UCED to invest CZK 1 billion in Czech combined-cycle power plant in Prostějov

Energy company UCED, part of financier Pavel Hubáček’s Creditas investment group, is investing one billion crowns in its combined-cycle power plant in Prostějov. Its capacity will nearly double to 108 MW as a result. UCED has already signed a contract with US company General Electric, which will supply a new fast-start gas turbine to UCED Elektrárna Prostějov. Richard Holešinský, UCED Group’s investment director, told the Czech News Agency (CTK) today.

“The expansion of the Prostějov power plant fits with our strategy of becoming a leader in the new energy sector. The future lies in building new energy sources and integrating them into aggregation blocks. We plan to build an aggregation block with a capacity of 1000 MW in Czechia by 2030. We expect the total construction costs to exceed 20 billion crowns,” Holešinský said.

According to Holešinský, this is the first major investment in Czechia in ten years for General Electric Global Services. The company will deliver a fast-start gas turbine with a capacity of 50 MW to Prostějov at the beginning of 2024. It is due to enter full operation next summer.