Unipetrol - Long-term contract on lignite supplies
Annual lignite supplies will reach up to approximately 1 million tons, including fixed volume and optional volume. Based on its operational needs UNIPETROL RPA, s.r.o. may execute an option for supply of the optional volume. Yearly monetary value of delivered lignite during the contract's life will depend on development of ARA benchmark prices and foreign exchange rate of USD against CZK. As of the day of signing of the contract, the estimated value of the deliveries for 8 years 2014 - 2021 including options based on today's prices is approximately CZK 4.4 billion.
The contract is fully in line with Unipetrol Group Strategy 2013-2017 announced in June 2013. It follows the objectives of the Strategy which provides for further development of Unipetrol's existing business areas, in this case in terms of stable and reliable energy sources to secure Unipetrol's energy needs connected to planned development of the petrochemical segment.
In Prague, 12 November 2013
Reg. Announc. No. 23/2013
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Long-term contract on lignite supplies
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