White & Case has advised a consortium of lenders consisting of Ceska Sporitelna, a.s., Raiffeisenbank a.s., and UniCredit Bank Czech Republic and Slovakia, a.s. on the up to CZK 150 million and EUR 123 million financing and refinancing of capital expenditures and acquisition costs for C-Energy s.r.o.
The new financing facility will finance the construction of a new waste-to-energy unit in Plana, which shall be fully operational in the first quarter of 2027, among other projects.
C-Energy is an energy producer specializing in generating power from biomass and natural gas. The plant in Plana nad Luznici is, according to White & Case, "a pioneering facility in the Czech Republic, being the first to completely phase out coal combustion by replacing it entirely with waste wood biomass." C-Energy produces and distributes energy to the Tabor region, and is a leading supplier of ancillary services to the national grid operator. The plant also features the largest battery storage facility in the country, ensuring reliable power supply even during blackouts.
The White & Case team included Partner Jan Linda and Associate Tadeas Matys.
