Czech President Václav Klaus will appoint the prominent economist Lubomír Lízal to the board of the Czech National Bank (ČNB) on Feb. 8 in place of Robert Holman, whose six-year mandate expires on Feb. 13, a well-placed source who requested anonymity told Czech Position. ČNB board member Pavel Řežábek, whose mandate is also expiring, will be appointed by Klaus to another term.
Czech Coal is in talks with electricity operator ČEPS to clear the way for the brown coal miner to build a new Kč 30 billion coal-fired plant in Northwestern Bohemia with a capacity of more than 1,300 MW — but first needs guarantees that it can have access to high-voltage lines, possibly including capacity now in use by ČEZ, the state-controlled power utility, at its Počerady plant.
Five European carbon registries can reopen Friday, as the EC has finalized its review of the first reports from EU ETS national registries about the adequacy of security measures following the theft of millions of EUAs from the Czech Republic and other countries by computer hackers. But the Czech OTE will remain closed for weeks to come and has asked the EC DG Climate Action to reconsider opening registries in the UK and Germany as doing so ‘threatens’ the ongoing police investigation.
Czech state-controlled power utility ČEZ is looking to exit the Turkish market, and intends to sell its stake in a joint venture there to its partner, Akenerji, if the price is right, a well-placed source tells Czech Position; Deloitte is advising ČEZ on the deal.
Electricity market operator OTE — the company running the Czech carbon emission registry that was hacked by thieves last week, causing the European Commission to halt trading at 30 registries throughout Europe — announced late Thursday it would be not resume spot-market trading of emissions allowances for at least six more weeks. The move followed news earlier in the day that ČEZ had 700,000 EUAs worth some €10 million stolen from its account.
Czech energy giant ČEZ has detected two unauthorized CO2 emission permit transfers that it claims are connected to the recent attack on OTE, the firm that runs the carbon emission registry. The 700,000 permits in question are worth close to €10 million. ČEZ says it is cooperating with police and awaiting a response from OTE as to how it occurred.
International law firm White & Case added a new partner at the beginning of the year. Eva Svobodová specializes in capital markets. She joined the firm in 2005 and has becomeanexpert in capital markets and collective investment both on the domestic and foreign markets.
A number of issues in all energy sectors carry over into 2011, with brown coal prices at the top of the list, now that entrepreneur Pavel Tykač has consolidated his hold over miner Czech Coal. But the tender to complete the Temelín nuclear plant and the rising crude oil prices are sure to make a number of headlines before the lights go out on 2011.
ČEZ Group has acquired a 100 percent stake in TMK Hydroenergy Power, which operates hydroelectric plants in Romania with a total of 18 MW in installed power output. The acquisition is in line with the Czech state-controlled energy group’s long-term policy toward renewable energy. Earlier this week, ČEZ announced it was leaving a much larger nuclear deal in Romania.
Czech state-controlled energy giant ČEZ has sold its 9.5 percent stake in EnergoNuclear S.A., a company that is to complete two nuclear reactor units in Romania, in order to concentrate mainly on projects in the Czech Republic; the Prague-listed company said it will also further consolidate and develop its existing assets abroad.