Asian Energy Impact Trust Plc

Equities

AEIP

GB00BLBJFZ25

Investment Management & Fund Operators

Delayed London S.E. Other stock markets 02:30:00 2024-05-01 am EDT			5-day change	1st Jan Change
17 ^GBX	0.00%		0.00%	-79.76%

Apr. 22	Asian Energy Impact Trust plc Announces Directorate Change	CI
Apr. 11	Asian Energy Impact proposes realisation of assets following review	AN

ThomasLloyd Energy Impact to proceed with construction of Rums project

October 11, 2023 at 08:24 am EDT

(Alliance News) - ThomasLloyd Energy Impact Trust PLC on Wednesday said it has decided to proceed with the construction of the Rums project in India.

The investment company focused on sustainable energy infrastructure projects said that failing to construct the project, to be built via SolarArise India Projects Private Ltd, would incur immediate write off costs of USD8.9 million, encashment of USD1.2 million of performance bank guarantees and could expose SolarArise to abandonment penalties of up to USD32.3 million.

ThomasLloyd said it received agreements from shareholders representing about 69% who indicated their support for proposed changes to the investment policy. Changes would permit the company to exclude the amount of any funds invested in the Rums project up to completion of commissioning from the assessment of the single country limit.

"The revised investment policy will also contain a commitment that no further sustainable energy infrastructure assets shall be acquired, or projects committed to, with exposure to India until the company is in compliance with the single county limit. The company is also proposing clarificatory changes to its gearing policy," it added.

ThomasLloyd said: "Due to the extremely tight timeline for completing the RUMS project on time, the board believes that there is a reasonable likelihood of construction not being fully completed on time. It should also be noted that the RUMS project finance is subject to a guarantee from SolarArise."

ThomasLloyd shares were flat at 84.00 pence each on Wednesday afternoon in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Asian Energy Impact Trust Plc

Asian Energy Impact Trust plc Announces Directorate Change	Apr. 22	CI
Asian Energy Impact proposes realisation of assets following review	Apr. 11	AN
Asian Energy Impact relisted by FCA after results published	Mar. 06	AN
Avacta plans fundraise to fund clinical development	Feb. 28	AN
Asian Energy Impact Trust NAV hit by portfolio write-down	Jan. 22	AN
Asian Energy Impact Trust plc Not Declares Dividend for the Quarter Ended 31 December 2023	Jan. 22	CI
CORRECT (Dec 19): Asian Energy Impact votes against winding up	Dec. 20	AN
Asian Energy Impact shareholders vote against winding up, as intended	Dec. 19	AN
EARNINGS AND TRADING: NWF trading inline; Tandem's markets challenging	Dec. 13	AN
Asian Energy Impact Trust plc Announces Dividend Quarter Ended 30 September 2023, Payable on 11 December 2023	Nov. 08	CI
Premier Miton sizes up Tellworth Investments	Nov. 01	AN
Digital 9 dismisses call for strategic review	23-10-30	AN
ThomasLloyd Energy Impact Trust PLC has Changed its Name to Asian Energy Impact Trust plc	23-10-27	CI
ThomasLloyd Energy Impact to proceed with construction of Rums project	23-10-11	AN
EARNINGS AND TRADING: Henderson Eurotrust net asset value per share up	23-10-02	AN
ThomasLloyd Energy Impact updates on investment manager	23-09-15	AN
ThomasLloyd Energy Impact Trust begins proposals for future of company	23-08-24	AN
ThomasLloyd Energy Impact Trust plc Declares Second Quarter Interim Dividend in Respect of the Year Ending December 31, 2023, Payable on September 11, 2023	23-08-10	CI
Spectral does not expect delay to Rosecliff deal	23-08-01	AN
CORRECT (Jul 12): ThomasLloyd "disappointed" as investors call meeting	23-07-17	AN
ThomasLloyd Energy "disappointed" as investors call general meeting	23-07-12	AN
ThomasLloyd says portfolio facing downward valuation	23-07-12	AN
Jadestone Energy holds production and capex targets	23-06-30	AN
ThomasLloyd Energy Impact Declares Maintained First Interim Dividend Payable on 19 July 2023	23-06-06	CI
ThomasLloyd Energy Suspends London Trading Over Inability to Meet FY22 Annual Report Deadline	23-04-24	MT

Chart Asian Energy Impact Trust Plc

Duration

Period

More charts

Company Profile

Asian Energy Impact Trust plc is a closed-ended investment company. It has a triple return investment objective which consists of providing shareholders with attractive dividend growth and prospects for long-term capital appreciation; protecting natural resources and the environment, and delivering economic and social progress, helping build resilient communities and supporting purposeful activity. It seeks to achieve its investment objective by investing in a diversified portfolio of unlisted sustainable energy infrastructure assets in the areas of renewable energy power generation, transmission infrastructure, energy storage and sustainable fuel production with a geographic focus on fast-growing and emerging economies in Asia. It is present in over three countries in Asia (India, Philippines, Vietnam) and owns 12 solar assets with a total generating capacity of 520 megawatt (MW), of which 200MW are under construction. Its transitional investment manager is Octopus Renewables Limited.

Sector

Investment Management & Fund Operators

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

0.17

Average target price

Consensus

Sector Other Investment Management & Fund Operators

	1st Jan change	Capi.
ASIAN ENERGY IMPACT TRUST PLC	-79.76%	37.37M
UBS GROUP AG	+2.45%	93.1B
BROOKFIELD CORPORATION	+13.81%	68.97B
APOLLO GLOBAL MANAGEMENT, INC.	+17.46%	63.84B
BANK OF NEW YORK MELLON CORPORATION (THE)	+12.10%	43.64B
AMERIPRISE FINANCIAL, INC.	+13.22%	42.71B
3I GROUP PLC	+17.23%	34.03B
T. ROWE PRICE GROUP INC.	+3.35%	24.85B
STATE STREET CORPORATION	-1.55%	22.97B
PRINCIPAL FINANCIAL GROUP, INC.	+6.13%	19.57B

Other Investment Management & Fund Operators