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Current Report No. 14/2011

25.03.2011 00:00

Fulfilling a condition precedent regarding the Agreement on the functioning of Elektrociepłownia Stalowa Wola S.A.

The Management Board of TAURON Polska Energia S.A. ("the Company") advises that it has been notified on obtaining on 24 March 2011 all the required corporate agreements for the Agreement on the functioning of Elektrociepłownia Stalowa Wola S.A. (“the Agreement”) within the “Constructing a CCGT unit in Stalowa Wola” Project.

The Agreement was concluded on 11 March 2011 by and between TAURON Polska Energia S.A., PGNiG S.A., PGNiG Energia S.A., Elektrownia Stalowa Wola S.A. and Elektrociepłownia Stalowa Wola S.A. Hence, the only condition precedent for the above Agreement has been fulfilled which the Company notified of in Current Report No. 9/2011 dated 11 March 2011.

With the Agreement becoming effective, both the Agreement on trading electricity concluded by and between TAURON Polska Energia S.A., PGNiG Energia S.A. and Elektrociepłownia Stalowa Wola S.A. which the Company notified of in Current Report No. 9/2011 dated 11 March 2011 and the Agreement on providing gas fuel concluded by and between PGNiG S.A. and Elektrociepłownia Stalowa Wola S.A. which the Company notified of in Current Report No. 9/2011 dated 11 March 2011 have become effective.

Article 56 section 1 item 2 of the Act on Public Offering – current and periodic information
 

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