Wigton Windfarm Limited has advised that the COVID-19 pandemic will not significantly impact its operations. However, there has been some delay in the arrival of parts needed for maintenance.
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 Company.
The company said in an advisory issued this week that due to the impact of the pandemic on movement across borders, it anticipates there will be delays in the arrival of its spare parts as a result of the closure of suppliers’ facilities and ports in some regions of the world.
Directors stated, “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.”
The company also advised that due to the negative impact of the COVID-19 pandemic, there will be a delay in the submission of its audited financial statements for the year ended March 31, 2020.
It anticipates that its audited financials will be submitted on or before July 15, 2020.
Wigton’s revenues by J$277 million in the December quarter of 2019. Profit for the nine-month period totalled J$525 million, compared to J$576 million earned in the similar period for 2018.
The company made a loss of J$15.8 million during the third quarter, this compared to profit of J$270 million in the similar quarter in 2018.