Bloomberg News

CEZ Asks Energeticky, Czech Coal to Resubmit Offers for Plants

November 02, 2012

CEZ AS (CEZ) asked Energeticky a Prumyslovy Holding AS and Czech Coal AS to resubmit bids for two coal-fired plants that the largest Czech power producer is selling after a European Union antitrust investigation into its operations.

The offers for the Pocerady and Chvaletice plants weren’t complete, said Ladislav Kriz, a spokesman. The utility, which rejected earlier bids that expired Oct. 31, is seeking offers valid until the year-end, Kriz said in an interview in Prague.

The European Commission said last year that CEZ may have stopped rivals entering the market by hoarding transmission- network capacity. The company offered to sell a plant to end the EU probe into the allegations, the commission said in July 2012. The utility is also seeking bids for its Detmarovice plant.

To contact the reporter on this story: Ladka Bauerova in Prague at lbauerova@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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