Current reports

Current reports

Current reports

Current report no. 12/2014

Annex to material contract conclusion


Legal basis:

Art. 56 section 1 point 2 of the Public Offering Act - Current and periodic information


Contents of the report:

With reference to the current report no. 23/2013, informing on conclusion of material contract concerning a "turnkey" modernization  of Boiler K1 and Boiler K2 at the Pątnów Power Plant along with construction of NOX emission reduction system for these boilers ("the Contract"), Zespół Elektrowni „Pątnów-Adamów-Konin” S.A. („Company”) informs, that on 18 April 2014 there was annex no 1 to the Contract concluded („Annex”). Annex was concluded between Company and Przedsiębiorstwo Investycyjno – Remontowe Energetyki i Przemysłu "Remak-Rozruch" S.A. and Przedsiębiorstwo Remontowe "PAK Serwis" Sp. z o.o. (subsidiary of the Company), acting as consortium (referred to as the "Contractor").


According to Annex the range of the Contractor's work on the boiler K1 is extended. Extension covers implementation of additional work, the execution of which became necessary after the completion of the dismantling stage of the boiler.


In connection with the extension of range of the Contractor's work on the boiler K1 the net Contract value is also higher by 29 m PLN. Current net Contract value isi:

1)      for boiler K-1 – PLN  224 430 000,00

2)      for boiler K-2 – PLN 186 570 000,00.

The total net Contract value for boiler K-1 and boiler K-2 is now PLN 411 000 000,00.


By order of the Annex, the parties also extended the deadline for takeover K1 boiler into operation. Previous date of 31 December 2014, is now replaced on 31 August 2015.


Other material terms of the Agreement remain unchanged.


Legal basis: § 5 section 1 item 3 and § 9 of the Finance Minister’s Regulation of 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent.


Signatures of persons representing the company:

Katarzyna Muszkat –  President of the Management Board

Anna Striżyk – Vice President of the Management Board