ČEZ, a Czech power utility, has a high share of coal power generation (46% in 2017). The company is still planning to extend the operation of its Bílina lignite mine and is planning to build a new lignite-fired combined heat and power unit in the Kolín area. Its newest lignite unit at Ledvice is scheduled to operate for 40 years, and the recently retrofitted coal plants at Prunerov and Tusimice for 25 years. The company presents itself as a progressive utility, though its share of renewable power generation remains very low at 5.7%. Barclays supports this by underwriting ČEZ’ bonds.

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