ČEZ Group generates net profit of CZK 14.4 billion in first quarter of 2012

The CEZ Group’s year-on-year earnings increased by four billion crowns (7%) to attain a level of CZK 60.8 billion. Operating profit prior to depreciation (EBITDA) decreased year-on-year by CZK 0.3 billion (1%) to CZK 26.3 billion and net profit decreas

CEZ to consider the inclusion of a strategic partner in the completion of Temelín

CEZ Energy intends to consider the possibility of a strategic partnership in the completion of the Temelín Nuclear Power Station. It is usual in Europe that nuclear projects are built and subsequently operated by consortiums of several companies; the Fr

CEZ Group Generated CZK 40.8 Billion as Its Net Profit for 2011

The Net Profit of the CEZ Group exceeded the expected all-year figures by CZK 0.7 billion, reaching CZK 40.8 billion. The CEZ Group significantly surpassed last year’s planned figures in Operating Profit Before Depreciation (EBITDA), which exceeded the

Internal Audit Examined Contracts for Škoda Pilsen

The contractual relationships between CEZ and Skoda Power have been at arm’s length and set in a usual formal manner, including provisions on liquidated damages. Having examined the documentation pertaining to CEZ’s contracts for Skoda Power, Internal

Czech Republic Completed Its National Report on Nuclear Power Plant Stress Tests

On October 31, 2011, ČEZ submitted its “Final Reports” on stress tests conducted at Czech nuclear power plants. After their evaluation, the State Office for Nuclear Safety prepared a “National Report” and submitted it to the European Commission.

Ecofin approves EU budget for 2012

The Economic and Financial Affairs Council (Ecofin) has approved the EU budget for the year 2012 in the volume of EUR 129.088 bln.

Europe’s state-of-the-art smart grid project starts officially, includes CEZ Group’s Smart Region

Prague, 23 November 2011 – A project named Grid4EU, aimed at the development of smart grids in the European Union, has been launched officially. It is so far the largest demonstration project in power engineering supported by the European Union. Six E

CEZ Group Confirmed Its 2011 Net Profit Expectations at CZK 40.6 billion

The CEZ Group has today announced its financial results for the first three quarters of 2011 and its expected all-year figures. As expected, CEZ’ Operating Profit Before Tax declined by 6.9% year on year to CZK 62.4 billion. This is due to lower eff

CEZ Invited Qualified Candidates to Submit Bids to Complete the Temelín Nuclear Power Plant

CEZ has today handed over an Invitation to Submit Bid with the relevant Tender Documentation to the three candidates that have qualified for the tender for the public contract of “Completion of the Temelin Nuclear Power Plant”.

New Vice-Charman of the Board

At today’s session the Board of Directors of CEZ elected Mr. Martin Novak as its Vice- Chairman.

CEZ’ New CEO Changes Organization Structure, Slimming Down Top Management Team. Two New Members of the Board of Directors Elected.

The Supervisory Board of CEZ has today elected two new members of CEZ’ Board of Directors and discussed a proposal of Mr. Daniel Benes, the new Chairman of the Board of Directors and Chief Executive Officer of CEZ, for corporate organization structu

Daniel Beneš Has Become CEZ’ Chairman of the Board and CEO

The Board of Directors of CEZ has elected Daniel Benes, former Vice-Chairman of the Board and Executive Director of CEZ, as its Chairman. He has replaced Martin Roman who resigned yesterday. Daniel Benes has thus also become CEZ’ Chief Executive Offic

ČEZ Group Raised This Year’s Profit Estimates by CZK 500 Million

The Net Profit of CZK 23.9 billion recorded by the ČEZ Group for the first six months of this year have already exceeded the profit generated by its much bigger rival, the German-based group of E.On (EUR 948 million, equivalent to some CZK 22.8 billion)

CEZ to Acquire Energotrans and to Sell Its Stake in MIBRAG

The CEZ Group is going to acquire Energotrans, a company supplying heat from Melnik to Prague, and to sell its 50% equity stake in MIBRAG, a mining corporation, to the other shareholder, holding contractual right, Energeticky a prumyslovy holding. This