CEZ says EU settlement deal to sell capacity still valid

• 12 years ago (2012-10-09)
• David Flin

Europe 1089

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Czech company CEZ has said that its plan to sell 800 MW of generation capacity to resolve European Union competition issues remains unchanged after a period of third-party comments on the plan.

The European Commission and CEZ tentatively agreed at the start of the summer that the company would sell 800 MW of coal-fired generation capacity in the Czech Republic to address the commission’s concerns that CEZ may have infringed EU antitrust rules by hindering the entry of competitors into the domestic electricity market.

Alan Svoboda, CEZ’s Head of Sales, said: “The content of the comments the European Commission received from third parties in the framework of the market-test period won’t have an influence on our proposal.”