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Conditional approval of Polimex Mostostal S.A. and Polimex Energetyka sp. z o.o. consortium’s offer for construction of gas and steam CHP plant in Siechnice (New Czechnica CHP plant)

  • No. of the report: 7/2021
  • Report date: 01.03.2021 20:54
  • 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”), with reference to the current report no. 2/2021 of the subsidiary Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A., discloses that the Management Board of Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. (the “Company”) on March 1, 2021 has decided on:

• conditional approval of selection of the offer by consortium consisting of Polimex Mostostal S.A. (Consortium Leader) and Polimex Energetyka sp. z o.o. (Consortium Partner) submitted in the procurement procedure titled „Turn-key construction of CCGT combined heat and power plant for Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. in Siechnice”,

• giving consent for conditional signing of the agreement with the above mentioned consortium.

The consent will come into force and the agreement will be signed upon fulfilment of certain conditions, including granting by the ERO a co-generation individual premium to the Company for unit New Czechnica CHP plant, on the ground of the Act of December 14, 2018 on promotion of electricity from highly-efficient co-generation and after obtaining necessary corporate approvals, including inter alia the consent by the General Meeting.

The value of the offer for the construction of the CHP plant amounts to approximately PLN 1 159 million net and the related service agreement to approx. PLN 118 million net.

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