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.
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.
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.
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.
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.
Czech state-controlled power utility ČEZ is preparing to sell off two of its coal-fired power stations, neither of which has been modernized and the operation of which would require an investment into reducing emissions to meet the emission limits applicable from 2016.
In what was seen as a high profile test for the Czech competition office, it has apparently cleared state-controlled power giant ČEZ to add to its local electricity production capacity by taking over the Energotrans assets on the edge of Prague.
Sparta Prague football club will just be a spectator as the Czech league championship is played out this weekend. But the recent poor form and mounting financial losses must be getting to the owners with radical solutions rumored to be on the bench and ready to be brought into play.
Gaz-System, the gas transit system operator in Poland, reportedly could make a bid for its counterpart in the Czech Republic, Net4Gas, which together already plan to build a new pipeline between the countries in a bid to further weaken Russian control over the key energy source.
Co-owner of Czech investment group J&T, Patrik Tkáč, says that it will not be matching PPF’s cash injection into energy group Energetický a Průmyslový Holding (EPH) resulting in a dilution of J&T and group manager Daniel Křetínský’s stakes.