According to CIA news agency, CEZ together with another 24 companies entered a tender for construction of a new coal-fired power plant in the estimated value of EUR2.47bn with installed capacity between 1,800 - 2,100 MW in Kosovo. The other participating companies include AES, RWE and Enel. The deadline for submitting documentation is the end of October while a short-list should be ready by March 2007.
Our view:
Kosovo certainly belongs to CEZ’s targeted SEE region, nevertheless, the competition in the tender seems rather high. Until a short-list is published, we see the news as neutral and expect CEZ to participate in several other similar tender in the region.