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S.N.G.N. ROMGAZ S.A. - SNG

Extension of suspension for the Notice of termination - CTE Iernut Contract

Release Date: 5/21/2021 10:10:51 AM

IRIS Code: 8BAB8

CURRENT REPORT

In compliance with Law no. 24/2017 regarding Issuers of Financial Instruments and  Market Operations  and A.S.F. Regulation no. 5/2018

 

Report date: May 21, 2021

Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County – Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

 

 

Significant event to be reported:

 

·   The extension of the suspension of the notice of termination of the Public Procurement Contract No. 13384/2016, having as object the Development of Iernut Power Plant (Iernut CTE) by building a new 430 W power plant, with Combined Cycle Gas Turbine, concluded between S.N.G.N. ROMGAZ S.A., as Purchaser and the Consortium consisting of DURO FELGUERA S.A. and S.C. ROMELECTRO S.A., as Executor

 

 

In compliance with the provisions of Law No. 24/2017 and Article 234, paragraph 1, letter i) from F.S.A. Regulation No 5/2018, S.N.G.N. ROMGAZ S.A. informs its shareholders and investors upon the fact that on May 20, 2021 it extended the suspension of the notice of termination of the Public Procurement Contract No. 13384/2016 having as object the Development of Iernut Power Plant (Iernut CTE) by building a new 430 W power plant, with Combined Cycle Gas Turbine, until June 2, 2021.

 

The decision to extend the suspension of the notice of termination of the Public Procurement Contract No. 13384/2016 was taken as a result of the conclusion of a memorandum by which the parties established the conditions under which the works subject to the contract can be continued and completed and by which they undertook to take all  the necessary efforts to obtain corporate approvals and the conclusion, until June 2, 2021, of an addendum to the contract, for the continuation and completion of the works.

 

 

Chief Executive Officer,

Aristotel Marius JUDE

 



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