BPV Braun Partners has advised Creditas company UCED on its investment in the expansion of the Prostejov steam power plant in the Czech Republic. PRK Partners reportedly advised the financing bank.
"The plant will double its capacity to 108 megawatts, thanks to a new fast-start gas turbine to be delivered to UCED Elektrarny Prostejov by General Electric," BPV Braun Partners informed.
The Prague-based Creditas Group has been active in the energy sector since 2013 and is owned by Pavel Hubacek. Its energy division, UCED, is an energy distributor in the Czech Republic. In addition to energy distribution, it focuses on electricity and heat generation.
Earlier this year, BPV Braun Partners advised Creditas on the acquisition of British energy group InterGen (as reported by CEE Legal Matters on January 30, 2023).
The BPV Braun Partners team was led by Partner David Vosol and included Attorneys-at-Law Alexander Pech and Michal Fogel.