The board of ThomasLloyd Energy Impact Trust plc (the “Company”), a renewable energy investment trust providing direct access to sustainable energy infrastructure in fast growing and emerging economies in Asia, notes the recent media coverage on Super Typhoon Rai’s impact on the Philippines, including the island of Negros, where the Company has interests, via its holding in Negros Island Solar Power Inc. (“NISPI”), in three solar energy facilities.
The NISPI facilities are undamaged and their staff members and families are safe. There were some temporary power transmission outages but normal operations have since resumed. The Philippines experiences many similar weather events annually and the Company’s energy projects are built to withstand all reasonably foreseeable local weather conditions. Accordingly, in future, it will be the Board’s policy not to provide updates on the impact of weather and natural disaster events unless there is a material effect on the Company’s operations as a whole.
Tony Coveney, Managing Director and Head of Infrastructure Asset Management, ThomasLloydEnergy Impact Trust, said,
“We have been investing and operating assets in the Philippines since 2011 and, as a result, we have seen a number of extreme weather events over the years. First and foremost, the safety of our people is of paramount importance and we are in regular contact with our teams in the Philippines and monitor any situation closely. The resiliency of our assets and our people has been demonstrated yet again, as all assets continue to be fully operational. The NISPI assets continue to provide cleanelectricity to 127,000 people and avoid the production of 81,330 tonnes of CO2 annually.”