The fast changing situation and high uncertainty due to external factors, especially the Covid-19 pandemic and digital disruption, affect several sectors, which in turn influences developmental

) Environmental uncertainty (Cormier al, et, 2013) Personal aims of the managers, i.e. conservative or aggressive (Rodrigues & Esteban, 2012) Economic/Financial crisis (Latridis & Dimitras, 2013; Trombetta

insensitive of interest rate fluctuations. Additionally, inflation uncertainty during a few weeks or months is negligible.* *Bodie, Kane and Marcus (2005) Data & Methodology MM exceeds Equity Balance (18,200

progressed 91.58% (The construction plan was 91.70%). The commercial operation date is scheduled in the fourth quarter of 2019. - SBPL Project, a project of San Buenaventura Power Ltd., Co., (EGCO holds a 49

Electricite Du Laos (EDL) with the contracted capacity of 60 MW for 29 years. The construction of the project has progressed 98.78% (The construction plan was 98.30%). The commercial operation date is scheduled

with EGAT with the contracted capacity of 1,220 MW and Electricite De Laos (EDL) with the contracted capacity of 60 MW for 29 years. The construction of the project has progressed 94.37% (The

with EGAT with the contracted capacity of 1,220 MW and Electricite De Laos (EDL) with the contracted capacity of 60 MW for 29 years. The construction of the project has progressed 96.36% (The

Certificates (REC) concerning its electricity generation output. The construction of the project has progressed 91.55% (The construction plan was 91.52%). The commercial operation date is scheduled in the fourth

increased downside risks from external factors such as uncertainty in the U.S. economic policies may affect international trade, the slowdown of the Chinese and the EU economies and etc. According to the Bank

not able to satisfy the condition precedent. Moreover, the Project is exposed to legal risks on the issues of building modification; uncertainty of lease contract between IMP and the Office of the Privy