Czech power utility CEZ AS (BAACEZ.PR) said Wednesday it is still interested in bidding for Russian regional power company OAO TGK-4 (TGKD.RS) after the Russian electricity holding that owns the unit delayed its tender until Apr. 7.
TGK-4, based in central and western Russia, is one of 14 regional generators that electricity giant RAO Unified Energy System of Russia (EESR.RS) is spinning off. TGK-4 serves 11 regions and has total installed capacity of 3,300 megawatts.
CEZ, majority-owned by the Czech government, has expanded aggressively across central and eastern Europe in recent years.
In Russia alone, CEZ is seeking to build a new natural gas-fired generator in Moscow.
The Czech company expects to complete talks on the Moscow power plant with local authorities by August.