Cash-rich and acquisitive Czech energy company Energetický a průmyslový holding (EPH) was rebuffed Tuesday by councilors in the western city of Plzeň. EPH had been seeking a minority stake in the council-owned heat and power plant to merge it with its existing energy company in the city. Councilors opted for a rival offer leaving them with 100-percent ownership.
Mirek Topolánek, who stepped down as Czech prime minister in May 2009, may have finally landed a prominent job: The ex-Civic Democratic Party (ODS) leader looks set to head the Association for District Heating (ADH ČR). It’s a sexier post than it sounds. Among the group’s 87 members are the biggest names in the Czech energy sector — in which Topolánek has positioned himself as an expert and advisor.
Faced with dwindling supplies of local coal, rising raw materials prices and volatile commodities markets, the Czech Ministry of Industry and Trade has prepared a plan on how to make sure local companies get the raw matererials they need. If the general principle is approved, the ministry will fill out how Czech companies can be helped to secure their strategic supplies.