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AB Ignitis gamyba approved Kruonis Pumped Storage Hydroelectric Powerplant expansion plan London Stock Exchange:IGN

Regarding AB Ignitis grupė issue of guarantee to fulfil obligations of its owned company UAB VVP Investment London Stock Exchange:IGN

Lithuanian We inform that on 17 February 2021 the Board of AB “Ignitis grupė” (hereinafter – Company) approved to issue a guarantee to Nordex Lithuania GmbH of up to 55.097m euros (hereinafter – Guarantee). The Guarantee will guarantee that UAB “VVP Investment” (hereinafter – VVP), controlled by UAB “Ignitis renewables”, which is a subsidiary of the Company, will fulfil the obligations according to the 23 November 2020 agreement between VVP and Nordex Energy SE & Co. KG for wind turbine supply, construction and maintenance services provided for Mažeikiai wind farm (hereinafter – the Agreement) (more information here).  It must be noted that VVP, Nordex Energy SE & Co. KG and Nordex Lithuania GmbH concluded an agreement according to which Nordex Lithuania GmbH took over rights and obligations from Nordex Energy SE & Co.KG according to the Agreement from 12 January 2021.

AB Ignitis grupė received the Letter of Expectations London Stock Exchange:IGN

AB Ignitis grupė received the Letter of Expectations revised by the Ministry of Finance London Stock Exchange:IGN

ESO, subsidiary of AB Ignitis grupė , established a tender ranking of the procurement of smart metering infrastructure London Stock Exchange:IGN

  AB “Ignitis grupė” (hereinafter – Company) informs that its subsidiary AB “Energijos skirstymo operatorius” (hereinafter – ESO) on 9 February determined the tender ranking of the participants (hereinafter – Tenders) of the procurement of smart metering infrastructure (hereinafter – Procurement) and established that the participant with the most economically advantageous Tender is Sagemcom Energy & Telecom SAS (hereinafter – Successful Participant). Final Tenders were provided by three participants (hereinafter – Participants). The ranking of Tenders was determined after evaluating them based on economically advantageous points: Sagemcom Energy & Telecom SAS, the value of this tender is EUR 77.301.659,27 without VAT. Supplier group Landis+Gyr (Group consists of Landis+Gyr Oy; Landis+Gyr A.E; Landis+Gyr S.A.S);

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