Grupa Azoty Puławy has decided to issue and deliver a debit note to the Contractor of the 100 MWe coal-fired power unit project (the Polimex Mostostal S.A. consortium) for over PLN 239 million as a contractual penalty for the termination of the contract due to reasons attributable to the Contractor.
At the same time, Grupa Azoty Puławy is holding discussions with the Contractor in pursuit of an amicable resolution to the dispute, aiming for the successful completion of the project. An inventory assessment is also underway to determine the current status of project implementation. While safeguarding the Company’s contractual interests, Grupa Azoty Puławy is obligated to demand the contractual penalty from the Contractor for the contract termination.