The contract for the supply of electrical power signed with ZAO Moldavskaya GRAS, which expires on March 31, was extended until June 30. Under the new contract conditions, the average purchase price of power as of April 1, 2020 for SA “Energocom” and the average supply price of electricity will be by about 9% lower than the average price applied based on the existing contracts that are valid until March 31, 2020, IPN reports.

In a press release, the administrant of SA “Energocom” says that ZAO Moldavskaya GRAS, in accordance with the technical, economic and financial criteria, is currently the only electric power producer that can independently satisfy all the power needs of the regulated power suppliers, distribution system operators and the transmission system operator in the respective period.

The contract was extended in accordance with the provisions of the Commission for Exceptional Situations’ order of March 24.