Czech utility CEZ is to take control of the Polish state holding of 25% plus one share in Elektrownia Skawina, a 490 MW bituminous coal-fired CHP plant.
Under the terms of a deal worth PLN92.6 million (US$41.3 million) CEZ will acquire approximately 99.98% in Skawina. It purchased a 75% stake from America’s PSEG in May 2006.
The plant supplies the city of Skawina and the western part of Cracow with heat and hot water.
‘We have been interested in the state share in Skawina for a long time and so we are glad that we have agreed with the Polish state on the price acceptable for both the parties’, said Martin Roman, chairman of CEZ.