Current reports
Current report no. 23/2022
Conclusion of the contract by PAK-PCE Polski Autobus Wodorowy sp. z o.o. for the construction of a production plant for buses powered by hydrogen cells
Legal basis:
Art. 17 sec. 1 MAR – inside information
Contents of the report:
The Management Board of ZE PAK SA („Company”) informs that on June 15, 2022, PAK-PCE Polski Autobus Wodorowy sp. z o.o. (the subsidiary of the Company) („Purchaser”) concluded a contract with Mostostal Puławy SA based in Puławy („Contactor”) (together „Parties”) for the implementation of the task entitled "Construction of a production plant for hydrogen-powered buses, including an office building and associated infrastructure" ("Contract"). The subject of the Contract is the implementation of the above-mentioned tasks in the "Design and Build" formula in the area covered by the building permit, in Świdnik, in Lubelskie Voivodeship.
Pursuant to the provisions of the Contract, the lump sum remuneration for the performance of the subject of the Contract was set at PLN 72.7 million net and will be settled in two instalments - for the development of design documentation and for the performance of complete construction and finishing works.
The deadline for completion of construction works is scheduled for June 30, 2023. The guarantee of proper performance of works in accordance with the Contract will be granted for a period of 60 months.
The Contract will enter into force on the condition that the Contractor pays a performance bond in the form of bank or insurance guarantees, or in the form of cash, within 14 days from the date of signing the Contract.
Reliable and timely performance of the subject of the Contract is secured by contractual penalties.
The remaining provisions of the Contract do not differ materially from those applied in this type of agreements.
Signatures of persons representing the Company:
Piotr Woźny – President of the Management Board
Maciej Nietopiel – Vice President of the Management Board
Andrzej Janiszowski – Vice President of the Management Board