Czech EPH has billions for German coal plants

Monday, 18 Jul 2011

Czech power company Energetický a Průmyslový Holding said that it wants to buy up elderly coal fired power stations in Germany because there are bargains to be had.

Mr Daniel Křetínský manager of EPH said the group is prepared to invest billions of crowns in the German market and was also looking at investments in Slovakia. He added that “Our interest in Germany is partly a result of the fact that there are no buyers there for certain types of activity and that gives rise to opportunities for some attractive investments.”

He said that there was virtually no other interest in coal fired power plants from major energy companies. Germany is likely to have to rely more on coal fired plants if it moves to close down nuclear power plants by the proposed date 2022, though president Christian Wulff said that he was in no hurry to sign the proposal doing so and wanted the constitutional aspect of the early shutdown examined.

(Sourced from czechpostion)