NRG Energy Sells Its Stake in MIBRAG
NRG Energy, Inc. sold its 50% ownership
interest in mining company Mibrag B.V. for
$260 million to a consortium of Severočeské
doly Chomutov, the largest brown
coal mining company in the Czech
Republic and member of the CEZ Group,
and J&T Group, a Czech Republic-based
investment company. Mibrag B.V.’s principal
holding is Mitteldeutsche Braunkohlengesellschaft
mbH (MIBRAG), an integrated
coal mining and power generating
business located in central Germany. NRG
continues to maintain its 41.9% interest in
Schkopau, a 900-mw coal-fired power station
located near Halle, Germany, which
buys coal under a long-term contract from
MIBRAG’s Profen mine.
As featured in Womp 2009 Vol 06 - www.womp-int.com