DUON Dystrybucja to supply gas to ZE PAK's CCGT unit
DUON Dystrybucja concluded a 5-year agreement with PAK CCGT sp. z o.o., a subsidiary of ZE PAK S.A., to supply gas fuel to a combined cycle gas turbine (CCGT) unit located in Turek.
Deal Analysis
- 5-year gas supply agreement ensures long-term fuel security for ZE PAK's CCGT unit.
- Involves ZE PAK, a Polish energy company actively transitioning to renewable energy.
- Supports the displacement of coal-fired power generation with natural gas.
- Located in Poland, a country undergoing significant energy transition.
Source Intelligence
The agreement was concluded for a period of five years. After its expiry, if neither party terminates their cooperation, the agreement will be automatically extended for another five years. Settlements between the parties under the agreement will be based on the gas market indices of the Polish Power Exchange (TGE), i.e. the TGEgasID index (intra-day gas market) and the TGEgasDA index (day-ahead gas market).
"We are pleased to announce that we advised DUON Dystrybucja sp. z o.o. in connection with the conclusion of an agreement with PAK CCGT sp. z o.o., a subsidiary of ZE PAK S.A., ensuring the supply of gas fuel to a combined cycle gas turbine (CCGT) unit located in Turek."
"We are pleased to announce that we advised DUON Dystrybucja sp. z o.o. in connection with the conclusion of an agreement with PAK CCGT sp. z o.o., a subsidiary of ZE PAK S.A., ensuring the supply of gas fuel to a combined cycle gas turbine (CCGT) unit located in Turek."
"We are pleased to announce that we advised DUON Dystrybucja sp. z o.o. in connection with the conclusion of an agreement with PAK CCGT sp. z o.o., a subsidiary of ZE PAK S.A., ensuring the supply of gas fuel to a combined cycle gas turbine (CCGT) unit located in Turek."
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