Veronika Diamantová to Manage Communication at Sev.en Global Investments
A new arrival has reinforced Sev.en Group’s communication team. Coming from Sazka, Veronika Diamantová has filled the position of Sev.en Global Investments Group’s Head of Communication. She will be responsible for communication in all countries in which Sev.en Global Investments has invested. Read more
The Green Mine project
Dear colleagues, Please let us introduce the new website greenmine.cz which presents comprehensive information about the revitalization of the ČSA mine – the largest transformation project of the Sev.en group. Read more
Pavel Tykač Donates CZK 100 Million to Help Ukraine
Prague, 1 March 2022 - Pavel Tykač’s companies have prepared a CZK 100 million assistance package called The Bridge for Ukraine. They also want to help to mitigate the energy impacts of the armed conflict. Read more
International Acquistions of Pavel Tykač’s Sev.en Group Shall Continue to Grow under Sev.en Global Investments.
Praque, 14 January 2022 - As of 1 January 2022, Sev.en Global Investments has become the new investment vehicle for international growth of Pavel Tykač’s Sev.en Group. Headed by Alan Svoboda, the group plans to continue the successful expansion launched as part of Sev.en Group’s M&A division three years ago. The group has a presence already on three continents and in 2022 it expects the combined annual turnover to reach EUR 1.3 billion. Read more
Truncating the exemption for Počerady may jeopardise electricity availability; Sev.en Energy bringing a legal action
Prague, 8 November 2021 – Sev.en Energy, an energy company, has applied to a court to review the decision-making process for an emission-related exemption for the Počerady Power Station. Sev.en Energy considers that the periods of time granted to it for greening the generating units have been inadequately reduced, moreover, in a situation a short time from the moment when the power station changed hands. The operator warns that any administrative constraints on the operation of this stable and independent generating... Read more
Corsa Coal
Sev.en Group took advantage of elevated share price and disposed part of its minority stake in Corsa Coal. Nevertheless, Sev.en Group remains committed to developing its presence in metallurgical coal space. Sev.en Group may, directly or indirectly, purchase, and subsequently sell, securities of the Issuer in the future on the open market, in private transactions or otherwise, depending on market conditions and other factors material to its investment decisions. Read more
Faster greening is the purpose: Sev.en Energy and ČEZ agree on an earlier sale of the Počerady Power Station
Prague, 22 October 2020 - Sev.en Energy Group will acquire the Počerady Power Station already this year as of 31 December 2020. This is three years earlier than originally planned. On the part of Sev.en Energy the reason for the agreement is the opportunity to expedite the complete retrofits for greening this major energy generating plant. It has been serving Czech households and companies reliably for tens of years, supplying them with approximately 7% of all electricity consumed. Read more
Sev.en Energy acquires Blackhawk Mining to significantly strengthen its presence in US metallurgical coal mining
Lexington, Prague; June 1, 2020 – Sev.en Energy AG is pleased to announce that it has acquired US metallurgical coal producer Blackhawk Mining, LLC. Read more
Sev.en Energy enters the metallurgical coal mining industry
Toronto, Prague May 13, 2020 – Sev.en Energy AG announced today that it has acquired 17,1% shares in US metallurgical coal producer Corsa Coal Corp., marking the entry of the Group into the metallurgical coal mining industry. Read more
Sev.en Energy to upgrade Počerady to the highest possible standard
Prague, 11 March 2020 – After its acquisition, the Sev.en Energy group plans to upgrade the Počerady power station, the largest Czech coal-fired energy generating plant, to the highest possible standard. The purpose of this investment is to meet the EU’s and the Czech Republic’s most stringent climate and environmental requirements until the time when the Czech Republic obtains sufficient energy from other than fossil sources. “We plan to reshape the Počerady Power Station into one of the most modern capacities... Read more
The Chvaletice Power Station saves CO2 emissions through record sales of energy by-products
Chvaletice, 18 February 2020 – Last year, Sev.en EC sold 347,019 tonnes of certified materials emerging as by-products from energy generation. Thus, it achieved the highest sales since it acquired the Chvaletice Power Station in 2013 and the second highest ever. Energy by-products include fly ash, slag, and gypsum, and are used in the construction industry and in landscaping. These by-products are among the major elements of circular economy, one of the most advanced environmental disciplines. Last year’s record... Read more
The soil on the ČSA surface mine’s restored areas has arable land parameters as regards contamination
Most, 27 January 2020 – In terms of the presence of pollutants, the remediated areas around the ČSA surface mine have the parameters of organic-quality arable land. They contain only the minimum levels of undesirable trace elements, which otherwise abound in soils in urbanised areas. The research commissioned by the remediation and land department of the ČSA Surface Mine, part of the Sev.en Energy group, has shown this. Read more
The Chvaletice Power Station will meet the limits thanks to fabric filters for CZK 1.5 billion
Chvaletice, 7 January 2020 – Sev.en EC is investing additional billions in the greening of the Chvaletice Power Station. It will meet the new European limits on particulates thanks to fabric filters for around CZK 1.5 billion. This equipment has been well tested in the sister company Teplárna Kladno (Kladno CHP Plant), acquired by the Sev.en Energy group last year. The Kladno CHP Plant is one of the most modern energy generating plants in the Czech Republic and in cooperation with Technische Universität Dresden... Read more
Sev.en Energy is the new owner of the CHP plants in Kladno and Zlín
Prague/Kladno, 2 September 2019 – The Sev.en Energy group has acquired 100% of Alpiq Generation (CZ) s.r.o., which operates CHP plants in Kladno and Zlín. The seller is a major Swiss electricity producer and energy service provider, Alpiq AG. Sev.en Energy intends to further develop the acquired operations and to provide stable heat and electricity supply to customers in both municipalities. Following registration in the companies register, Alpiq Generation (CZ) will use a new name, Teplárna Kladno s.r.o., for both... Read more
InterGen commissions a new gas-fired power plant
Spalding, Prague, 12 July 2019 – InterGen, in which the Sev.en Energy group holds 50% of shares, achieves commercial operations at the 300 Megawatt Spalding Energy Expansion project in Spalding, Lincolnshire, England. Read more
Despite record production, the Chvaletice Power Station is cutting emissions
Chvaletice, 30 May 2019 – Last year, Sev.en EC’s power station in Chvaletice generated its largest ever quantity of electrical energy. It is thereby gradually returning to its normal operating condition and responds to customers’ rising demand. The 4.7 TWh generated is not yet the operating maximum, but it would anyway be enough to supply the entire Pardubice Region, including households, hospitals and schools, for two years. Thanks to the ongoing greening, the power station is reducing its pollutant emissions... Read more
Sev.en Energy Wins the Tender for the Acquisition of CHP Plants in Kladno and Zlín
Prague / 17 May 2019 - The Sev.en Energy Group entered into an agreement on the acquisition of a 100% equity stake in Alpiq Generation (CZ) s.r.o., which operates CHP plants in Kladno and Zlín. The sales agreement was signed on 16 May 2019.The seller is Alpiq AG, a major Swiss electricity producer and energy service provider. Sev.en Energy intends to continue developing the acquired assets and to provide stable heat and electricity supply to the customers. Read more
Sev.en Energy deepens its cooperation with China Huaneng Group and explores project financing with major Chinese banks
Prague, 30 April 2019 -- Representatives of Sev.en Energy Group have visited the People’s Republic of China. In Beijing, they signed bilateral memorandum of understanding with Bank of China and an agreement with China Huaneng Group (CHG) on cooperation within their shared InterGen platform and on a joint effort in deploying the latest energy technologies in Europe. Read more
Sev.en Energy to visit China; the company is interested in new technologies
Prague, 17 April 2019 – At the end of April, the Sev.en Energy group’s representatives will visit the People’s Republic of China as part of a delegation of the Chamber of Commerce of the Czech Republic. Besides agreements in the energy sector, the purpose of the visit is also the options for using the latest energy technologies. Read more
Interview: S&P Global Platts
The potential to stack revenues, improve operational performance and cooperate with Chinese co-partners on technology supported Sev.en Energy’s decision to buy into InterGen, Executive Director Alan Svoboda told S&P Global Platts in an interview February 14. Read more
Interview: S&P Global Platts
London—The potential to stack revenues, improve operational performance and cooperate with Chinese co-partners on technology supported Sev.en Energy’s decision to buy into InterGen, Executive Director Alan Svoboda told S&P Global Platts in an interview Thursday. Read more
Sev.en Energy actively seeking western European targets, also interested in global opportunistic acquisitions
Czech energy group Sev.en Energy is actively seeking western European targets and is also interested in opportunistic acquisitions in eastern Europe and globally, Executive Director Alan Svoboda said. Read more
Sev.en Energy signs agreement to acquire a 50% stake in InterGen
London, Prague – February 1st, 2019 the prominent Czech industrial player, Sev.en Energy, signed an agreement to acquire a 50% stake in the multinational energy company, InterGen N.V. from Canada’s Ontario Teachers’ Pension Plan (Ontario Teachers’). Read more
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. Read more
Interview with the Athenian-Macedonian news agency
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
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
SEV.EN ENERGY and GEK TERNA join forces for PPC’s tender for Megalopoli and Meliti lignite power units
INDOVERSE (CZECH) COAL INVESTMENTS LIMITED, a 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
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, a 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
Tykač’s Sev.en Energy group is consolidating its business in the Czech Republic and planning expansion to the European level
Pavel Tykač’s Sev.en Energy group is transforming its energy commodity trading. All business activities are being taken over by Sev.en Commodities AG, which intends to start trading with electricity, coal and emission allowances on the European level. The company is also considering trading natural gas in the future. Read more
Sev.en Energy plans acquisitions in Western Europe – exec
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
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
Coal and gas in the service of green energy
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
Czechs want to buy coal power plants
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
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
Czech Tycoon Earmarks USD1.2 Billion to Buy Europe’s Old Coal
Czech energy magnate Pavel Tykac is ready to spend 1 billion euros (USD1.2 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
Czech billionaires are going to battle over European power plants. We’re ready to start the hunt, says Tykač’s new strategist
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
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. Read more
Alan Svoboda becomes Executive Director of international group Sev.en Energy
Alan SvobodaAlan 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
Tykač’s New Seven Energy Group Expands to European Markets
Press Release 22 February 2018 | Press release | Seven Energy Read more
New Czech firm to invest 1 billion euros in European power
PRAGUE, Feb 22 (Reuters) - Czech energy investor Pavel Tykac has set up Seven 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
Billionaire Tykač Planning a Massive Expansion
Billionaire Tykač Planning a Massive Expansion; He wants to Buy Coal and Gas-Fired Power Stations in Europe Read more
New Czech firm to invest 1 billion euros in European power
PRAGUE, Feb 22 (Reuters) - Czech energy investor Pavel Tykac has set up Seven 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
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