No completion date given for Philipines power plant, other than after draw-down of DBP loan. On this basis I assume the start-up of the power station is imminent and is likely to come on-line sometime between now and June 2016.
Can't believe how much money is being spent on its projects. Stewart Elliot must have very deep pockets and is pouring a lot of money in to these projects via Slipform Engineering.
Sengkang LNG - spending up from $439m to $468m = $29m
Phillipines LNG - $140m to $149m = $9m
Phillipines Power - $309m to $372m = $63m
Total spent in 6 months = $101m. EWC only has about $40m per annum spare cash, so lots coming from elsewhere.
Sooner or later these projects are going to come on stream, with a major boost to EWC's revenues and finally major rewards to shareholders.
Ann: Half Yearly Report and Accounts, page-5
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