January 27, 2011 / 9:05 AM / 9 years ago

CEZ loses 700,000 CO2 permits in cyber attack

PRAGUE (Reuters) - Czech power group CEZ said on Thursday it had detected two unauthorized transfers of its emissions permits, totaling 700,000, in a cyber attack on the Czech registry last week.

CEZ said it had made a claim with Czech market operator OTE but had yet to receive a response. It has also filed a criminal report.

Czech newspaper Mlada Fronta Dnes reported on Thursday that the stolen permits were valued at 240 million Czech crowns ($13.6 million). CEZ declined to confirm the report pending an investigation.

“We believe the entire situation will soon be resolved,” CEZ said in a statement. “In view of the ongoing investigation though, we are not going to disclose any further details.”

The Czech carbon registry closed last week for an indefinite period after data of account holders was manipulated and EU allowances vanished.

The European Union froze spot trading in the carbon market after the security breach, which saw the theft of at least 7 million euros ($9.6 million) of emissions permits from the Czech Republic’s carbon registry.

Reporting by Jason Hovet; Editing by Alison Birrane and Jane Baird

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