Completion Delays and Plan Changes at Power Plants Planned for Construction
First written in FY2016. 1 of 7 entries say "Reframed", first in FY2017. Latest entry: FY2023.
1 other company's latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The first project in Dubai was also completed and commenced operations in April 2023.」
The first Dubai project, whose completion had been delayed in the previous fiscal year, was completed and commenced operations. - FY2023-Q3WorsenedAnnual report
「The first project under development in Dubai was scheduled for completion in January 2023, but the completion date has been changed to March 2023.」
For the first Dubai project, the previously indicated completion date was changed more specifically to March 2023, indicating a further delay in completion. - FY2023-Q1MaterialisedAnnual report
「The first project under development in Dubai, which was scheduled for completion in November 2022 and is now expected to be delayed by approximately 1–2 months, has experienced a slight delay but is progressing broadly as planned.」
The solar power generation project under development in Dubai has in fact been delayed by approximately 1–2 months from its scheduled completion date. - FY2019-Q3DroppedAnnual report
「In the renewable energy business, the Group has determined that the risk described in the annual securities report for the previous fiscal year as “(3) Other Risks ⑩ Power Plants Under Construction” has ceased to exist because construction of the solar power generation facility being built in Hakui District, Ishikawa Prefecture, was completed during the third quarter of the current fiscal year.」
Because construction of the solar power generation facility in Hakui District, Ishikawa Prefecture, was completed, it was determined that the risk of completion delays and plan changes for power plants under construction had ceased to exist. - FY2019-Q2RestatedAnnual report
「The solar power plant under construction in Hakui District, Ishikawa Prefecture, with total generation capacity of 13,893kW, is scheduled for completion and commencement of operations during the fiscal year ending March 2019.」
The scheduled completion and commencement of operations for the solar power plant in Hakui District, Ishikawa Prefecture, and the previously identified risks related to plan changes and delays continue to be disclosed. - FY2017ReframedAnnual report
「The Company plans to construct a solar power generation facility in Hakui District, Ishikawa Prefecture. The construction plan is progressing in stages, with a land lease agreement already executed and certification obtained under the feed-in tariff scheme. However, if the construction plan is significantly changed or completion of the power generation facility is delayed due to unforeseen events or other factors, the performance and financial condition of the Group may be affected.」
The project covered by the construction plan has shifted from the previous Hokkaido project to the project in Hakui District, Ishikawa Prefecture, and the same risks of completion delays and plan changes are being applied to the new project. - FY2016First statedAnnual report
「The Company plans to construct a solar power generation facility in Tokachi District, Hokkaido. The construction plan is progressing in stages, with a land lease agreement already executed and certification obtained under the feed-in tariff scheme. However, if the construction plan is significantly changed or completion of the power generation facility is delayed due to unforeseen events or other factors, the performance and financial condition of the Group may be affected.」
The possibility of changes to the plans and delays in completion has been identified as a risk for projects with equipment certification obtained and land contracts executed.