IGN AB Ignitis Grupe

 
TIDMIGN 
 

AB "Ignitis grup " (hereinafter -- the Group) informs that its subsidiary AB "Ignitis gamyba" (hereinafter -- the Company) will ensure the availability of 250 MW capacity in the market in 2027 for approx. EUR 16 million, according to the results of the Polish capacity mechanism auction for ensuring capacity availability in 2027 (hereinafter -- the Auction) conducted by the Polish transmission system operator Polskie Sieci Elektroenergetyczne (hereinafter -- PSE). This will have a positive effect on the results of the Flexible Generation segment of the Group.

This is the first time in history where a bid of a Lithuanian company won a Polish capacity mechanism auction.

The auction results have been officially approved by the Polish energy regulator (Urz d Regulacji Energetyki). Full details of the Auction's results are available on the https://www.globenewswire.com/Tracker?data=3vUNnUllvuNFn3T3-D__MrOzoUwRFGD3D5i-rNSYluSWPt9VuGYlxprEXB4cihk4XEiu86ybsdJMr3xiIZaDwWjVpqVrArxjCef1rBhJn9eNzMOoSw6HSnf3WAYw62NpopMBpFPLI1j9Q1xMhHlsL2EDntMtaBG-g_Ii3QLsr7L8NYPE0dnB5XwTxNvy9Rd2 PSE's website. The Group will not issue a separate notification about the conclusion of a tripartite agreement between the Company, PSE and a billing operator Zarz dca Rozliczeń S.A. regarding a commitment to supply electricity to the electricity network during a stress event using a specific unit.

https://www.globenewswire.com/Tracker?data=VEkWtz90fkDQscWhmr_QbPvWjZBBVuy5E8_0dbFkOfgwRM6thYe7UkXadhMBbTY_kQhXrbIEh0moysCMd1GHkcGuxNDoax6jrLJk7bc_RzVX9a3t_8rfVBqY9fM_dSolr7UarlY8H6LGsyiJ6ecfm4ifJCTpQrR9NBnyOObOJ8ZD28fcnDNv-yXm5cy7hjiyFQEc5bFYVwV-MwaNVrsyJzfs2atpMmXbeMGipUe6XgE= The Group had announced about the tentative award of the Auction before.

For more information please contact:

Art ras Ketlerius

Head of Corporate Communications at Ignitis Group

https://www.globenewswire.com/Tracker?data=Uf-JSJ_YhNR3DVLmyjsI0xavSUflL5eU1aBPlUnQcL2b919iAILRDAbN326Jj1S--JRGLEvdWL51lfatPH9jdZRPw8WHn4h70mViVxpyNXsTf8mgoJUTBKlsCAXm2Txt_yxvrhPFTQ0jZqYf3O05jGASJ6cmt_FycZWcpOkhKlkfxsnx0iM9fS8uibnq0IdeDkuOhrHwYnaKKRS7ZVOq1c9QHbMLozXrT-wcC2DEMeAfExPg3b3livgxdClvw5yYT3j80aHpBY41gTVA9VbeBIP9-2IaeS4yAX1o5EhaZBnUzW-bhnxvkhjvZQHYLcnNAfQKfdEabvMPqLaseoBr9b4BXgICchoRNt-tkJLf4p0uNvzTgyGsgMAokniqxBt9rnv5Zt0Yo3vUHaozVjs594xmDGJ9lgdzm107VxTVvORjdF24IF5A6cqNwxxNpIrxCXeVIV52AID-92OwNO_unDIkNQdrt10zI435AD9Q57Rx14UdaimvwuHf9aGlwfIfzRGrcbch7G7EWNuc2TaKKw== arturas.ketlerius@ignitis.lt

+370 620 76076

(END) Dow Jones Newswires

January 10, 2023 10:10 ET (15:10 GMT)

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