Czech players vie for dirty fuel assets on sale in Germany
Knock-down price expected as Berlin needs to meet emission targets
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Prague
TWO Czech billionaires have come up with an unusual way to tap Angela Merkel's shift towards clean energy: invest in some of Germany's dirtiest coal-fired power plants and lignite mines.
Petr Kellner, who built the Czech Republic's biggest fortune on businesses ranging from mobile phones to Russian gold mines, will vie with lignite mining magnate Pavel Tykac for the assets being sold by Sweden's Vattenfall AB in the German states of Brandenburg and Saxony. Further Czech brown-coal expertise comes with a potential bid from state-owned utility CEZ AS.
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