1. CEZ AS, the Czech Republic's biggest power company, is planning to start trading natural gas and financial coal contracts this year to benefit from price movements and to hedge supplies.
2. It has boosted staff at its Prague trading office this year and is looking for more traders. The trading expansion increases the focus on cross- commodity deals as markets become more interlinked and allows the opportunity to play on spreads between different commodities.
3. It plans to enter the continental gas markets at the Dutch, Belgian and European Energy exchanges
4. It intends to expand trading in emission permits before the end of the year to include Certified Emission Reduction credits. CERS are based on projects in the developing world that reduce emissions of greenhouse gases.
5. It also plans to team up with partners to develop projects
6. It is planning a natural gas-fired plant in the Czech Republic to help meet peak-time demand.
Clairvoyance is the magic wand of revenue
[Click here for full story at: BLOOMBERG.COM]
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