Issuance of a debit note to the consortium implementing the construction of unit No. 7 at the Turów Power Plant
With reference to current report 33/2022 of 26.05.2022, the Management Board of BUDIMEX S.A. informs that on 30 October 2024 it received from PGE Górnictwo i Energetyka Konwencjonalna S.A. (the “Ordering Party”) a debit note in the amount of PLN 356,855,460.67, issued by the Ordering Party for the consortium of Mitsubishi Power Europe GmbH, Tecnicas Reunidas S.A. and Budimex S.A. (the “Consortium”), which implemented the project involving the design and construction of a turnkey power unit in the Contracting Authority’s Branch Turów Power Plant (the “Contract”). The note was issued to the above-mentioned members of the Consortium as joint and several debtors. The basis for the issuance of the above-mentioned debit note by the Contracting Authority is the liability questioned by the Consortium for failure to remove defects in the delivered technological equipment and construction works on time. The Management Board of Budimex S.A. considers the calculation of the above-mentioned penalty by the Contracting Authority to be unjustified, and the above-mentioned debit note will not be included in the books of Budimex S.A. Budimex S.A.’s share in the Consortium is 23.58%. At the same time, the Management Board of Budimex S.A. informs that as part of its participation in the Consortium, it is not responsible for the supply of key technological equipment.
