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S.N. NUCLEARELECTRICA S.A. - SNN

Report according art. 92 ind. 3 Law 24/2017

Release Date: 9/9/2020 10:35:31 AM

IRIS Code: 4592E

  

Current report according to art. 92 index 3 of Law No. 24/2017, as further amended and supplemented and art. 234 letter i) of ASF Regulation no. 5/2018

Report date: 09.09.2020

Name of the issuing entity: Societatea Nationala NUCLEARELECTRICA S.A.

Registered office: 65 Polona St., district 1, Bucharest

Telephone/Fax Number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Number with the Trade Register Office: 10874881

Registration number with the Trade Register: J40/7403/1998

Subscribed and paid-up share capital: 3,015,138,510

Regulated market on which the issued securities are traded: Bucharest Stock Exchange

 

 

To:                  Bucharest Stock Exchange

Financial Supervision Authority

 

 

Significant event to report:

Transaction of the type listed in art. 92 indice 3 of Law no. 24/2017

 

Societatea Nationala Nuclearelectrica S.A. (“SNN”) informs its shareholders and investors on concluding, on 08.09.2020, six transactions on PCCB-LE-Flex, with a cumulated value higher than 50,000 EUR with Societatea Electrica Furnizare S.A.

We would like to mention the fact that the cumulated value of the contracts concluded with Societatea Electrica Furnizare S.A. by SNN as seller since the beginning of the year 2020 exceeds 5% of the value of the net assets of SNN and 10% of the net turnover related to the last annual financial statements, and that is why, according to the provisions of art. 923 of Law no. 24/2017 as further amended and supplemented and the provisions of art. 234 letter i) of ASF regulation no. 5/2018, SNN must report the cumulated value of these transactions.

 

Details regarding the contracts concluded by SNN, as seller, their scope, total value, reciprocal claims, collateral, set up securities, payment terms and methods, are presented in Annex 1.

 

Best regards,

 

Chief Executive Officer

Cosmin GHITA

 


No.

No.

Parts of the legal act

Date of conclusion and no. of the deed

Nature of the legal document

Description of subject-matter

Total value

(TG  included)

Mutual receivables

Securities

set up

by

Electrica Furnizare

Payment terms and methods

Observations

1.

SNN S.A. with  Societatea  Electrica Furnizare S.A.

08.09.2020        1247

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,572,376.00 RON Value cumulated since the beginning of the year: 479,323,898.64
RON

Receivables as of            08.09.2020
 
46.613.641,10 lei


Debts as of: 08.09.2020  8.375,69 lei

RON 3,664,348.80

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LE-Flex tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,832,174.40. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,092,288.00.   

2

SNN S.A. with  Societatea  Electrica Furnizare S.A.

08.09.2020        1248

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,633,696.00 RON Value cumulated since the beginning of the year: 500,957,594.64
RON

Receivables as of            08.09.2020
46.613.641,10 lei

Debts as of: 08.09.2020  8.375,69 lei

RON 3,674,764.80

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LE-Flex tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,837,382.40. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,112,448.00.   

3

SNN S.A. with  Societatea  Electrica Furnizare S.A.

08.09.2020        1249

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,620,556.00 RON Value cumulated since the beginning of the year: 522,578,150.64
RON

Receivables as of            08.09.2020
46.613.641,10 lei


Debts as of: 08.09.2020  8.375,69 lei

RON 3,672,532.80

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LE-Flex tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,836,266.40. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,108,128.00.   

4

SNN S.A. with  Societatea  Electrica Furnizare S.A.

08.09.2020        1250

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,623,184.00 RON Value cumulated since the beginning of the year: 544,201,334.64
RON

Receivables as of            08.09.2020
 46.613.641,10 lei

Debts as of: 08.09.2020  8.375,69 lei

RON 3,672,979.20

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LE-Flex tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,836,489.60. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,108,992.00.   

5

SNN S.A. with  Societatea  Electrica Furnizare S.A.

08.09.2020        1251

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,522,444.00 RON Value cumulated since the beginning of the year: 565,723,778.64
RON

Receivables as of            08.09.2020
 46.613.641,10 lei

Debts as of: 08.09.2020  8.375,69 lei

RON 3,655,867.20

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LE-Flex tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,827,933.60. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,075,872.00.   

6

SNN S.A. with  Societatea  Electrica Furnizare S.A.

08.09.2020        1252

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,624,936.00 RON Value cumulated since the beginning of the year: 587,348,714.64
RON

Receivables as of            08.09.2020
46.613.641,10 lei

Debts as of: 08.09.2020  8.375,69 lei

RON 3,673,276.80

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LE-Flex tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,836,638.40. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,109,568.00.   

 

 

 

 

Transactions concluded with Societatea Electrica Furnizare SA, in the last 12 months, reported in compliance with the provisions of art. 923 of the Law 24/2017, paragraph (13)

 

 

Item
no.

Parts of the legal act

Date of conclusion and no. of the deed

Nature
of the
legal document

Description of subject-matter

Total value (TG included)

Mutual
receivables

Securities
set up by

Payment terms and methods

Observations

1

SNN and Electrica Furnizare

30.12.2019   1506

Contract

Wholesale of power Period: 01.01.2020-30.06.2020

Current contract value:                102,416,477.33 RON Value cumulated since the beginning of the year:    233,261,359.96
RON

Receivables as of 30.12.2019
RON 0.00

Debt on:
30.12.2019
0.00
RON

04.03.2019
0.00
RON

 10,171,766.36
RON
 

The payment will be made within 10 business days after the invoice issuance date. The invoice shall be issued within 5 business days after the end of each contractual month.

Concluded in virtue of ANRE Resolution no. 2213 of 23.12.2019. Penalties for each day of delay, corresponding as a percentage to the interest payable for not paying obligations to the state budget in due time, calculated starting with the first day after the due date, until the payment day (exclusively), if the buyer does not meet its payment obligations within 15 days after the due date. The total value of the penalty interests cannot exceed the value of the invoice. The value of the Performance Bond letter issued by S.N. Nuclearelectrica S.A. amounts to RON 10,171,766.36, valid until 10.07.2020.

2

SNN and Electrica Furnizare

17.02.2020   No.32741

Contract

Wholesale of power Period: 01.07.2020-31.12.2020

Current contract value:                11,788,973.00 RON         
RON

Receivables as of 17.02.2020
32,754,576.43 RON

Debts as of: 17.02.2020 0.00 lei


 

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by PC-OTC tender procedure. Based on the result of the tender procedure, Annex 2 to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond.

3

SNN and Electrica Furnizare

13.03.2020   No.33042

Contract

Wholesale of power Period: 01.07.2020-31.12.2020

Current contract value:                11,660,880.00 RON         
RON

Receivables as of            13.03.2020
30,120,082.80 lei

Debt on: 13.03.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by PC-OTC tender procedure. Based on the result of the tender procedure, Annex 2 to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond.

4

SNN and Electrica Furnizare

13.03.2020   No.33043

Contract

Wholesale of power Period: 01.07.2020-31.12.2020

Current contract value:                11,660,880.00 RON         
RON

Receivables as of            13.03.2020
30,120,082.80 lei

Debt on: 13.03.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by PC-OTC tender procedure. Based on the result of the tender procedure, Annex 2 to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond.

5

Electrica Furnizare

13.03.2020              314

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

 Current contract value:               11,519,400.00 RON  

Receivables as of            13.03.2020
30,120,082.80 lei

Debt on: 13.03.2020   0.00 lei
RON

 2,051,400.00 RON

The payment shall be made no later than the seventh business day from the day on which the invoice was sent. The invoice is issued on the first business day of the month immediately following the delivery month.

Granted through PCCB-NC (Centralized Market of Bilateral Electricity Contracts - Continuous Negotiation) tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The value of the Performance Bond letter issued by S.N. Nuclearelectrica S.A. amounts to RON 1,151,940.00, valid until 25.01.2022.

6

Electrica Furnizare

13.03.2020              313

Contract

Wholesale of power Period: 01.07.2020-31.12.2020

 Current contract value:               23,233,420.00 RON  

Receivables as of            13.03.2020
30,120,082.80 lei

Debt on: 13.03.2020   0.00 lei
RON

 7,574,400.00 RON

The payment shall be made no later than the seventh business day from the day on which the invoice was sent. The invoice is issued on the first business day of the month immediately following the delivery month.

Granted through PCCB-NC (Centralized Market of Bilateral Electricity Contracts - Continuous Negotiation) tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay the obligations to the state budget when due, calculated as of the day immediately following the due date and up to the date of settlement of the amount due, included. The value of the Performance Bond letter issued by S.N. Nuclearelectrica S.A. amounts to RON 3,485,013.00, valid until 25.01.2021.

7

Electrica Furnizare

13.03.2020   No.33147

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                23,047,560.00 RON         
RON

Receivables as of            13.03.2020
30,120,082.80 lei

Debt on: 13.03.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by PC-OTC tender procedure. Based on the result of the tender procedure, Annex 2 to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond.

8

Electrica Furnizare

23.04.2020   516

Contract

Wholesale of power Period: 01.05.2020-31.12.2021

Current contract value:                35,863,129.50 lei          
RON

Receivables as of            23.04.2020
11,884,292.16  lei

Debt on: 23.04.2020  0.00 lei
RON

3,644,856.00 lei

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LC tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay when due the obligations to the state budget, calculated as of the day immediately after the due date and up to the date of settlement of the amount due. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,822,428.00. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,054,560.00.   

9

Electrica Furnizare

23.04.2020   517

Contract

Wholesale of power Period: 01.05.2020-31.12.2021

Current contract value:                35,863,129.50 lei         
RON

Receivables as of            23.04.2020
11,884,292.16  lei

Debt on: 23.04.2020  0.00 lei
RON

3,644,856.00 lei

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LC tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay when due the obligations to the state budget, calculated as of the day immediately after the due date and up to the date of settlement of the amount due. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,822,428.00. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,054,560.00.   

10

Electrica Furnizare

23.04.2020   518

Contract

Wholesale of power Period: 01.05.2020-31.12.2021

Current contract value:                35,937,798.60 lei         
RON

Receivables as of            23.04.2020
11,884,292.16  lei

Debt on: 23.04.2020  0.00 lei
RON

RON 3,652,444.80

The payment shall be made: (a) on the 11th business day after sending the invoice or (b) on the 12th business day in the month immediately after the delivery month

Assigned by PCCB-LC tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay when due the obligations to the state budget, calculated as of the day immediately after the due date and up to the date of settlement of the amount due. The non-submittal of the payment security means that the Contract does not become effective and obligates the Buyer to pay to the Seller a compensation equal to the equivalent value of the electricity for 31 days, namely RON 1,826,222.40. In case of termination, unilateral termination, and the party that is responsible for the termination of the contract will pay compensations of RON 7,069,248.00.   

11

Electrica Furnizare

16.06.2020                      33670

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                11,048,550.00 lei         
RON

Receivables as of            16.06.2020
24,077,621.44 RON

Debt on: 16.06.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 33670 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

12

Electrica Furnizare

16.06.2020                          33671

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                11,048,550.00 lei         
RON

Receivables as of            16.06.2020
24,077,621.44 RON

Debt on: 16.06.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 33671 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

13

Electrica Furnizare

16.06.2020                      33724

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                11,081,400.00 RON Value cumulated since the beginning of the year:   245,944,590.60
RON

Receivables as of            16.06.2020
24,077,621.44 RON

Debt on: 16.06.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 33724 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

14

Electrica Furnizare

16.06.2020                          33743

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-30.06.2021

Current contract value:                10,388,456.00 RON Value cumulated since the beginning of the year:   256,333,046.60
RON

Receivables as of            16.06.2020
24,077,621.44 RON

Debt on: 16.06.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 336743 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

15

SNN and Electrica Furnizare

02.07.2020   824

Contract

Wholesale of power Period: 01.07.2020-31.12.2020

Current contract value:                117,598,416.04 RON Value cumulated since the beginning of the year:    373,931,462.64
RON

Receivables as of 02.07.2020
RON 0.00

Debt on:
02.07.2020
0.00
RON

 

 11,676,724.15
RON
 

The payment will be made within 10 business days after the invoice issuance date. The invoice shall be issued within 5 business days after the end of each contractual month.

Concluded in virtue of ANRE Resolution no. 1077 of 29.06.2020. Penalties for each day of delay, corresponding as a percentage to the interest payable for not paying obligations to the state budget in due time, calculated starting with the first day after the due date, until the payment day (exclusively), if the buyer does not meet its payment obligations within 15 days after the due date. The total value of the penalty interests cannot exceed the value of the invoice. The value of the Performance Bond letter issued by S.N. Nuclearelectrica S.A. amounts to RON 11,676,724.15, valid until 10.01.2021.

16

SNN and Electrica Furnizare

31.07.2020   1009

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                10,774,800.00 RON Value cumulated since the beginning of the year:    384,706,262.64
RON

Receivables as of 31.07.2020
RON 8,450,798.40

Debt on:
31.07.2020
0.00
RON

 

 1,918,800.00
RON
 

The payment shall be made according to the payment deadline from the invoice, namely the last of the following dates: (a) the 7th business day after sending the invoice or (b) the 8th business day after the delivery month.
The invoice is issued at the latest on the first business day of the month immediately following the delivery month.

Granted through PCCB-NC (Centralized Market of Bilateral Electricity Contracts - Continuous Negotiation) tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay when due the obligations to the state budget, calculated as of the day immediately after the due date and up to the date of settlement of the amount due. The value of the letter of guarantee issued by S.N. Nuclearelectrica S.A. amounts to RON 1,077,480.00, valid until 25.01.2022

17

SNN and Electrica Furnizare

14.08.2020   1100

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                21,418,200.00 RON Value cumulated since the beginning of the year:    427,674,062.64
RON

Receivables as of 14.08.2020
22.980.523,20 lei

Debt on: 14.08.2020 RON 0.00
RON

 3,814,200.00
RON
 

The payment shall be made according to the payment deadline from the invoice, namely the last of the following dates: (a) the 7th business day after sending the invoice or (b) the 8th business day after the delivery month.
The invoice is issued at the latest on the first business day of the month immediately following the delivery month.

Granted through PCCB-NC (Centralized Market of Bilateral Electricity Contracts - Continuous Negotiation) tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay when due the obligations to the state budget, calculated as of the day immediately after the due date and up to the date of settlement of the amount due. The value of the Performance Bond letter issued by S.N. Nuclearelectrica S.A. amounts to RON 2,141,820.00, valid until 25.01.2022.

18

Electrica Furnizare

19.08.2020              34950

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current transaction value:                10,774,800.00 lei          Value cumulated since the beginning of the year:   RON 416,899,262.64

Receivables as of         19.08.2020
9,058,646.40  lei

Debt on: 19.08.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 34950 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

19

Electrica Furnizare

19.08.2020              34951

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current transaction value:                10,774,800.00 lei          Value cumulated since the beginning of the year:   RON 427,674,062.64

Receivables as of         19.08.2020
9,058,646.40  lei

Debt on: 19.08.2020   0.00 lei
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 34951 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

20

Electrica Furnizare

21.08.2020              35174

Annex to the EFET Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current transaction value:                10,761,660.00 RON Value cumulated since the beginning of the year:   RON 438,435,722.64

Receivables as of 21.08.2020
9,058,646.40  lei

Debt on: 21.08.2020 RON 0.00
RON

 40,000,000.00
RON (the security is set up in order to cover the transactions to be performed in virtue of contract no. 1561 from February 2020 to 15.02.2022)
 

The buyer shall fully pay the invoice issued until the payment deadline indicated in the invoice, namely no later than 20 calendar days after the date on which it receives the invoice from the Seller, by fax or by e-mail.

Granted by transaction no. 35174 concluded on PC-OTC.
In virtue of the transaction performance Opcom confirmation, Annex 2a to EFET contract no. 1561 was drafted. SN Nuclearelectrica does not set up a performance bond for this transaction.

21

SNN and Electrica Furnizare

01.09.2020   1207

Contract

Wholesale of power Period: 01.01.2021-31.12.2021

Current contract value:                19,315,800.00 RON Value cumulated since the beginning of the year:    457,751,522.64
RON

Receivables as of 01.09.2020
RON 46,613,641.10

Debt on:
01.09.2020
8,375.69
RON

 

 3,439,800.00
RON
 

The payment shall be made according to the payment deadline from the invoice, namely the last of the following dates: (a) the 7th business day after sending the invoice or (b) the 8th business day after the delivery month.
The invoice is issued at the latest on the first business day of the month immediately following the delivery month.

Granted through PCCB-NC (Centralized Market of Bilateral Electricity Contracts - Continuous Negotiation) tender. Penalties for each day of delay, corresponding as a percentage to the interest due for failure to pay when due the obligations to the state budget, calculated as of the day immediately after the due date and up to the date of settlement of the amount due. The value of the Performance Bond letter issued by S.N. Nuclearelectrica S.A. amounts to RON 1,931,580.00, valid until 25.01.2022.

                                                                                                                                                 

 



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