Lubelski Węgiel BOGDANKA S.A. signed an annex to the agreement with Elektrownia Połaniec S.A. – Grupa GDF SUEZ ENERGIA POLSKA
Wednesday, 2011-12-21
On 19 December 2011, the Company signed Annex No. 8 to the Long-Term Agreement on Sale of Power Coal, concluded on 30 October 2007 between the Company and Elektrownia Połaniec Spółka Akcyjna – Grupa GDF SUEZ ENERGIA POLSKA.
Under the Annex, part of the supplies specified in Annex No. 6 worth approx. PLN 40.8 million, which were scheduled for 2011, will be delivered in 2012. The Annex also extends the term of the Agreement until 31 January 2013. Further, the Annex specifies the volume of supplies of power coal and the price, and sets the schedule of quarterly supplies in 2012 and in January 2013.
Under the trade terms defined in the Annex, the Company’s net revenue on coal supplies to the Połaniec Power Plant in 2012 and in January 2013, to be performed following the end of supplies in 2011, will amount to PLN 328.8 million.
The Annex is in effect from the day of its conclusion until 31 January 2013.
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Under the Annex, part of the supplies specified in Annex No. 6 worth approx. PLN 40.8 million, which were scheduled for 2011, will be delivered in 2012. The Annex also extends the term of the Agreement until 31 January 2013. Further, the Annex specifies the volume of supplies of power coal and the price, and sets the schedule of quarterly supplies in 2012 and in January 2013.
Under the trade terms defined in the Annex, the Company’s net revenue on coal supplies to the Połaniec Power Plant in 2012 and in January 2013, to be performed following the end of supplies in 2011, will amount to PLN 328.8 million.
The Annex is in effect from the day of its conclusion until 31 January 2013.
