To various information recently published in the media about the future operation of thermal power plants Rio Mayo and Gobernador Costa, Genneia want to expose various points in public opinion to clarify the situation. For eight years (2011) ago, the province of Chubut does not meet your payment obligations. Alone, over this period, they were paid three transactions. After six years of claims in August 2017, Genneia terminated the contract, intimating to the province to receiving plants. Chubut, in October 2018, agreed to sign the termination of the contract with Genneia. In the same: • the province was forced to receive the central and all staff, with labor the same conditions and seniority, February 28, 2019. • the province was forced to pay current debt Genneia at the end of that the company could meet the maintenance of equipment stipulated in the agreement, which embodiment supeditó expressly that cesare province in a state of default. Days before the transfer agreed the provincial ENRE suspended it and He requested 60 days for delivery of the plants. Although no longer earning income, Genneia continued to provide services and abided de facto suspending the transfer. During that period there was by any proposals for the province take care of their obligations and, worse, began to be claimed million dollar fines out of context, citing alleged deficiencies of the service, and without considering that the company endured for more than 8 years the operation of the central paying their employees, their gas suppliers and taxes derived from the activity. this alleged fine ever he was in the negotiating table until his surprise appearance Chubut in the media last week. Without receiving responses from the province, he was forced to Genneia recourse to the Superior Court of Chubut, in late request that order the province to receive the central and issued judicial measures relevant to force her to confront the sums necessary to pay the execution of maintenance. Genneia is waiting for a resolution of the Tribunal. Today, the situation is in a recess until 2 May, day on which the parties will meet again at a hearing with the Supreme Court of Chubut. We continue to believe that Genneia, over the last 8 years, became charge of this situation under his detriment exclusive, maintained the service, jobs and the will to reach a solution through agreements and consensus, all this despite the complete lack of compliance part of the province. Alfredo Bernardi Manager of Institutional Relations and Sustainability GENNEIA Nicolas Repetto 3676, 3rd floor, Olivos, Buenos Aires, Argentina Tel: (+ 54-11) 6090 3235 Mail: alfredo.bernardi@genneia.com.ar
