Current reports
Current report no. 4/2017
Intent of potential asset sales
Legal basis:
Article 17 Section 1 of the MAR – inside information
Contents of the report:
In relation to the planned completion of the Adamów Power Plant’s operation in January 2018, Zespół Elektrowni “Pątnów-Adamów-Konin” SA (“Company”) informs that the possibility of selling the assets related to the mine and power plant in Adamów is considered within the review of strategic options.
The object of the potential transaction can be PAK KWB Adamów SA and the spinned off part of the enterprise related with the Adamów Power Plant.
The Adamów Power Plant consists of 5 power units with total power of 600 MWe, adapted for the production of energy from brown coal. The power plant is included in a derogatory mechanism of a limited exemption resulting from the IED Directive on industrial emissions. It obtained the right to function with the current emission standards for 17.5 thousand hours counted from 1 January 2016. It means that in case of uninterrupted operation in January 2018, the power plant will be permanently taken out of operation.
PAK KWB Adamów SA currently extracts coal for the needs of the Adamów Power Plant.
The Company subjects the transaction to interest and conditions offered by potentially interested parties. The detailed terms, scope and structure of the transaction will be established in a negotiation process.
The potential transaction will be preceded by obtaining all approvals required by law and the Articles of Association.
Signatures of persons representing the company:
Adam Kłapszta – President of the Management Board
Aneta Lato-Żuchowska – Vice President of the Management Board