| Wind Watch is a registered educational charity, founded in 2005. |
Allco says wind farm will go ahead despite market woes
Translate: FROM English | TO English
Translate: FROM English | TO English
The company behind plans for a wind farm at Ben Lomond says the proposal will not be impacted by its current share market woes.
Allco’s share price is tumbling after it was revealed it has been exposed to a $900 million debt.
A technical director with the company, Bernard Voll, says the situation might lead to a change in owners, but will not affect the project.
“The project is a project on its own, it is not dependent on its owner, therefore we consider the project still as going ahead with business as usual,” he said.
“There is 100 per cent guarantee that we will lodge the development application in the next couple of days.
“It is up to the Department of Planning and Minister of Planning to decide whether there is a project or not.”
27 February 2008
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Contributions |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=55486 ]
