BW Energy cuts investments by more than half this year

The coronavirus crisis has made BW Energy cut its investment program for 2020 significantly, with capex now standing at USD 115 million.

Photo: PR / BW Energy

BW Energy, which debuted on the stock exchange in June, has slashed its expected capex level due to the coronavirus pandemic, according to the interim report published Wednesday.

Before the crisis, the company planned with a capex of USD 250 million for 2020. This has now been scaled back to USD 115 million, of which USD 49 million were spent in the first quarter.

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