Unions voice concern over shareholder conflict at ZE PAK

The five trade unions present in the ZE PAK power plant have appealed to the shareholders in the company, namely the Treasury and Elektrim, to solve their growing conflict over the terms of building the second power station in Pątnów. According to the unions this threatens not only the existence of the power plant, but also two neighboring brown coal mines. One of the mines, KWB Konin, informed that 95-98% of it output is sold to the plant. Parkiet has acquired a document, according to which if the investment in Pątnów was not launched, then ZE PAK might go bankrupt and about 10,000 people would lose their jobs. The power plant has debts of zł. 100 million to four banks, as well as liabilities of zł. 140 million towards French Alstom and a consortium of Alstom and Rafako. If this was not enough, ZE PAK also has a EUR 32 million debt to Embud. (Parkiet, September 13-15, p. 1) M.M.