COVID-19 – Project financing key considerations

Hogan Lovells
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The impact of the coronavirus disease (COVID-19) cannot be underestimated. It is now time critical and project participants must be alive to the rapidly evolving COVID-19 outbreak and the consequential impact on their projects. Reports on slow production and supply of key equipment for power projects have begun to surface with major manufacturers and suppliers in China announcing delays in production and delivery. This will inevitably result in a chain reaction affecting project developers and contractors. Indeed, Bangladesh's infrastructure projects and Indonesia's power projects have been suspended, and Manila Electric Co. has also announced that its twin solar projects in the Philippines may be delayed.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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