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CEZ to Sell Two Coal-Fired Plants

GALWAY, IRELAND--June 11, 2011 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The Czech Republic's leading energy company has said uncertainty over the future price of coal has forced its decision to sell two of its coal-fired plants.

CEZ AS (PRG:BAACEZ) (Prague) announced that it is now planning to sell its 1,000-megawat (MW) Pocerady plant, located northwest of Prague, and its 800 MW Chvaletice power station in the Elbe basin, approximately 20 kilometres (km) west of the city of Pardubice.

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Industry Segment: Power
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