Approval of the Polish Office of Competition and Consumer Protection for creation CCGT Ostrołęka Sp. z o.o. together with PKN ORLEN S.A. and PGNiG S.A.
Belongs to:
- Current reports
Date: 14 April 2021
Subject: Approval of the Polish Office of Competition and Consumer Protection for creation CCGT Ostrołęka Sp. z o.o. together with PKN ORLEN S.A. and PGNiG S.A.
Legal basis: Article 17(1) MAR - inside information
With reference to current report No. 85/2020 of 22 December 2020, the Management Board of Energa SA (the "Issuer") informs that on 14 April 2021 it received information about the approval of the President of Urząd Ochrony Konkurencji i Konsumentów (the Polish Office of Competition and Consumer Protection) for the creation by PKN ORLEN S.A. ("PKN ORLEN"), Energa SA and Polskie Górnictwo Naftowe i Gazownictwo S.A. ("PGNiG S.A.") of the joint venture, i.e. CCGT Ostrołęka Sp. z o.o. based in Ostrołęka.
Consequently, one of the conditions of the investment agreement on directional principles of cooperation in construction of gas power plant in Ostrołęka C Power Plant, which was signed on 22 December 2020 between PKN ORLEN, the Issuer and PGNiG S.A., has been fulfilled.