Changes regarding the implementation of construction project of CCGT power plant in Ostrołęka
Belongs to:
- Current reports
Current report No. 26/2023
Date: 3 October 2023
Subject: Changes regarding the implementation of construction project of CCGT power plant in Ostrołęka
Legal basis: Article 17 (1) of MAR - inside information
With reference to the current report No. 25/2021 of 25 June 2021, the Management Board of Energa SA (_quot;Issuer_quot;) informs that it has become aware of the signing on 3 October 2023 between CCGT Ostrołęka Sp. z o. o., on the one side, and GE Power Sp. z o. o. with its registered office in Warsaw and General Electric Global Services GmbH, based in Baden, Switzerland (collectively the _quot;General Contractor_quot;) on the other side of the annex (_quot;Annex_quot;) to the agreement of 25 June 2021 regarding the project of the construction of a 745 MWe net gas-fired combined cycle gas turbine (CCGT) power plant in Ostrołęka (_quot;Project_quot;).
In accordance with the provisions of the Annex, the estimated remuneration of the General Contractor for the implementation of the Project will increase from approximately PLN 2.5 billion net to approximately PLN 2.85 billion net. The deadline for signing of the Conditional Acceptance Certificate for the CCGT power plant in Ostrołęka was set for 31 December 2025.
The conclusion of the Annex results from the need to adapt the contract with the General Contractor to the conditions that have arisen since the conclusion of this contract, in particular the outbreak of the war in Ukraine and its impact on the raw materials, energy and construction markets.