Rafako wins contract to build sulfur removal systems

According to Parkiet, the value of the contract is EUR 63 million, and is Rafako's largest deal signed in the for the past five years. The boards of both companies are to discuss details of execution of the contract next week. Publicly traded Rafako has offered a price lower by about EUR 5.5 million for the construction than its main competitor, Italian-based Lurgi. Compensation for the projects will be paid in installments over two and a half years. "It is a good contract. Both sides will benefit from it. I cannot disclose any more details at the moment," said Ryszard Kapluk, Rafako president. The company is also taking part in another tender for the construction of a power block at the same plant. In a consortium with Alstom Power, Rafako has offered EUR 750 million for the project. Its main competitor Mitsui-Hitachi has placed a bid for around EUR 1 billion. (Parkiet, p. 1) A.K.