EPH to invest up to EUR 150mn in Polish mine Czechowice Dziedzice.

By bne IntelliNews January 3, 2011
Czech energy group Energeticky a Prumyslovy Holding (EPH) plans to invest EUR 100-150mn to increase the production of its coal mine Czechowice Dziedzice in Silesia, Poland, Rzeczpospolita daily reported. The investment will allow the mine to expand its annual output to some 2-3mn tonnes and to hire about 1,000 new workers. According to some analysis, EPH would have to invest much more in order to meet its target, as the mine currently produces only 200,000 tonnes of coal. In the meantime, EPH has acquired a 5% stake in heating company Dalkia Ceska Republika from French Dalkia International . Dalkia CR operates in 15 cities. The transaction is part of a deal between EPH and the countrys largest energy company CEZ, under which CEZ is to sell its coal-fired power plant Chvaletice to EPH and in exchange buy a heat distribution system in northern Bohemia.

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