Addendum no. 2 was concluded on March 28, 2025 and increases the contract value by RON10.4 million, which represents the value of additional technical assistance services provided by the subcontractor General Electric.
The other contractual provisions remain unchanged.
The conclusion of the Addendum was previously approved by the Board of Directors of ROMGAZ by Decision no. 19 of March 19, 2025.
According to a report filed by Romgaz with the Bucharest Stock Exchange on December 4, 2024, the Iernut power plant in Mures County, a project worth EUR269 million for a capacity of 430 MW, was due to be completed until June 30, 2025.
Started in 2016 and scheduled for completion in 2019, the Iernut power plant has turned into a troublesome project because the finalization of the investment was affected by legislative changes, the Covid-19 pandemic and the financial problems faced by Duro Felguera, the Spanish company with which Romgaz had signed a RON345 million contract in spring 2023 to complete the new thermoelectric power plant.