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CEZ to invest CZK2.5 bln to build largest Czech wind farm

CEZ AS, the Czech Republic's dominant utility, plans to spend 2.5 bln koruna ($115 mln) building the largest wind farm in this central European country, as part of its plan to increase the use of renewable resources here.

The Prague-based company said in an e-mailed statement yesterday it expects to build 39 wind-power plants in the wind farm, which will be located in the Dukovany area. The construction itself should take part between 2009 and 2011. CEZ said it plans to invest some 30 billion koruna in the development of renewable-energy sources in the next 15 years. Some 20 billion koruna will be used to build new wind-power plants. In the case of the wind farm in the Dukovany area, „the overall number of power plants will be a result of mutual negotiations between our company, towns that are involved and owners of land properties,” Josef Sedlak, director of CEZ's unit for renewable energy, said in the statement. (Bloomberg)