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  5. Addendum to NIP Financing Contract - CTE Iernut

Pin to quick picksRomgaz S Regulatory News (SNGR)

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Share Price: 11.20
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Addendum to NIP Financing Contract - CTE Iernut

27 Dec 2023 09:07

RNS Number : 9265X
S.N.G.N. Romgaz S.A.
27 December 2023
 

CURRENT REPORT

In compliance with Law no. 24/2017 regarding Issuers of Financial Instruments

 

Report date: December 27, 2023

Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

 

Significant event to be reported:

 

· Addendum concluded to the Financing Contract no. 4/ December 7, 2017 for the investment "Combined cycle CCTG power plant" - Iernut

 

Government Decision no. 1.118/November 16, 2023 amended Government Decision no. 1.096/2013 for approving transitional free allocation of CO2 certificates to electricity producers during 2013-2020, including the National Investment Plan (NIP). Government Decision no. 1.118/November 16, 2023 extends: the completion and commissioning period of investments financed from the NIP until December 31, 2024, the reimbursement period until June 30, 2025 and the other correlative terms.

Consequently, the Ministry of Energy sent the Addendum no. 9 to the Financing Contract no. 4/ December 7, 2017 for the investment "Combined cycle CCTG power plant" - Iernut, signed by both parties, registered at S.N.G.N. ROMGAZ S.A. on December 27, 2023. The object of the Addendum is the modification of the contract term until December 31, 2024, for financing, as well as the modification of the investment schedule, provided in the contract.

The completion date of the investment, confirmed by its commissioning, may not exceed December 31, 2024.

We recall that the conclusion of the Financing Contract no. 4/ December 7, 2017 for the investment "Combined cycle CCTG power plant" - Iernut was the object of the Current Report published on December 11, 2017.

 

Chief Executive Officer,

Razvan POPESCU

 

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