Measures pit ČEZ against Brussels

Written by on October 2, 2012 in Business, Europe, News - No comments

Energy giant ČEZ has rejected reports it could be forced to sell more power plants than it originally expected, with the company insisting its “agreement” with the European Commission to offload 800 megawatts of electricity generation capacity remains valid.

The 70 per cent state-owned ČEZ announced in June it planned to sell one or two coal-burning power plants to end an investigation by the EC into suspected anti-competitive behavior.

Hospodářské noviny (HN) reported on September 20 that ČEZ, which is central Europe’s biggest listed company, had yet to reach an agreement with the EC.

According to the newspaper, the plan to dispose of 800 megawatts was merely a proposal by ČEZ and the commission may still insist it sell further capacity so that it no longer produces more than 50 per cent of the Czech Republic’s power.

Read the full story in The Prague Post.

(The Dĕtmarovice coal-powered power plant is among those CEZ has offered to sell. Photo: mecidlo/Wikimedia Commons.)

Comments

comments

About the Author