Tuesday, 29 October 2019

Czech tycoon earmarks USD 1.2 billion to buy Europe's old coal

Bloomberg |
16 March 2018

Czech energy magnate Pavel Tyka─Ź is ready to spend 1 billion euros of his own cash on aging coal and gas-fired power plants across Europe. He's betting the dirty generators will be needed for decades to supplement the green power that's taking a bigger role at utilities from Germany to Britain.