New Fortress Energy to Develop New 350 MW Power Plant in Sri Lanka
“This partnership builds on our efforts to accelerate Sri Lanka’s transition to cleaner, cheaper energy,” said
LTL was previously awarded a 20-year power purchase agreement (PPA) with the Government of
The MOU is non-binding on the parties, and actual terms of any future definitive agreements may differ from the terms of the MOU.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intends,” “expects,” “subject to,” “plans” or “anticipates” or the negative of these terms or other comparable terminology. Forward looking statements include: the joint development of a 350 MW power plant in the
Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: risks related to the approval and execution of a definitive development agreements, the ability and willingness of NFE and LDL to enter into a binding agreement on favorable terms or at all, the development, construction or commissioning schedule for the terminal and power plant may be longer than we expect, the funding of the project may not be possible on the terms we expect, we will be unable to operationalize our plans for the rights and key permits to develop the power plant and LNG terminal, and that we will not be able to provide electricity and natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
We undertake no duty to update these forward-looking statements, even though our situation may change in the future. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.’s annual and quarterly reports filed with the