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Żerań Heat and Power Plant. PGNiG Termika calls for payment of fines – there is a statement from Polimex Mostostal

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PGNiG Termika called on the consortium of Mitsubishi and Polimex to pay PLN 244.4 million in contractual penalties relating to the contract for the delivery and assembly of a gas and steam unit at the Żerań Heat and Power Plant in Warsaw – Polimex Mostostal reported in a stock exchange announcement.

The consortium includes: Polimex Mostostal (with a share of approximately 27%), Mitsubishi Power Europe GmbH based in Duisburg (consortium leader), Mitsubishi Power Ltd. based in Tokyo, Mitsubishi Power Europe Ltd. based in London.

As we read in the stock exchange announcement, on Friday the management board of Polimex Mostostal received from PGNiG Termika SA a copy of the debit note. “The original note was sent to Mitsubishi Power Europe GmbH demanding payment of PLN 244.4 million in contractual penalties resulting from the provisions of the contract for the delivery and installation of a gas and steam unit at the Żerań Heat and Power Plant in Warsaw,” it was indicated.

The penalties concern “the parameters and availability of the block”. The Żerań heat and power plant belongs to PGNiG Termika.

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“In the opinion of the issuer (Polimex – ed.), the sole reason for charging the above-mentioned contractual penalties is the failure of the steam turbine, which is part of the scope for which the remaining members of the consortium, excluding the issuer, are responsible for the performance of the contract. Notwithstanding the above, the company intends to support the consortium members in explaining the validity of the note,” Polimex Mostostal reported.

Drone view of the Żerań Heat and Power Plant (08/01/2021)Leszek Szymański/PAP

The payment date was indicated in the debit note as December 21, 2023.

“Quarrel in the state family”

Damian Kaźmierczak, member of the management board of the Polish Association of Construction Employers, referred to this information in an entry on X (formerly Twitter). He referred to the shareholder structure of Polimex Mostostal. One of the company’s shareholders is PGNiG Technologie Spółka Akcyjna with its registered office in Krosno.

“Another quarrel in the state family… The story is this: #Polimex, one of whose shareholders is a daughter company of PGNiG, is building, together with the Japanese, a gas and steam unit for another daughter company of PGNiG,” wrote Kaźmierczak.

“If two state-controlled entities (investor and contractor) cannot communicate, why do you need to have a contracting company? What is the point?” – He asked.

Main photo source: Leszek Szymański/PAP

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