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prima:Genera PR parent company provides details of its financial situation

New Fortress Energy reported that it expects to materialize a series of debt transactions to avoid an event of default, which could trigger the cancellation clauses in its subsidiary’s contract

November 19, 2024 - 4:35 PM

New Fortress Energy has been supplying natural gas to the San Juan plant since 2020 and its subsidiary Genera PR has been managing the generation fleet since last year. (neidy.rosado@gfrmedia.com)

Genera PR’s parent company, New Fortress Energy (NFE), reported in its most recent financial report that its management maintains a level of “substantial doubt” that it will be able to continue operating as a “going concern,” based on the capital it currently has to fund operations in “future years.”

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