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BRIEF-Transeastern Power Trust provides production of its renewable energy projects for Q1 of 2017 was 19,570 MWH

Published 2017-05-12, 08:43 a/m
© Reuters.  BRIEF-Transeastern Power Trust provides production of its renewable energy projects for Q1 of 2017 was 19,570 MWH
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May 12 (Reuters) - Transeastern Power Trust TEP_u.V :

* Transeastern Power Trust provides operational update on renewable energy portfolio

* Transeastern Power Trust - production of its renewable energy projects for Q1 of 2017 was 19,570 MWH compared to 5,187 MWH in Q1 of 2016

* Transeastern Power Trust - Q1 production for 2017 was up 14pct on a like-for-like basis, compared to production of 17,132 MWH for q1 of 2016

* Transeastern Power Trust - addition of BAIA Wind Project has acted as a hedge against expected Q1 seasonal lows in production by solar and hydro projects

* Transeastern Power Trust sees offtake contracts,cost cutting measures to have positive impact on cash flows from hydro projects over remainder of year Source text for Eikon: ID:nCCN28GQMV Further company coverage: TEP_u.V

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