The dominant figure in the Czech Ministry of Finance over the last decades, Eduard Janota, has died. He will be most frequently remembered as the man who framed the national budgets but reached the top in 2009 when he became Finance Minister in the caretaker government of PM Jan Fischer.
Czech Minister for Industry and Trade Martin Kocourek has warned the European Commission about overstepping its powers at the start of a European nuclear energy forum in Prague. The Czech minister warned that Brussels cannot dictate what energy mix individual counties can choose as new nuclear safety rules are negotiated.
A feasibility study into the technical limitations for expanding the Temelín nuclear power plant shows offers from all three bidders are in the running. The report is being interpreted as particularly good news for French company Areva, which has the biggest capacity reactors on offer.
A deal between the Environment Ministry and Ministry of Finance has banished the prospect of Czech energy companies paying billions of crowns to buy emissions allowances from 2013. State-controlled power company ČEZ is the biggest winner from the agreement.
A new government proposal aims to create some sort of order around the expansion of renewable energy in the country by setting annual limits for the development of different energy sources. Opponents of the move say it’s laughable to describe it as “support” for renewables since the aim is clearly the opposite.
Power companies believe they have seen off the threat of a Kč 48 billion bill for emission allowances from 2013 masterminded by the Ministry of Finance to curb the impact of electricity price rises caused by solar power. The ministry itself seems to have forgotten about the far-reaching plan, as power producers prepare to apply for “free” allowances under an EU deal.
Czech state-controlled power giant ČEZ beat analysts' forecasts for first quarter profit and is boosting production to cash in on power shortages and high prices in Germany and the rest of Europe following the Fukishima nuclear accident.
The deadline for a feasibility study into whether ČEZ and the Slovak state go ahead with a new nuclear reactor in Slovakia has been pushed back until the start of 2012. Even if it is approved, power production at the plant could be delayed by stricter European safety rules.
State-owned electricity producer ČEZ plans to install 50 recharging points for electric cars at various locations across the Czech Republic this year and 200 by 2013 as part of its plans encourage sales of such vehicles. ČEZ says it will provide the electricity with large subsidies to limit costs for consumers.Vehicle manufacturer Peugeot will provide the electric cars.
State-controlled power utility ČEZ is seeking to offload three of its administrative buildings, preferring to rent than own, but some sale conditions — and a legal battle in the background — signal that the properties may sell at below market price. Speculation is swirling that one interested bidder is an investor with close links to ČEZ management, who is pursuing the deal through an offshore company.