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Signing of an annex to the agreement for designing and construction of power unit in Turów power plant

  • No. of the report: 6/2019
  • Report date: 29.03.2019 12:39
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. („PGE”, the "Company”) discloses that on March 29, 2019 PGE Górnictwo i Energetyka Konwencjonalna S.A., the subsidiary of PGE, signed the annex to the agreement for designing and turn-key construction of power unit in Turów power plant (the “Agreement”), about which PGE informed in the current report no. 36/2014 of July 10, 2014. Agreement is realized by the consortium formed by companies: Mitsubishi Hitachi Power Systems Europe GmbH, Budimex S.A. and Tecnicas Reunidas SA.

Due to need of technological adaptations and broader scope of works, the value of the Agreement has increased by PLN 108.5 million net to PLN 3,647 million net, and date of completion of works has been prolonged by 6 months, i.e. till October 30, 2020. Other provisions of the Agreement remain unchanged.

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