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Allco says wind farm will go ahead despite market woes
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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
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