Polish boiler maker Rafako scraps bankruptcy filing plan (updated)

Rafako SA w upadlosci

09/02/2023 13:57

(Adds details, background)
       GDANSK, Feb 9 (Reuters) - Polish boiler maker Rafako
 RFK.WA  said on Thursday it was abandoning earlier plans to
file for bankruptcy after several favourable changes to its
situation.
    Rafako cited recent developments relating to its dispute
with Polish utility Tauron's  TPE.WA  production unit over the
construction of a coal-fired power plant in Jaworzno.
    Both firms said on Tuesday they had agreed to refrain from
pursuing respective claims over the building of the plant until
March 8 and to work on reaching a final settlement by then.
    In January, Rafako said it was planning to file for
bankruptcy, a day after Tauron  TPE.WA  demanded 1.3 billion
zlotys ($295 million) from a consortium including Rafako which
was responsible for building the Jaworzno plant.
    Tauron had said it was faulty.
    Rafako subsequently filed counter-claims against Tauron and
disputed its claims for damages and fees. The boiler-maker was
concerned they could impact its ability to conduct business
operations and find to an investor.
($1 = 4.4006 zlotys)  
 (Reporting by Karol Badohal, Mateusz Rabiega and Patrycja
Zaras; Editing by Tomasz Janowski and Alexander Smith)
 ((karl.badohal@thomsonreuters.com; +48 58 769 65 97;))