Alpiq divests Kladno and Zlín coal-fired power plants in Czech Republic

Alpiq sells its two Czech coal-fired power plants, Kladno and Zlín, to the Sev.en Energy Group. The sales price is around EUR280 million (US$309 million). The sale is subject to the usual conditions for closure, particularly the approval of the Czech competition authorities.

On 30 October 2018, Alpiq had announced that it was considering the sale of its two Czech coal-fired power plants, Kladno and Zlín after all three criteria defined for the sale – price, transaction security and contractual conditions – are fulfilled and the transaction generates the optimal value for Alpiq.

Closure is planned for the second half of 2019.

The Kladno coal-fired power plant has an electrical output of 516 MW, was commissioned in 2000 and is wholly owned by the Alpiq Group from 2002. The Zlín thermal power plant generates and delivers electrical energy, process heating and district heating. It has an electrical capacity of 64 MW and a thermal capacity of 376 MW. The coal-fired power plant was acquired in full by the Alpiq Group in 2005.