Will Alstom or Bechtel come to the rescue of Megadex?

Elektrim president Wojciech Janczyk claims that his company is negotiating with at least three potential investors on the sale of its subsidiary Megad ex, the general contractor in the investment in power plant ZE PAK, in which Elektrim also is a strategic investor. According to sources, only two compa nies, French Alstom and American Bechtel, are seriously interested in Megad ex. Either might take over the risk of the ZE PAK investment. "Strengthening the general contractor is the key to acquire further financing to complete construction," claims an anonymous representative of a consulting company. Recently, Janczyk was very optimistic about the chances of acquiring funds for the $400 million investment, but now conditions have deteriorated. "We have time until June. I cannot say that I am unhappy with the progress of n egotiations as EBRD and other banks might feel insulted," explained Janczyk. (Puls Biznesu, pp. 1, 5) M.M.