Politics & Policy|Energy & Green Biz
István Léko|11.07.2012

Why Czech strategic fuel reserve body ‘special accounts’ remain secret

The Supreme Audit Office (NKÚ) has said that to comply with the government’s request to check the books of the Administration of State Material Reserves (SSHR) would be futile, even if it had the full capacity to do so. PM Petr Nečas’ cabinet wants state auditors to investigate the controversial extra-budgetary “special accounts” — but the NKÚ has already made clear the SSHR buys high and sells low with impunity, and MPs have de facto legitimized the practice. 

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Companies|Energy & Green Biz
Brian Kenety|04.07.2012

Hungarian MOL buys Czech PAP Oil stations

Hungarian oil and gas major MOL Group has announced it will buy Bohemia Realty and PAP Oil, two companies that own and operate 124 filling stations under Pap Oil brand in the Czech Republic (with a 4% retail market share) for an undisclosed price.

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Markets & Finance|Companies|Energy & Green Biz
Brian Kenety|27.06.2012

ČEZ sell-off of coal-fired plant(s) ‘satisfies’ EC, may draw new bidders

News that Prague-listed utility ČEZ will sell one or two coal-burning power plants with a capacity of 800–1,000 MW in a bid to end a European Commission probe into suspected anti-competitive behavior (and in line with plans to divest from carbon-emitting power generation capacity) has been welcomed by the markets. State-controlled ČEZ — which denies any wrongdoing — had faced a fine of up to 10 percent of its 2008 global turnover of $5.2 billion.

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Companies|Energy & Green Biz
Brian Kenety|21.06.2012

Czech Coal boss breaks media silence, says ČEZ will sell him power plants

Czech billionaire Pavel Tykač, the owner of leading lignite miner Czech Coal, said in an interview for the daily Mladá fronta Dnes published Thursday — his first in 15 years — that no other party, including rival Energetický a Průmyslový Holding (EPH), will outbid him for state-c0ntrolled utility ČEZ’s coal-fired Počerady and Chvaletice plants.

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Companies|Energy & Green Biz
Brian Kenety|19.06.2012

ČEZ green light on Energotrans, Mibrag deals ‘positive’

The markets have welcomed the Czech antimonopoly office’s (ÚOHS) approval of Prague-listed power utility ČEZ’s acquisition of the Energotrans heating plant from energy group EPH. Regulators had launched a detailed long-term probe into the deal, part of a larger asset agreement between ČEZ and EPH, on concerns that it could increase ČEZ’s grip of the electricity production market beyond an acceptable level.

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Companies|Energy & Green Biz
Brian Kenety|18.06.2012

EPH may tap Mibrag supplies following Czech Coal cut-off

Czech energy group Energetický a Průmyslový Holding (EPH) is considering using coal from its Mibrag mine in Germany keep its Elektrárny Opatovice power station running following the withdrawal of mining company Czech Coal from a supply contract, the daily E15 reported on Monday.

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Companies|Energy & Green Biz
Brian Kenety|11.06.2012

NWR seeks Polish partner to develop Dębieńsko mine: report

Prague-listed energy group New World Resources (NWR) is looking for a partner from within the Polish mining sector to help develop its Dębieńsko mine project, the Polish daily Parkiet reported on Monday.

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Companies|Energy & Green Biz
Brian Kenety|07.06.2012

EPH claims Czech Coal supply contract termination ‘unjustified’

Energy group Energetický a Průmyslový Holding (EPH) has called the withdrawal of mining company Czech Coal from a contract to supply the former’s Elektrárny Opatovice power station with lignite “unjustified,” rejecting claims that it failed to make payments for supplies.

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Companies|Energy & Green Biz
Brian Kenety|05.06.2012

Poland to sell 100MW plant to Czech Energo-Pro

Poland’s Treasury Ministry announced on Tuesday it has agreed to sell the nearly 100 megawatt hydropower Niedzica plant to the Czech utility Energo-Pro, with the transaction expected to be finalized in the first half of 2013.

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Companies|Energy & Green Biz
Chris Johnstone|01.06.2012

Brussels rebuffs ‘free’ Czech carbon allowances bid

Chunks of a Ministry of Environment–piloted bid to reward Czech power companies, primarily state-controlled ČEZ, with free carbon emissions allowances in return for investments in cleaner electricity production have been rejected by Brussels officials with another problem stemming from concerns that Czech bid will excessively boost ČEZ’s market position.

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