Energomontaz Poludnie and Hölter eyeing zl.400 mn incinerator contract

Katowice-based construction company Energomontaz Poludnie and Hölter Technologies (HT), a company active in environmental protection, energy technology and waste combustion, are close to clinching a zl.400 million EBRD/World Bank-backed contract for the construction of a large waste incinerator in Russia, Puls Biznesu has learned. "We are negotiating a conclusion to the deal with the European Bank for Reconstruction and Development and the World Bank and hope to finish talks in April 2001," said Wojciech Tesarczyk, president of Hölter Polska, HT's Polish subsidiary. Under the initial conditions of the deal, Energomontaz Poludnie would be responsible for construction of the incinerator, while Hölter Technologies would supply technology and know-how. Energomontaz President Jerzy Wcislo declined to comment on details of the transaction, citing the domestic construction market's fiercely competitive climate. (Puls Biznesu, p. 13) A.Z.