Windfarm Limited (WIGTON) – Impact of COVID-19 on Business Operations
Wigton Windfarm Limited (WIGTON) has advised the Jamaica Stock Exchange that the COVID-19 pandemic will not significantly impact its operation.
“Wigton operates fixed price contracts for all three Power Purchase Agreements; all the energy generated from the wind farm is sold to Jamaica Public Service. Due to the impact of the pandemic on movement across borders, Wigton anticipates there will be delays in the arrival of its spare parts as a result of the closure of supplies’ facilities and ports in certain regions of the world. At this time Wigton is unable to quantify the cost that could arise from any delays of maintenance spares. The Company anticipates that the normal maintenance schedules will begin once countries commence opening up for business,” stated WIGTON.
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
