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

5 August 2018 | ΑΠΕ-ΜΠΕ | Interview with Alan Svoboda, Executive Director of Sev.en Energy

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.

Sev.en Commodities AG’s headquarter is located in Liechtenstein, regional business activities are executed via its branch office in Prague. The branch office is also responsible for all business activities in the Czech Republic except the legacy long-term transaction between Vršanská uhelná a.s. and ČEZ a.s.
As the branch office is incorporated in the Czech Republic and has taken over the existing power and coal contracts with the group customers, it will comply with all related regulations and will pay the taxes and duties in the Czech Republic. The branch office will also commence the sponsorship and support to the regions the Sev.en Energy group operates in.

Sev.en Commodities AG has already received all necessary licenses and approvals so that the company transformation will be concluded this autumn. Sev.en Commodities AG was accepted as a member of European Federation of Energy Traders (EFET) in June.

Latest 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
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