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Transactions related parties EFSA CEO

13th May 2022 07:11

RNS Number : 4155L
Societatea Energetica Electrica SA
13 May 2022
 

To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 12 May 2022

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)

 

Significant events to be reported: Transactions with related parties according to Art. 108 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica) with Complexul Energetic Oltenia (CEO)

Electrica informs its shareholders and investors about the conclusion, on 10 May 2022, of several transactions between EFSA, Electrica's subsidiary, with CEO, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 12 October 2021 - 10 May 2022 exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2020, respectively exceeds the value of RON 206,175,420.

Details regarding the transactions concluded on 10 May 2022, together with the rest of the transactions already concluded in the period 12 October 2021 - 10 May 2022, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

 

CEO

Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by EFSA with CEO in the period 12 October 2021 - 10 May 2022 of the kind listed in Art. 108 of Law No. 24/2017

Agreement Type and No., execution date

Scope of transactions

Amount

(RON th.)

Date of entry into force

Expiry date

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

Seller:CEO

Buyer: EFSA

Contract no. 417/CEO /25 Feb 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

25 February 2021

31 December 2022

1,944

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 972 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 972 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 436/CEO /25 Feb 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

25 February 2021

31 December 2022

1,944

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 972 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 972 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 612/CEO /17 Mar 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

16.64

17 March 2021

31 December 2022

3,888

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,944 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,944 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 795/CEO /1 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

16.64

1 April 2021

31 December 2022

4,033.15

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,016.58 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,016.58 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 992/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,213.86

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,106.93 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,106.93 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 993/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,220.19

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,110.10 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,110.10 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 994/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,212.85

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,106.42 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,106.42 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 995/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,220.34

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,110.17 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,110.17 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 996/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,195.28

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,097.64 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,097.64 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 997/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,194.49

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,097.24 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,097.24 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 998/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,220.34

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,110.17 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,110.17 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 999/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,200.39

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,100.20 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,100,20 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1000/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,194.27

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,097.14 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,097.14 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1001/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.32

26 April 2021

31 December 2022

2,208.96

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 1,104.48 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 1,104.48 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1855/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.10

26 August 2021

31 March 2022

8,080.70

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,040.35 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 4,040.35 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1856/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.10

26 August 2021

31 March 2022

8,077.54

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,038.77 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 4,038.77 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1857/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.10

26 August 2021

31 March 2022

8,080.85

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,040.42 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 4,040.42 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1858/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

2.05

26 August 2021

31 March 2022

4,032.43

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,016.22 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,016.22 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1859/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

2.05

26 August 2021

31 March 2022

4,033.58

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,016.79 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,016.79 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1860/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

2.05

26 August 2021

31 March 2022

4,033.87

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 12,016.94 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,016.94 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 1861/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

2.05

26 August 2021

31 March 2022

4,034.81

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,017.40 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,017.40 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2103/CEO /8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.19

8 October 2021

31 December 2022

4,433.98

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,216.99 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,216.99 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2104/CEO /8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.20

8 October 2021

31 December 2022

4,432.46

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,216.23 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,216.23 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2105/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.20

8 October 2021

31 December 2022

4,434.77

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,217.38 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,217.38 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2106/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

4.20

8 October 2021

31 December 2022

4,434.98

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 2,217.49 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 2,217.49 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2107/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.39

8 October 2021

31 December 2022

8,895.17

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,447.58 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 4,447.58 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2108/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.39

8 October 2021

31 December 2022

8,865.50

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,432.75 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 4,432.75 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2109/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

8.39

8 October 2021

31 December 2022

8.870,54

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,435.27 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 44,435.27 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2152/CEO/18 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

11,413.55

18 October 2021

31 March 2022

7,611.19

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 3,805.60 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 3,805.60 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 2153/CEO/18 Oct 2021, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

11,425.00

18 October 2021

31 March 2022

7,618.82

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 3,809.41 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 3,809.41 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 427/CEO/7 Mar 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

73,825.78

7 March 2022

31 December 2023

12,135.74

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 6,067.87 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 6,067.87 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 683/CEO/1 Apr 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

80,163.64

1 April 2022

31 December 2023

13,177.58

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 6,588.79 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 6,588.79 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 875/CEO/10 May 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

50,404.16

10 May 2022

31 December 2023

8,285.62

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 4,142.81 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 4,142.81 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 877/CEO/10 May 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

102,831.89

10 May 2022

31 December 2023

16,903.87

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 8,451.94 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 8,451.94 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 878/CEO/10 May 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

100,834.61

10 May 2022

31 December 2023

16,575.55

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 8,287.78 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 8,287.78 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 879/CEO/10 May 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

100,930.09

10 May 2022

31 December 2023

16,591.25

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 8,295.62 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 8,295.62 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Contract no. 880/CEO/10 May 2022, awarded through PCCB-LE-Flex auction

Sale and purchase of electricity

98,448.38

10 May 2022

31 December 2023

16,183.30

Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount.

Compensation of RON 8,091.65 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO.

Additional compensations of RON 8,091.65 th., in case of cancellation

Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice.

During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.

Seller:EFSA

Buyer: CEO

C 1317 / 23 Nov 2011 -

Isalnita

AA no 7 / 02 Dec 2020 -

Isalnita

C R40 / 24 Jan 2011 -

Chiscani

AA no 8 / 29 Mar 2019 - Chiscani

Re-invoicing - pensioners energy quota

Equivalent value of electricity granted to individuals benefiting from the provisions of GD.1041/2003 and GD.1461/2003

5.52

23

November

2011

During the period GD 1041/ and GD 1461/2003

N/A

0.1% of the amount of the settlement invoice for each day of

hardening, including the day of payment. The amount of penalties cannot exceed the value of the settlement invoice

The invoice is issued until the 15th of each month, with the date of issue the last calendar day of the previous month.

Payment is made within 30 days of issuing the invoice.

 

Total executed amount during 12 October 2021 - 10 May 2022: RON 630,478.23 th

Due and not due mutual receivables of EFSA to CEO at 09.05.2022: RON 0 th.

Due and not due mutual debts of EFSA to TEL at 09.05.2022: RON 20,544.52 th.

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