Sev.en Global acquires and takes out of insolvency 50% stake in Callide C Power Station
Press Release (Queensland, Australia, 8. May 2025)
Sev.en Global Investments today announced the acquisition and recapitalisation of the 50% stake in the Callide C Power Station Joint Venture in Queensland, paving the way for the company to emerge from voluntary administration into standard operations.
The Callide Group has been under voluntary administration since March 2023 following multiple major failures of Callide C Power Station in 2021-22, which rendered it completely non-operational and deprived it of revenue and the ability to continue as a viable business. These failures and the responsibility for them remain under investigation.
Recognising the importance of the Callide C Power Station in ensuring the stability of Queensland’s energy supply, Sev.en Global Investments – an indirect minority shareholder in the Callide Group since 2018 – has been a key supporter of the rebuild efforts since the initial serious incident in 2021. Sev.en GI has also provided financial backing to the administration process since early 2024.
This support, aimed at resolving the technical and financial issues that have paralysed Callide C’s operations over the past 4 years, has now culminated in the takeover and recapitalisation of the Callide Group, which holds a 50% stake in the Callide C joint venture.
Alan Svoboda, CEO, Sev.en Global Investments, said:
“With the court's approval of Sev.en’s recapitalisation plan, the Callide Group is finally returning to solvency. We ensured that all proven creditors were paid in full, and the administration process is concluded.”
As a financially stable and active shareholder, Sev.en Global Investments will provide robust oversight of Callide C's operations and will work with CS Energy to enable the delivery of a stable and reliable energy supply. State-owned CS Energy holds another 50% in Callide C and is also responsible for maintenance and operation of the plant.
Alan Svoboda, CEO, Sev.en Global Investments, added:
“Our goal is to restore Callide C to its core purpose – delivering safe and stable electricity to Queensland´s households and businesses. We believe that by stepping in now, we can help stabilise the power station's operations going forward and reduce the risk of supply shortfalls, which have historically led to increased electricity prices for Queenslanders and large losses to its owners.”
The Callide C Power Station is located on the traditional lands of the Gangulu people and comprises of two generating units (C3 and C4) with a combined capacity of 844 MW.
About Sev.en Global Investments
Sev.en Global Investments is a Czech-based investment group that invests across a range of sectors, particularly in steel production, power generation, and the mining of various natural resources. Sev.en GI operates across four continents: Europe, Australia, North America, and Asia.
Australian portfolio includes:
- Delta – owner of the Vales Point Power Station and the Chain Valley Colliery coal mine
- SO4 company – a premium green potash fertiliser producer
- Sev.en Royalties – holder of mining rights in two Australian regions
- Callide C – 50% ownership in the Callide C Power Station in Queensland.
In the United States, Sev.en GI owns:
- Blackhawk Mining – a metallurgical coal mining company producing approximately 9 million tonnes of coal annually
- Golden Eagle Land Company – holds mining rights to over 2 billion tonnes of coal reserves.
European business encompasses:
- InterGen – a power generation company operating four gas-fired power stations in the United Kingdom: Coryton, Spalding, Rocksavage, and Spalding Energy Expansion.
- 7 Steel UK – the nation’s leading producer of low-carbon construction steel and the largest recycler of scrap steel in the UK, with production capacity of 1.2 million tonnes
- 7 Steel Nordic – a premier steel producer providing sustainable reinforcing steel. It operates as a complex group in over twenty locations across Northern Europe.
Sev.en Global Investments is part of the Sev.en Group, whose beneficiary is Mr. Pavel Tykač – a prominent Czech entrepreneur and investor, ranked among the world’s 400 wealthiest individuals by Forbes Real Time Billionaires. For further information, please visit www.7gi.com.
Media Contact:
Veronika Diamantová
Head of Communication, Sev.en GI
e-mail
+420 775 299 337