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Delay of the commissioning of the unit no. 7 in Turów power plant

  • No. of the report: 13/2021
  • Report date: 30.04.2021 15:28
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

With reference to the current report no. 6/2021 dated February 25, 2021, the Management Board of PGE Polska Grupa Energetyczna S.A. („PGE”) discloses that on April 30, 2021 it has taken information from PGE Górnictwo i Energetyka Konwencjonalna S.A. (PGE’s subsidiary) about the postponement of the completion of the construction of the new power unit in Turów power plant, being realized by consortium including companies: Mitsubishi Hitachi Power System GmbH (Consortium leader), Tecnicas Reunidas S.A. and Budimex S.A. As a result, the commissioning date of the unit no. 7, assumed for April 30, 2021, shall be postponed. It is assumed, that the commissioning shall take place no later than May 15, 2021. The Management Board of PGE notifies that the agreement for the construction of the new unit in Turów power plant, contains - as a standard course of action - contractual penalty clause in specified cases. Parties to the agreement will analyze precise reasons for the delay also for possible penalty clauses.