Rafako-Alstom and Elektrim Megadex: euro 100 million

The consortium of Rafako and Alstom companies has signed a letter of intent with Elektrim Megadex for the construction of a power unit at the Patnow power plant, an investment of euro 100 million. During the next three years the companies will undertake 45% of the work related to the project, thus earning euro 45 million. The contract covers the development of plans, supply and assembly of equipment. It will be the first power unit with ultra-critical parameters in Poland. The companies will soon agree on providing the investment with additional external financing sources, according to representatives of Rafako and Elektrim. Rafako is planning to increase its revenues this year by at least 10%. However, profits will be more difficult to improve, according to company president Ryszard Kobylka. Rafako has thus far completed construction of two power station facilities and is currently building another two.(Parkiet, p.4) M. S.-C.