Budimex.pl

Current report no 15 / 2021

Date: February 25, 2021 1:04 PM

Signature of a settlement to the agreement on the design and construction of a power unit at Turów power plant

The Management Board of Budimex SA announces that on 25 February 2021 a settlement before a mediator was signed regarding the agreement on the design and construction of a power unit at Turów power plant in the “turnkey” formula (which was announced by the company in current reports No 56/2014 of 10.07.2014, No 81/2015 of 25.11.2015, No 83/2015 of 14.12.2015, No 15/2019 of 29.03.2019 and No 48/2020 of 28.07.2020) which is implemented by a consortium composed of Mitsubishi Power Europe GmbH (formerly Mitsubishi Hitachi Power Systems Europe GmbH), Budimex SA and Tecnicas Reunidas SA as part of the contract awarded by PGE Górnictwo i Energetyka Konwencjonalna S.A. with its registered office in Bełchatów.

 

Basic terms and conditions of the settlement:

The value of the agreement has been increased, due to increased investment costs, by the amount of 107,972,832.00 (one hundred and seven million nine hundred and seventy two thousand eight hundred and thirty two) zlotys net (the share of Budimex in the settlement amount is approx. 40%), i.e. up to the amount of 3,754,596,907.82 (three billion seven hundred fifty four million five hundred ninety six thousand nine hundred seven 82/100) zlotys net.

The works completion date has been extended until 30 April 2021, which is in line with the Consortium's earlier proposal, of which the Company informed in current report No 48/2020 of 28.07.2020.

 

At the parties’ request, the settlement will be submitted to the court for approval.  

 

Other material provisions of the agreement will remain unchanged.

 

The value of the agreement exceeds 2% of the sales revenues from the recent annual statement of the Budimex Group.

Shareholders
( more )

Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

This site uses cookies, so that might work better. Read about cookies at Website Privacy Policy