German RWE to EUR 409mn invest in Czech distribution network in three years.

By bne IntelliNews September 8, 2011
German power group RWE plans to invest CZK 10bn (EUR 409mn) in its gas distribution network in the Czech Republic in the next three years, E15 daily reported. The investments will mainly be aimed at a renewal of gas lines and a replacement of old gas metres. RWE owns the countrys major natural gas importer RWE Transgas. Last year RWEs market share fell by 9pts to 50% due to strong competition on the Czech market. Gas sales to end-clients dropped by 3% y/y to almost 59 terawatt hours. RWE invested more than CZK 4bn in the Czech Republic in 2010.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335