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ContourGlobal PLC M&A Activity 2017

Dec 20, 2017

9182_bfr_2017-12-20_a6cef6a4-0e83-4c3f-940b-f6d23e0cb694.html

M&A Activity

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National Storage Mechanism | Additional information

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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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