EZ Ramps Up Investment in Coal Plants (Oct 2007)
Czech state-run power producer CEZ plans to invest more than Kc100 billion to renew and build coal-fired power stations in six years, CTK reported. CEZ, 66% controlled by the state, has so far spent Kc5.2 billion to renew coal-fired plants. It wants to reconstruct up to 10 and build up to three coal-fired units. In early June, CEZ started to modernize its Tusimice 2 plant in northwestern Bohemia, seeking to renew four 200-megawatt brown-coal units by 2010. At end-2007, CEZ plans to launch the construction of a 660-megawatt source in Ledvice, northwestern Bohemia. CEZ wanted to cut carbon dioxide emissions by 15% through the reconstructions. The company is also contemplating the construction of new steam-gas units if it signs a long-term contract on gas supplies. CEZ, the largest Central European power producer, runs 13 coal-fired power stations in the Czech Republic, which make up almost two-thirds of the company’s total output.