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3.85 MEUR contract with Elektroprivreda Company in Bosnia & Herzegovina 13 october 2004

A consortium of RAFAKO S.A. (leader) and ELWO S.A. (daughter company) signed a contract

A consortium of RAFAKO S.A. (leader) and ELWO S.A. (daughter company) signed a contract for electrostatic precipitator delivery to Tuzla CHP Plant in Bosnia and Herzegovina. The contract should be completed by March 2006.

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