Poland's Rafako to file for bankruptcy after Tauron's damages claim

Rafako SA w upadlosci

12/01/2023 10:51

WARSAW, Jan 12 (Reuters) - Polish company Rafako
 RFK.WA  said on Thursday it was filing for bankruptcy a day
after Tauron  TPE.WA  demanded 1.3 billion zloty ($298 million)
in damages and penalty fees from Rafako's consortium that built
a 910 megawatt (MW) power unit that Tauron deems faulty. 
    The company questions Tauron's claims, but is afraid they
could impact its ability to conduct business operations and find
an investor it is seeking, it said in a statement. 
    Rafako's shares were almost 30% down at 1041 GMT. 
($1 = 4.3620 zlotys)
 (Reporting by Anna Koper; Editing by Alison Williams)
 ((anna.koper@thomsonreuters.com; +48 22 104 25 24; Reuters
Messaging: anna.koper.reuters.com@thomsonreuters.com))