ČEZ restructuring could bring greater control of Czech energy security, says PM

The Czech prime minister, Petr Fiala, says the mainly state-owned energy company ČEZ could be restructured within two years. Speaking in Brussels on Thursday, he said it was important for the Czech Republic to have a decisive influence with regard to critical and energy infrastructure.

Mr. Fiala said the restructuring could result in the state running some critical infrastructure through ČEZ. He said this was a matter for debate and that minority shareholders would need to be won over.

He said the aim of the move was to ensure the country coped better with matters which it was now facing. The Czech Republic is in a relatively very poor situation compared to other states when it comes to energy security, Mr. Fiala said.

Author: Ian Willoughby