Signing the annex to agreement regarding the settlement of the Coal Project under the contract for the construction of the Ostrołęka _quot;C_quot; Power Plant

Belongs to:

  • Current reports
Title: Signing the annex to agreement regarding the settlement of the Coal Project under the contract for the construction of the Ostrołęka _quot;C_quot; Power Plant
Date: 2021.22.12
Report no.:  Current Report No. 41/2021

Current Report No. 41/2021

Date: 22 December 2021

Subject: Signing the annex to agreement regarding the settlement of the Coal Project under the contract for the construction of the Ostrołęka _quot;C_quot; Power Plant

Legal basis: Article 17(1) MAR - inside information.

With reference to the current report No. 25/2021 of 25 June 2021, the Management Board of Energa SA ("Issuer") informs that it has become aware of the signing on 22 December 2021 between Elektrownia Ostrołęka Sp. z o.o. ("EO") and the General Contractor - GE Power sp. z o.o. with its registered office in Warsaw and GE Steam Power Systems S.A.S. (former business name: ALSTOM Power Systems S.A.S.) with its registered office in Boulogne-Billancourt, France (leader of the consortium - GE Power sp. z o.o.) - the annex to the agreement regarding the settlement of the Coal Project under the contract for the construction of the Ostrołęka _quot;C_quot; Power Plant of 25 June 2021 ("Annex"). The Annex extends the settlement period until 25 March 2022 and results from the verified settlement mechanism of the Coal Project.

The total amount reported by the Issuer in the current report No. 25/2021 of 25 June 2021 that EO will be required to pay to the General Contractor has not changed and will not exceed PLN 1.35 billion (net).

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