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Regarding termination of the electricity sale and purchase agreement

Reacting to the public information,  AB „INTER RAO Lietuva“ hereby announces that the electricity sale and purchase agreement concluded among AB „Ignitis gamyba“ and  AB „INTER RAO Lietuva“ on 28 July 2020, was terminated by the parties on 3 November 2020 according to the terms of the agreement – in case of the start of the testing / activity of the Belarusian nuclear power plant and decrease in the transmission capacity for the sale of electricity in Lithuanian – Belarussian cross border interconnections to 0 MW, the agreement is deemed to be terminated.

AB „INTER RAO Lietuva“ was aware of this clause when concluding the agreement and informs that it will not have a significant impact on the company‘s activities. (PDF)

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