Budimex.pl

Current report no 42 / 2017

Date: May 31, 2017 6:06 PM

Meeting the condition related to the contract for the construction of the new combined heat and power plant in Vilnius — Lot1 concluded by Budimex S.A.

With reference to the current report No. 65 of 29 September 2016 on the contract concluded by and by and between the consortium consisting of Budimex SA (partner of the consortium with 48.46% participation shares), Steinmüller Babcock Environment GmbH (leader of the consortium with 39.26% participation shares), and UAB Kauno dujotiekio statyba (partner of the consortium with 1% participation shares) and the JSC “Vilniaus kogeneracine jegaine” (Employer) for the construction of a new CHP plant in Vilnius — Lot 1 (“Contract”), the Management Board of Budimex S.A. announces that on 31 May 2017 the Employer notified them of issuing the Works Commencement Order. According to the Contract, issuance of the works commencement order was dependant from the Employer obtaining financial resources for the execution of the contract within 9 months from signing thereof.

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