Coal, New Projects

E.ON ponders 1200 MW Czech coal project

25 July 2007 – Germany’s E.ON is conducting talks with privately owned company Czech Coal over a joint venture to build a €2 bn, 1200 MW power plant fired by local lignite.

Czech Coal and E.ON are exploring the possibility of building two 600 MW
Generating units that would be supplied from the Mostecka coal mine. If it goes ahead it would be the first lignite-fired power plant to be built by E.ON in the Czech Republic.

“Talks have started with Czech Coal to enter into exclusive negotiations to build a power plant,” said E.ON’s spokesman in the Czech Republic.

The E.ON spokesman stressed that the talks were at an exploratory stage. He added that E.ON already has a 20 per cent share of the power distribution market in the Czech Republic, but lacks generating capacity in the country. “This project will strengthen our position in this market,” said the E.ON spokesman.