ESTAR (EST): Extraordinary announcement - raport 76

Raport bieżący nr 76/2019

Podstawa Prawna:
ENEFI Energy Efficiency Plc hereby informs its Honourable Investors on the basis of the

notification from the Romanian operations as follows:

In the lawsuit of the affiliate of ENEFI in Gheorgheni (CDR) against the Municipality of Gheorgheni

for compensation of damages the declaration of the local price-control authority (ANESC) made in the

lawsuit completely supported the standing point of CDR and requested the refusal of the application

submitted by the Municipality against the decision of the price-control authority. ANRSC had


previously positively judged the district heating price recommended by CDR which was not contested

by the Municipality at that time, however the price was not approved in spite of their statutory

obligation. The Municipality is trying to contest the decision of the price-control authority years later

now, without any legal basis.

Amongst others ANRSC emphasised that the documentation supporting the district heating price

previously submitted by CDR and the documents additionally required by ANRSC were analysed

professionally in particularly complex proceedings during the period of 5 months so the reference of

the Municipality to fraudulent action of CDR misleading the authority is unfounded. ANRSC declares

that the Municipality is trying to mislead the court claiming that ANRSC had approved the price

although this is the responsibility of the Municipality when it would have been entitled to approve

even a price lower than the price assessed by ANRSC under reasonable conditions. It also highlights

that the elements objected by the Municipality only constitute very low, 1.27% + 1.57% of the price.

According to the opinion of the Company, the Municipality conducts an expressly vexatious suit

absurdly simultaneously referring to previously having accepted the district heating price and also to

not having accepted it because the rate thereof was unfounded, objecting the positive judgement

decision of ANRSC. Nevertheless the Municipality is putting itself in an awkward situation by its own

contradicting statements in front of the authorities as well as the population since it may well be asked

in this case, why the price determined by the same price-control authority with the same positive

judgement expressly made in favour of CDR was still approved in February 2016 after the

termination; on what basis the internal organisation service provider of the Municipality has been

invoicing to CDR with this determined price since 09/03/2017 till now without the permit of the pricecontrol

authority and on what basis the internal organisation of the Municipality supports the cost

elements constituting part of the price if it had neither investments nor raw material and other costs

equivalent to CDR.

CDR is certain to be right and the Company sees that the vexatious suit will finally prove to be

counterproductive in front of the authorities and the courts and the Company also trusts that CDR will

successfully enforce its lawful claims.

The suit shall be continued in September.

DataImię i NazwiskoStanowisko/FunkcjaPodpis
2019-09-02Csaba SoósBoard of Directors






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