Brief: Duro Felguera Says Romgaz Terminated Its Construction Contract in Romania
12/09/2025 06:54
Sept 12 (Reuters) - Duro Felguera SA MDF.MC: SAID ON THURSDAY, ROMGAZ DECIDED TO TERMINATE CONTRACT FOR CONSTRUCTION OF COMBINED CYCLE POWER PLANT IN IERNUT, ROMANIA DURO FELGUERA COMPLIED STRICTLY WITH CONTRACT DELAY IN DEADLINES IS A RESULT OF ROMGAZ'S MODIFICATIONS TO CONTRACT AND DIFFICULTIES DURING THE EXECUTION FOR REASONS ATTRIBUTABLE TO ROMGAZ CO HAS INCURRED IN COST OVERRUNS AT ITS OWN EXPENSE AND NUMEROUS CLAIMS AGAINST ROMGAZ HAVE NEVER BEEN ADDRESSED ROMGAZ DECIDED, UNILATERALLY AND UNEXPECTEDLY, TO END NEGOTIATIONS BY TERMINATING CONTRACT, ARGUING BREACH OF CONTRACT BY DURO FELGUERA ACCUSATION IS CATEGORICALLY REJECTED BY DURO FELGUERA DURO FELGUERA IS ANALYSING LEGAL ACTIONS IT MAY TAKE Source text: nCNM93ZtVN Further company coverage: MDF.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))