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PXM — Polimex Mostostal SA News Story

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Brief: Polimex-Mostostal Gets Court Approval For Kogeneracja Contract Annex

Aug 1 (Reuters) - Polimex Mostostal SA PXMP.WA:

SAID ON THURSDAY COURT APPROVED A MEDIATION SETTLEMENT WITH ZESPOL ELEKTROCIEPLOWNI WROCLAWSKICH KOGENERACJA AND CONSORTIUM OF POLIMEX MOSTOSTAL AND POLIMEX ENERGETYKA

THE SETTLEMENT IS THE BASIS FOR AN ANNEX TO THE CONTRACT FOR THE CONSTRUCTION OF A GAS-STEAM POWER PLANT IN SIECHNICE

THE ANNEX INCREASES THE CONTRACTOR'S NET REMUNERATION BY PLN 157.5 MILLION

THE INCREASE COVERS INDEXATION, ADDITIONAL AND REPLACEMENT WORK, AND CONSTRUCTION SITE RISKS

THE AMOUNT WILL BE REDUCED BY PLN 37.4 MILLION ALREADY PAID BY KOGENERACJA UNDER A PREVIOUS COURT ORDER

 Source text for Workspace: nEM2KGz20a
 Further company coverage: PXMP.WA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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