MVV Energie invests in cogeneration in Czech Republic
Mannheim-based energy company takes over cogeneration plant in North Bohemian city of Liberec - MVV Energie now operating in 17 Czech cities
MVV Energie is further expanding its already stable position in the Czech district heating market by investing in cogeneration and district heating. This was underlined by Dr. Georg Müller, CEO of the Mannheim-based energy company, on Tuesday in Mannheim. MVV Energie CZ, the Group's Czech subsidiary, has now taken over a cogeneration power plant in Liberec, a winter sports resort with more than 100,000 inhabitants in Northern Bohemia. Alongside 8.2 million kilowatt hours of electricity, the plant also generates almost 194 million kilowatt hours of heating energy a year. This heating energy is distributed across the city by Teplarna Liberec, a district heating company in which MVV Energie CZ already holds a 70 percent stake.
"As one of the leading district heating companies in the Czech Republic, we have acted as a partner to local councils in our neighbouring country, contributing some of the experience and expertise we have built up in Germany over the past decades", added Dr. Müller. As in Germany, the company relies here as well on environmentally-friendly cogeneration to enhance plant efficiency and thus the resultant energy efficiency. The Liberec plant used approx. 98 thousands tonnes of municipal waste in 2010 (its yearly capacity is 106 thousands tonnes) to generate electricity and heating energy.
The Czech subsidiary generated sales of Euro 113,1 million in the past 2009/10 financial year and currently has a total workforce of 615 employees.
