PRAGUE, April 3 More than one pension fund has
shown interest in a stake in Czech utility CEZ's 1.1
billion euro ($1.5 billion) wind park in southeastern Romania, a
CEZ board member said on Thursday.
Foreign investors have expressed concern over recent cuts in
incentives for renewable power in Romania, which in March capped
the amount of renewable energy industrial clients must buy this
year to stave off the threat of job cuts before elections.
Tomas Pleskac, who oversees foreign operations of central
Europe's biggest utility, said the company was yet to decide
what size of stake to sell or whether to sell any at all and
that the stake may sell irrespective of regulatory uncertainty.
"We are certainly prepared to sell (even a 100 percent
stake)," Pleskac told reporters.
"You do not turn down good offers," he said. "We do not have
any strict timeline, we do not have to sell. This is a
possibility, if it turns out to be attractive to us, we will use
it, if it is not attractive, we will not."
CEZ runs the Fantanelle and Cogealac facility with capacity
of 600 MW, making it Europe's largest land-based wind farm and
CEZ the leading private investor in Romania's wind energy
sector. It also operates a local power distributor.
(Reporting by Jan Lopatka; Editing by Louise Ireland)