Change of the date of commissioning of the power unit in Turów power plant
With reference to current reports No 56/2014 of 10.07.2014, No 81/2015 of 25.11.2015, No 83/2015 of 14.12.2015, No 15/2019 of 29.03.2019, No 48/2020 of 28.07.2020 and No 15/2021 of 25.02.2021, the Management Board of Budimex SA announces that on 30 April 2021 it became aware of the postponement of the date of completion of construction of the new power unit in Turów power plant, carried out by the consortium of Mitsubishi Hitachi Power System GmbH (Consortium leader), Tecnicas Reunidas S.A. and Budimex S.A., which should, however, not affect the timely signing of an acceptance report for the unit, which the Parties are planning to do not later than on 15 May 2021. The contract normally provides for clauses on contractual penalties in the event of delay. The parties to the contract will analyse the reasons for the postponement of the deadline also in terms of possible contractual penalties.
The contract value exceeds 2% of the sales revenues from the recent annual statement of the Budimex Group.