Profil:
Polimex Mostostal SACourt decides to discontinue proceedings regarding Polimex-Kogeneracja contract
Listed power and heat utility Kogeneracja has received a decision from the Regional Court in Wroclaw regarding the discontinuation of proceedings in the case brought by the listed builder Polimex consortium concerning the establishment of a legal relationship and amendment of the contract for the construction of a gas and steam power plant for Wroclaw Cogeneration Power Plant Complex, Kogeneracja said in a market filing.
As stated, the amendment to the agreement requested by Polimex concerned an increase in the contractual remuneration by PLN 343.93 million (EUR 80.8 mln) net, i. e. PLN 423.03 million (EUR 99.4 mln) gross.
"The parties will continue mediation on claims related to the date of performance of the agreement," Kogeneracja said in the market filing.
The Regional Court's decision to discontinue the proceedings is a consequence of the conclusion of a settlement and the signing of an annex on the increase of the contractual remuneration by PLN 157.5 million (EUR 37 mln), which amicably ended the dispute between the parties.
The Polimex consortium consists of listed builder Polimex Mostostal and its energy sector construction unit, Polimex Energetyka.
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