Sev.en Energy acquires Alpiq coal-fired power stations

Swiss energy producer Alpiq has announced that the tender for the acquisition of a 100% stake in the company's two coal-fired power stations has been won by Sev.en Energy.

The Czech energy firm, owned by billionaire Pavel Tykac, will pay around €280-million for the new plants; 516MW coal and gas-fired plant at Kladno, central Bohemia; and a 64MW plant in Zlín, southern Moravia. The deal will be finalised following approval by the Czech anti-monopoly authorities.

Sev.en Energy’s CEO Lubos Pavlas said: “The strategic transition between conventional energy and modern energy generating capacities is an opportunity for us. We want to be a part of this change in the position of those who ensure the stability and safety of supply while deploying new modern solutions. The acquisition of the Czech coal-fired power plants of Alpiq exactly fits within this strategy.”

A press release by Alpiq said: “The divestment is for strategic reasons, looking towards an increasingly decarbonised, digitalised and decentralised energy world. The sale reduces the CO2 emissions of Alpiq’s power plant portfolio by more than 60%. Alpiq intends to use the proceeds from the transaction to further develop its growth areas and to continue to optimise its balance sheet."

Alan Svoboda, Sev.en executive director responsible for the group’s expansion, said: “Following the successful acquisition of InterGen with its power stations in England and Australia the acquisition of the two CHP plants in the Czech Republic is another major step forward in pursue of our growth strategy. Sev.en Energy’s position on the Czech market has thereby been significantly strengthened.”

In 2018, Se.ven announced an ambitious programme of international expansion. April saw the firm take the company InterGen into joint ownership with Chinese energy firm China Huaneng.

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