Current Report No. 14/2018

Current report No: 14/2018

Date: 4 Apr 2018

Issuer’s abridged name: ENERGA SA

Legal basis: Article 17(1) MAR – inside information

Subject:          Resolution of a public procurement award procedure titled “Construction of Elektrownia Ostrołęka C with a capacity of   approximately 1,000 MW”

Report:

With reference to current report No 13/2018, the Management Board of ENERGA SA (the “Issuer”) informs that on 4 April 2018 it was notified that Elektrownia Ostrołęka Sp. z o.o. (the “Contracting Authority”) had resolved a public procurement award procedure titled “Construction of Elektrownia Ostrołęka C with a capacity of approximately 1,000 MW” (the “Procedure”, “Contract”) by selecting a Consortium composed of GE Power Sp. z o.o. and Alstom Power System S.A.S. as the General Contractor which offered to perform the Contract with the parameters specified in the tender for a net amount of PLN 5,049,729,000.00, gross amount PLN 6,023,034,950.00.

The resolution of the Procedure is not tantamount to:

• consenting to the conclusion of a contract agreement with the General Contractor – such consent requires, among other things, a prior consent of the Supervisory Board;
• consenting to the issue of a notice to proceed (NTP) – the NTP requires, among other things, a prior consent of the Supervisory Board of the Issuer and a prior consent in principle to commence the Construction Stage granted by the General Meeting of the Issuer.

It is estimated that the investment outlays connected with the conclusion of the contract agreement between the Contracting Authority and the General Contractor prior to the issue of the NTP will not exceed the equivalent of 4% of the contracted price.

The Issuer will provide further information regarding the Contract in separate current reports.