Czech government experts to evaluate plan to split ČEZ

Outgoing prime minister and ANO leader Andrej Babiš has said that a special group of experts from the fields of energy and finance will be created to evaluate state dominated power company ČEZ’s plans to split the company. Babiš made the comments after the Cabinet meeting Wednesday.

ČEZ, which is almost 70 percent state controlled, has come up with six scenarios for splitting the group in a move which could help pave the way for the Czech Republic to build new nuclear power plants.

The favoured management version is one where nuclear and coal production would be grouped in one wholly owned state company. Wind power, energy services and distribution would be in a separate company which would be sold off to investors. The move could get round minority shareholder opposition to ČEZ building new nuclear reactors.