Enea terminates deal with Bogdanka

Enea Wytwarzanie, included in Enea energy group, has terminated a long-term deal with miner LW Bogdanka, due to high price of coal, the firm informed. Bogdanka hopes for establishing a consensus with Enea, Parkiet daily reported citing the miner's CEO. "There is a chance. We have over two years to reach a compromise with Enea," Bogdanka's CEO, Zbigniew Stopa, told the daily. "If we cannot keep this deal, a new contract is in the cards, too," he added. In line with the contract, Bogdanka was supposed to deliver coal for power plant in Kozienice, operated by Enea from March 4, 2010 to December 31, 2025. The 15-year deal, signed in 2010, would be terminated with two years' notice, therefore it will end in January 2018. Zbigniew Stopa pointed out that the termination of the contract would cause a sales gap of 1 million tonnes of coal.