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According to Forbes list of billionaires (2011) Czech billionaire Zdenek Bakala ($2 B 2011) has made his wealth in coal business. [9] Forbes ranked Zdenek Bakala (Net Worth$1.5 B) as richest Czech in energy business (coal) in 2013. [10] Bakala is the biggest player on the coal market in Central Europe. He has consolidated Polish mining markets ...
The Socialist Republic of Czechoslovakia (1948–1990) had significant natural resources available. Energy resources included coal and lignite, but to meet energy needs the country also engaged in energy conservation, imports of oil and natural gas from the Soviet Union, and nuclear power and hydroelectricity programs.
Czech Coal Group (usually shortened to Czech Coal) was established in 2005 with assets that included the Mostecká uhelná společnost mining company and the electricity trading company, Czech Coal a.s. In 2008, Mostecká uhelná společnost was broken up into two separate mining companies.
The updated energy strategy of 2019 envisions a gradual phase out of coal power share in total electricity generation from 2015's 46.2% down to 15.5% by 2040. The strategy sees nuclear energy as a non-carbon source of energy to be used during a slow transition to renewables in order to minimize the use of carbon-emitting fossil fuels that cause ...
OKD (Czech: Ostravsko-karvinské doly; Ostrava-Karviná Mines) is a major mining company in the Czech Republic, the only producer of hard coal in the country with an annual production of around 8-9 million tonnes from 4 mines with 23 shafts extracting coal from depths ranging from 600 to 1,300 metres below the surface.
Coal produces about 211 pounds (96 kilograms) of heat-trapping carbon dioxide per million BTUs of energy produced, compared to natural gas which produces about 117 pounds (53 kilograms) and ...
In Kosovo, a state-owned energy company plans to destroy a village to make way for expanded coal mining as the government and the World Bank plan for a proposed coal-burning power plant. The government has already forced roughly 1,000 residents from their homes. Many former residents claim officials violated World Bank policy requiring borrowers to restore their living conditions at equal or ...
The Democratic Republic of the Congo has reserves of petroleum, natural gas, coal, and a potential hydroelectric power generating capacity of around 100,000 MW. The Inga Dam on the Congo River has the potential capacity to generate 40,000 to 45,000 MW of electric power, sufficient to supply the electricity needs of the whole Southern Africa region.