Author: develop

Energy Advisory

Now, to secure progress even further, and to serve the energy industry more efficiently,    SYNECTA a.s. has established energy advisory

SYNECTA electronic EN-1 copy

Presentation Brochure.pdf

The prospects for the energy industry are substantial and renewables are the most discussed of the changes.

However, renewables together with modernisation works on existing energy facilities will allow us to create much stronger platforms for long-term, secure and diversified energy supplies.

Although we have identified this substantial potential, we have already been contributing to energy generation efficiency for over 100 years.

As a technical expert, SYNECTA a.s. has already secured strong partnerships with technical, commercial, financing and governmental institutions, and has demonstrated credibility, robustness in selected approaches and timely execution of the assigned works.

This has resulted in establishment of 2.2 GW of installed capacity works and emissions reduction of more than  2 million tons of CO2 per year.

The Sixth International “Waste to Energy 2014” Conference

The Sixth International “Waste to Energy 2014” Conference was held from 24 – 25 March, in Prague at the Clarion Congress Hotel.

Various waste disposal approaches were suggested and discussed by government representatives and different companies at this conference. One group preferred the use of landfills, but most of the audience supported the implementation of the modern methods of incineration with the simultaneous production of electricity and heat.

Interesting reports were given during the discussion, e.g. professor Stehlík, the director of the Institute of Process and Environmental Engineering FSI VUT in Brno, expressed his preference for the construction of smaller incinerator plants with a capacity of 2, 000 tonnes of waste to meet the needs of this region.

At present, there are 3 million tonnes of waste in the Czech Republic. This number is expected to increase up to 5 million tonnes by 2020.
Moreover, the Czech Republic has delayed accepting EU directives in its legislation that is barrier for using EU financial resources.

Frequently mentioned solutions to incinerate waste in Austrian or German incinerator plants are not feasible due to high transportation expenses, and in addition, the produced raw material would remain in these countries for future recycling, without any effect on the Czech economy.

In the Czech Republic, in spite of partial waste incineration in three incinerator plants, such as ZEVO (Liberec, Praha-Malešice, Brno), or in the steel or cement plants, there is still a problem of waste disposal that must be decided. Part of it is returned to industry for recycling. But about 1.5 million tonnes of municipal waste is left that could be incinerated while producing electricity and heat that would save on fuel (gas and coal). Incineration is the cheaper way to produce energy compared to other types of renewables. Moreover, it is important to think about the impact on the environment.

To conclude, the following priority tasks in the development of the waste disposal field should be highlighted and, as a result of efficient energy production, the improvement in social welfare and protection of the environment:

– fulfil the EU directives concerning waste disposal, but the government does not have enough financial recourses for rapid development of this sector;

– as of today, the law on waste disposal is not accepted in the Czech Republic;

– decide with the EU about the extension of the allotted term of resolving waste disposal problem  from 2020 to 2025;

– implement a state energy policy for waste recycling as a source of heat and energy;

– involve private companies and their capital in this field.

SYNECTA a.s. comprehends the importance and necessity of resolving this problem, and is preparing a feasibility study of already applicable methods, and introducing new technology to implement more efficient methods of waste disposal and the reduction of emissions.

Rapidly emerging an international clean energy and renewables advisory, developer and turnkey expert

Source: Magazine Energetika from 3/2014

The Magazine hosted an interview with SYNECTA a.s., quickly emerging as an international clean energy and renewables developer and turnkey project expert with more than 2.2 GW of added installed capacity over the last six years. We asked key principals of the company about their business philosophy, their view of the energy industry, and their analysis of where the company stands amidst the fierce competition. We interviewed Mr Jozef Fortmeier (JF), Chairman of the Board, and Dr Mihails Kuznecovs (MK), Vice-Chairman of the Board.

SYNECTA a.s. key facts:

  • 2.2 GW of clean energy projects established
  • 2’202’698 tCO2e/year reduction
  • Largest projects scale to 478 MW
  • Experts in technical & economic feasibility recommendations, development, plant modernisation, EPC contracts, financing arrangements
  • Headquarters in Prague, Czech Republic
  • Based on the founding of the metallurgical material company in 1903
  • Main partners GE, Siemens, Kuehme, SNC Lavalin, Commerzbank, Rigensis Bank

Can you briefly introduce your company?

MK:We are an international clean energy developer and EPC contractor. Specifically, we offer our services in the three areas of technical & economic feasibility studies, development, and  construction works.  We  have  set  ourselves a clear commitment to contribute significantly to cleaner, more efficient and ecologically friendlier energy generation. Such commitment efforts have already resulted in establishment of 2.2 GW of installed capacity in various stages, and emissions reductions that are equivalent to 2,202,698 tons of CO2 each year. By doing so, we deliver solid commercial returns, yet create tangible social welfare.

JF:Our headquarters are based in the Czech Republic, in the centre of historical Europe, and yet serving as an emerging renewable technologies hub. The combination of new and old values inspires and allows us to concentrate on energy fundamentals research and the establishment of longterm investment opportunities. SYNECTA has been active in the energy market since its foundation in 2007, but has acquired more than 100 years of solid metallurgical material manufacturing expertise from its original parent company, founded in 1903.

Please describe the management, the organisational structure and business model of your company.

MKAt SYNECTA a.s., we have organised our business structure in a way that is transparent and efficient with regard to what we do. We have five departments directly reporting to the Management Board. Among these departments, Strategy & Development and Procurement & Engineering have the most importance. In general, each department and professional has direct contact with the others, which allows for prompt and effective communication between a readily available team of experts.

JF:Among the Board Members, we have in total 45 years of senior management, strategy advisory and engineering expertise. I, personally, have an expertise built on 29 years of dedication to the field of domestic and commercial renewables installations across Germany. Dr Kuznecovs joined the Board after working in global business development management in a Swiss-based firm, and in strategy development for a UK-based company. Mr Jurijs Kuznecovs (Board Member) joined SYNECTA a.s. after occupying finance director, CFO and board member positions in the Baltics and CIS. Our employees are well educated, and as a rule, they have university degrees in the field of their proficiency.

MK:We understand the  complexity and challenges of the energy and renewables industries. This is why our business model is longterm oriented, yet considers shortterm and midterm optimisations based on energy market conditions, related industries, general economic conditions and the overall public reliance of the whole energy industry. We collaborate with the best experts and teamwork is the ultimate prerequisite for the successful establishment of the complex energy  projects. This  is  the  reason we have established business cooperation with Commerzbank, the second largest German bank, which allows us to operate with more efficient financing terms, the benefits of which are passed on to the energy end user.

JF: At SYNECTA a.s., we are continuously thinking about the future and adapting our business strategy model to meet everhigher demands for cleaner and more efficient energy portfolios. This is why we closely cooperate with and always welcome business partners, whether they are well-known or emerging professionals. In our current projects, we work with such recognised names as General Electric, Siemens, Kuehme, SNC Lavalin and various internationally known distribution and freight companies.

Could you elaborate on the energy technologies targeted by Synecta and why.

MKAt SYNECTA a.s. we concentrate on the three key technologies, which we believe, offer the best integration and collaboration of the technological, environmental and commercial aspects of generating cleaner and secure energy: thermal power stations, wind resources and solar deployment.

JFWith regard to thermal power stations, these are the most efficient and economically effective ways to generate secure energy supplies on a larger scale, thereby reducing operating costs and positively impacting electricity pricing. At SYNECTA a.s., we have collaborated on and led the development and reconstruction works for a chain of power plants in the Eurasian region.

MK: As for renewables, the wind is the most cost-competitive and publicly recognised clean energy   renewable  energy  source.  As  my direct experience relates to this type of energy source, we  have set  targets  across  a  number  of countries to develop wind resources. Also we are on course to introduce solar energy installations as these will allow diversification of the energy generation sources and establishment of greater security in energy supplies.

There are widespread debates, both at public and governmental levels, that renewables technologies are not cost-effective and that these significantly increase the electricity prices to the public. Can you provide us your view on the impact of renewables on the energy market and electricity prices?

MK:For the past decade, the energy market has seen increased activity of the renewables introduction. To put this into context, if we refer to the latest OECD/IEA reports, the renewables generation has increased from 2’920 TWh in 2000 to the expected 5’668 TWh by 2015, constituting around 20%- 25% of global energy production (to compare, in Europe the renewables generation is expected to be around 10%-15% of total generation). Some governments have completely or partially slashed renewables incentives (e.g. Scandinavian countries, South Africa) or are still considering the implementation of such policies (e.g. Poland, Belgium) as these are seen to pass the significant cost share to the energy bill. However, we see that competent renewables professionals are able to enhance technologies to make them more competitive with ‘conventional’ energy sources.

The debate over renewables will reach another focal point at some point in the future, because its decisions have prolonged cost effects in the longer term and because the vast majority of countries face a lack of energy independence (Europe is a prime example).

I think that the mixed expectations over the commercial performance of the renewables technologies will contribute to negative arguments. By  commercial  performance,  I  refer to the dependency on the subsidies (i.e. FIT, Green certificates etc.) with exceptions, such as Chile, where the current electricity price is high enough on its own, and coupled with good wind resources, is enough to exploit such poten- tial without support mechanisms. But it leads to a positive side effect, on which I can see SYNECTA build and which allows us to work in two directions: modernisation of existing power plants in order to make the energy generation more efficient which is coupled with establishment of renewables portfolio; and simultaneously allowing significantly lower CO2 emissions. More concretely, we have recently expanded to Eurasia, with projects scaling to 2.2 GW of cleaner energy generation enabling emissions reductions that are equivalent to 2,202,698 tons of CO2 each year. At the same time, we always keep in mind that investments shall not only provide commercial returns, but also create tangible social benefits.

Thank you very much for your time and it was a pleasure talking to you. It would be interesting to see how your company is progressing. We wish you prospective business in the field of delivering more efficient and cleaner energy generation.

JF:Thank you.

MK:It was our pleasure talking to your magazine.

Uzbek and Czech Inter-Governmental Commission Holds Seventh Session

Source: from 31 October 2013  

The Uzbek and Czech inter-governmental commission (IGC) held its seventh session in Tashkent, Uzbekistan, on 31 October 2013. The session’s main focus was economic, industrial, scientific and technical collaboration.


The Turkiston-press reported that the business community in the Czech Republic, led by Milan Hovorka, Deputy Minister of Industry and Commerce, took part in this commission and business forum.

Opening the meeting of the IGC, the Uzbek co-chairman of the commission, First Deputy Minister of Foreign Economic Relations, Investment and Trade, Akmal Kamalov, declared that the volume of mutual trading between the two countries continues to increase dynamically.

‘In 2012, mutual trading increased by 32.3% compared to 2011 and reached USD$77 million. In the period from January to September, this amounted to USD$77.8 million. This was larger than it was last year,’ said Mr Kamalov.

In his speech, Milan Hovorka emphasized that although there is cooperation between the two countries, there is still a lot of untapped potential.



Uzbek companies can offer lots of opportunities to Czech companies. In fact, they could increase the volume of Uzbek export to the Czech Republic. There are also great possibilities in creating joint ventures that offer ways to export Uzbek goods to the EU market.

During a meeting of the IGC, business forum participants considered the perspective of collaboration in different branches of the economy and the possibility of investment collaboration, including the FIEZ  ‘Navoi’ and SIZ ‘Angren’, where there are preferences for investors.

The contractual (legal) basis of development for bilateral commercial and economic relations was realized during an official visit from Uzbekistan’s president, Islam Karimov, to the Czech Republic in January 1997. Agreements were signed about ‘mutual encouragement and the security of investment’, ‘cooperation between the Ministry of Foreign Economic Relations of the Uzbek Republic and the Ministry of Industry and Trade’ and ‘cooperation between the National Bank VED Republic of Uzbekistan and the Commercial Bank of the Czech Republic’.

The prime minister of the Czech Republic, Milos Zeman, visited the Republic of Uzbekistan in April 1999. During his visit, he signed a mutual declaration ‘about the further development of mutually advantageous cooperation’ and an agreement ‘about the international carriage of passengers and freight by motor transport’.

In connection with the accession of the Czech Republic in the EU on 1 May 2004 and the termination of the intergovernmental agreement signed in 1993 ‘about trade–economic and scientific–technical cooperation’, the new agreement ‘about trade–economic and scientific–technical cooperation’ was signed by both sides during the Constituent Assembly of Uzbek and Czech IGC concerning economic, industrial, scientific and technical collaboration in June 2004 in Tashkent.

During the fifth session of the Uzbek and Czech IGC, the inter-governmental agreement about ‘air communication’ was signed in November 2011 in Tashkent.

The most-favoured-nation treatment was established in the trade between the Republic of Uzbekistan and the Czech Republic at that time.

In total, 19 companies from the Czech Republic and the Republic of Uzbekistan participated, including eight companies from the Czech capital.

The representations of 10 Czech companies are accredited in MVESIT of the Czech Republic.

Text: Luisa Mahmudova, NIA Turkiston-press