Elektrim Megadex finds new partner to complete PAK II power station

SNC Lavalin International, a leading Canadian engineering and construction company, is a potential candidate to cooperate with Elektrim Megadex (EM), a subsidiary of publicly listed Elektrim, to construct the additional power b lock in Pątnów Adamów Konin (PAK) power plant group. "I hope we will finali ze the negotiations within a couple of weeks," said SNC deputy president Ro nald Denom. Initially, the contract was estimated to be worth EUR 377 milli on, and that is why PAK signed a credit contract with Citibank, West LB and the European Bank for Reconstruction and Development for $392 million. Howe ver, in May last year the consortium broke off the contract, because it cla imed EM's parent company was in a poor financial condition. "After winning the contract we plan to resume construction work in Pątnów and finalize it in cooperation with Megadex," said Denom, emphasizing that Megadex is a good and a reliable partner. (Parkiet, p. 1) A.K.