Market News


CTE Iernut Contract suspension of the Notice of termination

Release Date: 4/9/2021 11:31:05 AM

IRIS Code: 8F398


In compliance with Law no. 24/2017 regarding Issuers of Financial Instruments and  Market Operations  and A.S.F. Regulation no. 5/2018


Report date: April 9, 2021

Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County – Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)



Significant event to be reported:


·     Suspension of the notice of termination of the Public Procurement Contract No. 13384/2016 for performing the turnkey project Development of Iernut Power Plant by Building a New 430 W power plant, with Combined Cycle Gas Turbine concluded between S.N.G.N. ROMGAZ S.A as Purchaser and Consortium consisting from DURO FELGUERA S.A. and S.C. ROMELECTRO S.A. as Executor


In compliance with the provisions of Law No. 24/2017 and art. 234 paragraph 1 of F.S.A. Regulation No.5, S.N.G.N. ROMGAZ S.A. informs its shareholders and investors on the fact that, on April 8, 2021, at the Executor’s request, it suspended for 14 days the notification on termination of Works Contract No. 13384/2016, for the Development of CTE Iernut, through the construction of a 430 MW thermal power plant, with a combined cycle with gas turbines.

While the contract termination notification is suspended, the Executor shall submit an actual proposal as regards finalizing works and putting the investment into service as soon as possible and SNGN ROMGAZ SA shall analyse the proposal and reply with an answer.


Chief Executive Officer,

Aristotel Marius JUDE




Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved