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News

1Oct

Press release
Sev.en Energy to complete transformation with Lubos Pavlas appointed head of the group

The Sev.en Energy group is to complete its several-month-long transformation as Lubos Pavlas has been appointed the new CEO of the group, with effect as of October 1, 2018. He will be replaced by Vaclav Matys as the head of the Sev.en EC power plant in Chvaletice. Ing. Lubos Pavlas is a graduate of the Faculty of Economics and Electrical Engineering Management of the Czech Technical University in Prague.. Read more
5Aug

Interview to the Athenian-Macedonian news agency

5. August 2018 - ΑΠΕ-ΜΠΕ | Interview with Alan Svoboda, Executive Director of Sev.en Energy.
1. You are interested in investing in Greece as the third adjustment program of the economy is about to end. What are your estimates for the future of the Greek economy? Read more
1Aug

The consolidation of business activities of Sev.en Energy enters the final phase

The spin-off of trading activities of Sev.en Energy group to Sev.en Commodities AG was successfully concluded on 1. 8. 2018 when the new group trading company has commenced the commercial activities – trading power, coal and carbon allowances in Europe. Read more
24Jul

Press release - SEV.EN ENERGY and GEK TERNA join forces for PPC’s tender for Megalopoli and Meliti lignite power units

Athens, July 24th 2018 - INDOVERSE (CZECH) COAL INVESTMENTS LIMITED, member company of SEV.EN ENERGY Group, and GEK TERNA Group, have entered a partnership to jointly submit a binding offer at the second-round international tender for the spin-off of the Public Power Corporation’s lignite power units in Megalopoli and Meliti. Read more
3Jul

Press release - Indoverse qualifies for the second round of PPC’s tender for Megalopoli and Meliti lignite power units

Athens, July 3rd 2018 - INDOVERSE (CZECH) COAL INVESTMENTS LIMITED, member company of Sev.en Energy Group, has qualified, based on the decision made by PPC’s BoD on July 3rd, for the second round of the international tender for the spin-off of the Corporation’s lignite power units in Megalopoli and Meliti. Read more
1Jun

Sev.en Energy plans acquisitions in Western Europe – exec

01 JUN 2018 | Mergermarket shared Intelligence | Katka Krosnar
Czech electricity supplier Sev.en Energy plans to acquire gas- and coal-related assets in Western Europe, Executive Director Alan Svoboda said. It is studying more than five targets at present, and hopes to complete at least one acquisition this year. Read more
17Apr

Coal and gas in the service of green energy

17 April 2018 | iUHLI.cz | Přemysl Souček
Almost no one wants ‘fossil’ energy these days. There are many sellers in Europe, but few buyers. But the path to green energy is almost impossible without the help of electricity generated from coal and gas. And that’s what the Sev.en Energy group is betting on for its expansion into Europe. Read more
21Mar

Czech Sev.en Group calls for lignite power plant reprieve

March 21, 2018 | European Power Daily (Volume 20 / Issue 57) | Page 2 | Henry Edwardes-Evans Read more
18May

Czech firms look to sweep up profits from dirty power

PRAGUE/FRANKFURT (Reuters) - Two Czech power companies are targeting fossil fuel-fired plants in Germany as part of a contrarian strategy to snap up older, polluting assets on the cheap from European energy giants going green. Read more
22Mar

Czechs want to buy coal power plants

Thursday, 22 March 2018 | Tagesspiegel BACKGROUND Energy & Climate | Jens Tartler
What other energy providers want to get rid of, Sev.en Energy out of Prague wants to acquire. The company wants to collect coal-fired capacity throughout Europe and derive profits from the power plants for as long as possible. Read more
15Mar

Czech Tycoon Earmarks $1.2 Billion to Buy Europe’s Old Coal

March 15, 2018 (Bloomberg) - Czech energy magnate Pavel Tykac is ready to spend 1 billion euros ($1.2 billion) 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. Read more
13Mar

Czech billionaires are going to battle over European power plants. We’re ready to start the hunt, says Tykač’s new strategist

13 March 2018 | Seznam Zprávy | Challenge | Zuzana Kubátová Pavel Tykač is not a shark but a visionary. He sees a unique opportunity to become a European player in energy, says Alan Svoboda, the new strategist of the Sev.en Energy mining company from Most, about its owner. Svoboda’s task is to launch a European expansion project worth billions. Read more
28Feb

Pavel Tykač’s People Already Buying European Power Stations

The new Sev.en Energy Group wants to invest in conventional power generating capacities and is also planning to buy coal mines. Several European coal and gas fired power stations may change hands to be owned by the new energy group, Sev.en Energy, held by billionaire Pavel Tykač as early as this year. “We have some talks under way and more opportunities are emerging. We want to focus on all European countries,” says Alan Svoboda, Sev.en Energy’s Executive Director. Read more
26Feb

Press release - Alan Svoboda becomes Executive Director of international group Sev.en Energy

26 February 2018 | Press release | Sev.en Energy
Alan Svoboda, former head of strategy and commercial director at ČEZ, has been appointed as Executive Director of the Sev.en Energy group, with main responsibility for strategy and the international growth of Sev.en Energy. Read more
22Feb

Press release - Tykač’s New Sev.en Energy Group Expands to European Markets

Pavel Tykač is entering the European energy market through Sev.en Energy, a new group he is currently forming. His primary intention is to grasp attractive acquisition opportunities in Europe, thereby widening his companies’ current radius of action from predominantly production to strategic business. He is ready to invest more than a billion euro. Read more
22Feb

Pavel Tykač Intends to Invest Dozens of Billions in Europe

Billionaires in the Czech Republic are running against the stream: they are increasingly betting on the transition to green energy taking longer than the EU countries have planned. In particular Daniel Křetínský, and his Energetický a průmyslový holding (EPH), has thus been buying old gas and coal fired power stations in Europe for several years. Now, his long-standing rival, Pavel Tykač, is also poised to go shopping; he wants to spend up to tens of billions of Czech crowns, largely on power stations. Read more
22Feb

Billionaire Tykač Planning a Massive Expansion

22 February 2018 | Hospodářské noviny.
Billionaire Tykač Planning a Massive Expansion; Wants to Buy Coal and Gas Fired Power Stations in Europe. As late as mid-2017, Pavel Tykač, one of the wealthiest Czechs, was not yet planning any major expansion outside the country. However, the owner of brown coal mines in northern Bohemia and of the Chvaletice power station is has changed his mind now. Read more
22Feb

New Czech firm to invest 1 billion euros in European power

PRAGUE, Feb 22 (Reuters) - Czech energy investor Pavel Tykac has set up Sev.en Energy holding company to invest more than 1 billion euros mainly in European power plants fired by fossil fuels, even as many utilities shift their focus to renewables. Read more