Elektrim strikes back against Treasury over PAK project

According to Elektrim representatives, the Treasury has been acting unfairly and it should bear the consequences of its decisions. Zygmunt Solorz, owner of Polsat and main shareholder in Elektrim, blames the Treasury for forcing the suspension of the long awaited investment in an additional power block, which was to be executed by Elektrim as part of the privatization agreement. The legal steps were a reply to a decision made by the Treasury to send a letter to Elektrim notifying the investor that as of end of March the deadline for completion of the project expires, and if the terms of the agreement are violated it can demand compensation. This means that the suspended project might cost Elektrim a fine of as much as zł.1.1 billion. (Puls Biznesu, pp. 1, 4) A.K.