WARSAW - Energy group EPH has put in a bid for the Czech gas storage business that Germany's RWE is planning to sell, two people familiar with the matter told Reuters.
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RWE, Germany's largest power producer, earlier this month said that a sales process for the asset was at an advanced stage, adding it had received encouraging feedback from potential buyers in the Czech Republic and across Europe.
EPH, a private energy group that owns energy assets in several European markets, has a portfolio of storage facilities in Slovakia, the Czech Republic and Germany, according to its website.CEZ, the Czech Republic's top power utility, has not placed a bid, CTK Agency reported earlier this week.
RWE Gas Storage CZ operates six underground gas storages with a total volume of 2.7 billion cubic meters, enough to supply the Czech Republic for two months during winter time.
EPH and RWE both declined to comment.