Power Plant EPC And O&M Contracts During Coronavirus Outbreak

Coronavirus (COVID-19) outbreak affects not only people's daily-life, but also disrupts economies and markets all around the world and electricity generation market is not immune to this effect. Due to the outbreak, construction projects related to power plants came to a standstill in some jurisdictions. Engineering, procurement and construction ("EPC") contractors and operation and maintenance ("O&M") service providers as well as project owners started to face difficulties.

With the spread of coronavirus worldwide, supply chain has been severally broken and equipment procurement for both construction projects and O&M works became almost impossible in certain jurisdictions. Even if the equipment is procured, due to the restrictions on movement, deploying key personnel also became a problem. As some governmental authorities are semi-functional as a result of the measures taken due to the outbreak, land acquisitions for the projects, connection lines, and in general,