Vattenfall’s German coal plants targeted by Czech interests

EPH and PPF, two privately owned Czech energy companies along with the country’s chief investment group PPF, are to bid for a portfolio of German lignite and hydroelectric power stations being sold by Sweden’s Vattenfall.Vattenfall logo

EPH made the announcement today as also came a statement from PPF whose chief financial officer Katerina Jiraskova said, “Between us, we will be able to provide better financing for the acquisition, if we succeed in the process, and also for the future development of Vattenfall’s existing assets in Germany.”

Another Czech utility, CEZ, and Greenpeace who want to bid and permanently retire the coal-fired power plants, expressed an interest since Vattenfall opened bidding last month.

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