Key Resolutions from AB Amber Grid's Extraordinary Meeting
Key Resolutions from AB Amber Grid's Extraordinary Meeting
AB Amber Grid is a prominent company, recognized for its essential role in energy infrastructure. This article delves into the significant resolutions adopted during a recent Extraordinary General Meeting, which shed light on the company's future directions and initiatives.
Modernization of the Jauni?nai Gas Compressor Station
A critical point of discussion was the approval for a contract concerning the design and construction services aimed at modernizing the Jauni?nai Gas Compressor Station. This project is a vital step towards enhancing the operational capabilities of this facility, which plays a crucial role in the region's gas distribution.
Details of the Contract
The company authorized a substantial contract with UAB MT Group, involving essential terms and responsibilities. The primary focus is on the installation and reconstruction of an electric gas compressor, an indication of the company’s commitment to improving its infrastructure. The total contract value is approximately EUR 37.4 million, which includes both the service fees and VAT.
Payment Structure
The contract outlines a defined payment structure that ensures financial clarity. Payments consist of a series of installments based on project milestones, such as the delivery of factory drawings, inspection approvals, and final certifications. This structured approach fosters accountability and timely progress monitoring throughout the project's duration.
Adjustment Mechanisms and Conditions
AB Amber Grid has instituted measures for potential adjustments in contractual terms, allowing for flexibility amid changing circumstances. These adjustments can arise from fluctuations in VAT rates, price index changes, or alterations in project scope. This mechanism guards the company’s interests and ensures adherence to legal procurement guidelines.
Implementation Timeline and Impact
With a final deadline to complete the project set at 42 months from the contract's effective date, the company remains focused on efficient execution. The resilience of the project timeline will be particularly beneficial, given the potential for weather-related and operational disruptions that could affect the project’s workflow.
Empowering Leadership Decisions
In conjunction with these developments, the meeting also authorized the CEO of AB Amber Grid to exercise discretion in finalizing contract terms. This includes negotiating potential adjustments to the contract price under specific legal frameworks, thereby streamlining the decision-making process at higher management levels.
Ensuring Regulatory Compliance
A significant prerequisite for the contract's initiation is obtaining necessary approvals from the National Energy Regulatory Council. This regulatory oversight ensures that all project implementations align with national energy policies and standards, further enhancing the credibility of AB Amber Grid’s operations.
Communication and Future Engagements
For ongoing updates and insights into project developments, interested stakeholders are encouraged to reach out to the Communication Project Manager, Dovil? Binkevi?ien?. She is available for queries and additional information regarding the company’s strategic initiatives.
Contact Information:
Dovil? Binkevi?ien?, Communication Project Manager,
Phone: +370 646 08174
Email: D.Binkeviciene@ambergrid.lt
Frequently Asked Questions
What was the main resolution during the meeting?
The primary resolution involved approving a contract for modernization at the Jauni?nai Gas Compressor Station.
Who is the contractor for the modernization project?
The contractor for this project is UAB MT Group.
What is the total value of the contract?
The total contract value is approximately EUR 37.4 million.
How is the contract price structured?
The payment is structured in phases based on project milestones, ensuring financial clarity and accountability.
What is the implementation timeline for this project?
The final deadline for completing the project is set at 42 months from the contract's effective date.
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