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On 18.12.2017 Siemens signed a contract with Nizhnekamskneftekhim owned by TAIF Group for building 495 MW natural gas fired combined cycle power plant on a turnkey basis in Tatarstan. The contract amount is EUR 350 million and under the cooperation agreement with Siemens, ENKA's share as the EPC contractor is about EUR 245 million. The power plant is expected to be operative in May 2021. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.