9. 11. 2012

ČEZ Continues Negotiations on the Sale of Its Dětmarovice Power Plant With Three Bidders

ČEZ has received bids from four bidders in its tender for the Sale of the Dětmarovice Power Plant. After examining the formal details of each of the bids, ČEZ has had to exclude a bid submitted by Česká energie from the tender. The bid failed to meet the tender requirements which, among other things, required the bidders to have a certain size and creditworthiness. The bid concerned did not guarantee a successful completion of the sale, which is required to fulfill the settlement with the European Commission should ČEZ decide to consummate the settlement agreement specifically by divesting its Dětmarovice Power Plant. The tender thus continues with three bidders: BXR, Energetický a průmyslový holding, and Gascontrol.

As part of the settlement agreement, which aims to intensify competition in the market, ČEZ has offered the following power plants for sale: Počerady, Chvaletice, Tisová with Mělník 3, and Dětmarovice. A decision concerning the sale of one or more power plants should be made by the end of this year. Apart from fulfilling the agreement with the European Commission, ČEZ also aims to maximize value for its shareholders, and to resolve the issue of long-term coal supply to its power plants.