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Current Report No. 48/2020

19.10.2020 19:25

Filing a lawsuit against Abener Energia S.A.

​TAURON Polska Energia S.A. ("Issuer") informs that on October 19, 2020 Elektrociepłownia Stalowa Wola S.A. with headquarters in Stalowa Wola ("ECSW"), in which the Issuer owns, indirectly through its subsidiary TAURON Wytwarzanie S.A., 50 percent. shares in the share capital, filed a suit with the Court of Arbitration at the Polish Chamber of Commerce in Warsaw against Abener Energia S.A. based at Campus Palmas Altas, Seville ("Abener Energia").

The proceedings before the Court of Arbitration will be conducted in connection with the contract between Abener Energia (general contractor) and ECSW (ordering party) for the construction of a CCGT unit with a heating section in Stalowa Wola ("Contract"), from which the contract was abandoned.

The subject of the claim is the payment by Abener Energia to the ECSW of PLN 198 663 931.86 and EUR 461 207.21 (which is the equivalent of PLN 2 098 400.56 according to the NBP rate of October 19, 2020) together with interest as compensation for the damage corresponding to the costs of removing defects, faults and shortcomings of works, deliveries and services performed by Abener Energia during the performance of the Contract.​

Art. 17 sec. 1 of MAR - inside information

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