Handover of Unit No 5 for operation in the Opole Power Plant

Current report No 8/2019

Legal basis: Article 17(1) of the Market Abuse Regulation (MAR) – confidential information.                                                                                                                          

With reference to the following current reports: report No 8/2012 of 15 February 2012,  report No 77/2017 of 26 September 2017, report No 8/2018 of 22 February 2018 and report No 48/2018 of 10 October 2018, the Management Board of Polimex-Mostostal S.A. with the registered office in Warsaw (the „Company”) informs that on 31 May 2019 the consortium of the Company, Mostostal Warszawa S.A. and Rafako S.A. (jointly referred to as the “General Contractor”) received a completion certificate for the implementation of Unit No 5 in the Opole Power Plant from PGE Górnictwo i Energetyka Konwencjonalna S.A. (the “Ordering Party”). The receipt of the certificate marks a successful completion of the implementation of the mentioned unit and its final acceptance by the Ordering Party.

The handover of Unit No 5 for operation took place ahead of schedule initially set to 15 June 2016 and included in the annex to the agreement, about which the Company informed in the current report No 48/2018 of 10 October 2018.

The date of the handover of Unit No 6 for operation remains unchanged and falls on 30 September 2019.

The execution of the investment is part of the contract for the construction of power units No 5 and 6 in the Opole Power Plant, implemented by the General Contractor and GE Power who acts as the general designer and the consortium leader in charge of the performance of the contract.