CEZ still in hunt for Slovak power utility

10 November 2003 - Czech power producer CEZ confirmed Friday its interest in acquiring Slovenske Elektrarne, the Slovak utility subject to a privatization. CEZ said it had written to the Slovak government indicating its interest and would be writing again in more detail in December.

PricewaterhouseCoopers is advising the government on the privatization and is expected to collect bid intentions by 5 December before carrying out due diligence ahead of the final bid deadline due in the middle of next year.

A press conference to discuss what is the biggest current eastern European privatization deal, has been scheduled for today by the Slovak authorities.

CEZ will compete with Russian Unified Energy System, which also said it is taking part in a sale that could raise anything from zero to €300m ($346m), depending on the extent the government bails out the Slovak utility.


Other interested parties are thought to be the UK's International Power, Verbund of Austria and Belgian Electrabel. Earlier interested parties, Italy's Enel and Germany's E.ON and RWE are now not expected to bid.


Slovenske Elektrarne uses conventional and nuclear power sources with a combined capacity of 6.88 GW.

Sponsored by FLSmidth

Related Articles

EPA releases coal ash rule

The U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy announced the agency will now consider coal ash on the same level as household waste as opposed to hazardous waste. Household garbage and coal ash are both listed in the solid waste category, a stretch from the hazardous waste classification.

Fuel Tech receives air pollution control contracts worth $3.6Mn

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

Follow Power Engineering on Twitter
Latest News

West Virginia PSC approves base rate hike for Appalachian Power and Wheeling Power

The West Virginia Public Service Commission on May 26 authorized the Appalachian Power Co. (A...

NRC staff official delegated to approve Watts Bar 2 operating license

Members of the Nuclear Regulatory Commission (NRC) have voted to delegate authority to the di...

Duke Energy receives approval to build 5MW solar power plant in Orlando

Duke Energy Florida (NYSE: DUK) received approval to build, own and operate a 5-MW solar faci...

SunEdison: Utah's largest solar facility now operational

SunEdison (NYSE: SUNE) announced the completion of the 3.8 MW South Milford solar facility in...

Texas groups petition feds over alleged coal exemptions

Environmental groups in Texas want to overturn a state action they say exempted large coal-fi...

Westar plans to buy wind power from new plant

TOPEKA, Kan. (AP) - Westar Energy says it plans to buy energy from a new wind farm to be buil...

Terrestrial Energy to advance molten salt reactor design

Terrestrial Energy Inc. is teaming with the Dalton Nuclear Institute at the University of Man...

Austria will sue over nuclear power subsidies

Austria said it will sue to block any subsidized nuclear power plants in Europe in an attempt...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

EVTN Announces Voraxial(R) Shipment for Oil Spill Response

EVTN Announces Voraxial(R) Shipment for Oil Spill Response

White Paper Establishes California's National Leadership in E85 Fuel Market

White Paper Establishes California's National Leadership in E85 Fuel Market

Ready for Summer Heat

Ready for Summer Heat

Blue Earth Announces Formation of E2B Growth, Inc. as a YieldCo Vehicle

Blue Earth Announces Formation of E2B Growth, Inc. as a YieldCo Vehicle

Ardagh Group, Glass - North America Awarded Six ENERGY STAR(R) Plant Certifications

Ardagh Group, Glass - North America Awarded Six ENERGY STAR(R) Plant Certifications

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>