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Extension of the contract for heat supply for Konin till half of 2022

In accordance with the information provided with the current report no. 29/2016, on June 30 2016, currently existing agreement on the heat supply for the city of Konin was terminated by ZE PAK SA due to the fact that the heat production from currently used lignite source in Elektrownia Konin, after June 30, 2020 will not be possible because of environmental requirements. However, adapting the currently used source to tightened requirements would involve outlays exceeding economic effect that could be achieved therefore. Simultaneously, the Company declared that it  still wants to remain a supplier of heat for the city and therefore a concept of deliveries using the biomass unit at Elektrownia Konin was developed.

 

On January 18, 2018, ZE PAK SA signed an agreement on the withdrawal of the above mentioned termination of the heat sales agreement for the city of Konin. On the basis of the signed agreement's provisions the contarct for heat sales will be extended by two years, i.e. till June 30, 2022.

 

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