Gas Compression and Distribution
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Decisions adopted in the Extraordinary General Meeting of Shareholders of AB Amber Grid
Globenewswire· 2025-09-10 13:05
Core Points - The Extraordinary General Meeting of Shareholders of AB Amber Grid approved a contract for the design and construction of an electric gas compressor at the Jauniūnai Gas Compressor Station, with a total contract price of EUR 37,418,040.00 including VAT [1][2]. Group 1: Contract Details - The contract is between AB Amber Grid and UAB MT Group, with a contract price of EUR 30,924,000.00 excluding VAT and EUR 6,494,040.00 VAT [2]. - Payment terms include 60% payment upon factory drawing approval, 30% upon delivery and inspection, and 10% upon receipt of the Construction Completion Certificate [2][3]. - The contract price is fixed but subject to review based on VAT changes and price level indexation, with adjustments applicable only after specific conditions are met [3][4]. Group 2: Performance and Conditions - The deadline for completing the works is set for 42 months from the contract's effective date, with provisions for extensions under certain circumstances such as adverse weather or client-related delays [5][6]. - A performance guarantee of 10% of the contract price excluding VAT is required, and the contract will only enter into force upon approval from the National Energy Regulatory Council [6][7]. - The CEO of the company is authorized to conclude the contract and make adjustments to the contract price within specified limits without further board approval [7][8].