The following decisions were adopted in the Extraordinary General Meeting of Shareholders of
1) Regarding approval of
1.1. To approve the conclusion of the Contract for the availability of electricity generation facilities with the related party AB "Ignitis Gamyba" and to approve the following essential terms of the Contract:
1.1.1. Parties to the Contract –
1.1.2. Subject of the Contract – in accordance with the procedure established in this Contract, the Producer undertakes to provide the Operator with the service of availability of electricity generation facilities in accordance with the Order submitted by the Operator, and the Operator undertakes to pay the Producer for the provided service of availability of electricity generation facilities.
1.1.3. Price and (or) pricing – The maximum value of the contract is
1.1.4. Payment procedure – The Producer, in accordance with the Act agreed among the Parties, no later than within 1 (one) working day from the date of signing the Acts, issues and submits to the Operator a VAT invoice for the Equipment Availability Service provided during the expired Accounting Period. VAT invoices shall be issued on the date of the calendar month of the accounting period ended. The Operator, having received the VAT invoice issued by the Producer, shall pay it no later than by the last of the current month.
1.1.5. Term of validity of the Contract and other essential terms – the Contract concluded by the Parties shall enter into force from the date of its signing and shall be valid until
1.1.6. Performance assurance – a Party who fails to pay the received VAT invoices or make any other payments due to it in accordance with the procedure and within the time limits set out in this Contract shall pay interest at the rate of 0.04% (four hundredths of a percent) on the unpaid amount for each day overdue.
2.1. To approve the conclusion of the Contract for the availability of electricity generation facilities service with the related party AB "Ignitis gamyba" and to approve the following essential terms of the Contract:
2.1.1. Parties to the Contract –
2.1.2. Subject of the Contract – in accordance with the procedure established in this Contract, the Producer undertakes to provide the Operator with the service of availability of electricity generation facilities in accordance with the Order submitted by the Operator, and the Operator undertakes to pay the Producer for the provided service of availability of electricity generation facilities.
2.1.3. Price and (or) pricing – The maximum value of the contract is
2.1.4. Payment procedure – The Producer, in accordance with the Act agreed among the Parties, no later than within 1 (one) working day from the date of signing the Acts, issues and submits to the Operator a VAT invoice for the Equipment Availability Service provided during the expired Accounting Period. VAT invoices shall be issued on the date of the calendar month of the accounting period ended. The Operator, having received the VAT invoice issued by the Producer, shall pay it no later than by the last of the current month.
2.1.5. Term of validity of the Contract and other essential terms – the Contract concluded by the Parties shall enter into force from the date of its signing and shall be valid until
2.1.6. Performance assurance – a Party who fails to pay the received VAT invoices or make any other payments due to it in accordance with the procedure and within the time limits set out in this Contract shall pay interest at the rate of 0.04% (four hundredths of a percent) on the unpaid amount for each day overdue.
3.1. To authorize the chief executive officer of
More information:
Jurga Eivaitė
Communications Project Manager
+370 613 19977
jurga.eivaite@litgrid.eu
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