ContourGlobal PLC Kosovo Announcement (9661Z)
December 20 2017 - 9:09AM
UK Regulatory
TIDMGLO
RNS Number : 9661Z
ContourGlobal PLC
20 December 2017
ContourGlobal plc
Kosovo Update
As previously anticipated, ContourGlobal and the Republic of
Kosovo have today signed project agreements constituting Commercial
Close for the construction of a new 500MW power plant, including
the Power Purchase Agreement, Lignite Supply Agreement, and other
related agreements. The agreements are subject to normal and
customary conditions precedent, including approval by
ContourGlobal's Board of Directors. The Government of Kosovo has
approved the agreements. Following this milestone, it is
anticipated that the project will reach financial close and begin
construction in late 2018 or early 2019.
This information is provided by RNS
The company news service from the London Stock Exchange
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