Rafako signs EUR 180 million deal with Alstom

The boiler for the block will be delivered by publicly listed Rafako which will receive around EUR 180 million for its services. "The contract we signed with Alstom will represent about 50% of annual revenues for four years. We were short of one such big contract in our portfolio. This one will definitely allow us to obtain much better financial results," announced Rafako president, Ryszard Kapluk. Thanks to the deal, the company's share price yesterday rose by 5.7% to reach zł.13.95. The works to fulfill the contract will be one of the largest in the national energy sector seen for several years, and is due to be completed by 2009. (Parkiet, p. 5) A.K.