Foreign Equity Shares

We are succesful within European energetics

    Pro správnou funkčnost Flashe je nutné mít povolen JavaScript a nainstalovánu aktuální verzi Flash pluginu společnosti Adobe.
    Plugin je ke stažení zde.


CEZ Group commenced its foreign expansion in January 2005 when it won the privatization tender and obtained majority shares in three Bulgarian distribution companies. In autumn 2005, ČEZ succeeded in the privatization tender for the purchase of majority share in Electrica Oltenia, the largest Romanian distribution company. In 2006, ČEZ Group expanded its foreign portfolio by three power generation plants, the Polish Elcho and Skawina power plants and Varna power plant in Bulgaria. A year later, the most important acquisition was the partnership with MOL, Hungarian oil and gas company, focusing particularly on building gas-fired power plants. In 2008, ČEZ made significant acquisitions in the form of construction of the Europe’s largest wind park in Romania. At the end of 2008, ČEZ was selected by the Slovak government as the partner for the construction of the Jaslovské Bohunice nuclear power plant. In 2008, ČEZ also successfully entered the Turkish market and won a privatization process for an Albanian distribution company. Both acquisitions were completed during 2009. In November 2012, a new sales company Sakarya Elektrik Perakende Satış A.Ş. was established in Turkey, in which Akcez Enerji A.Ş. holds a share of 100%.

Recently, the ČEZ Group is targeting renewable energy sources in foreign countries, especially wind and hydro electricity sources.


vlajka - BulharskoRepublic of Bulgaria

CEZ Razpredelenie Bulgaria AD

The acquisition in the value of several billion Czech crowns allowed ČEZ Group to take over a 67 % share in three Bulgarian electricity distribution companies - Electricity Distribution Company Sofia Oblast AD, Electricity Distribution Company Pleven AD and Electricity Distribution Company Stolichno AD from the Bulgarian state in 2005. This transaction added an additional 1.9 million customers for the CEZ Group. The total amount of electricity supplied by these three distribution companies to their customers per year is 8 TWh. In an area of 39 000 km2 the group supplies electric energy to more than 200 thousand companies and more than 1.7 million households. The companies have more than 3,700 employees.

On2 November 2007 the merger of three Bulgarian distribution companies was registered in the Companies Register. As per that date Electricity Distribution Company Sofia Oblast AD and Electricity Distribution Company Pleven AD were dissolved without liquidation and their overall property was transferred to their legal successor, Electricity Distribution Company Stolichno AD. On 6 December 2007 the companies general meeting decided to change the name of the company to CEZ Razpredelenie Bulgaria AD. The change was registered on 29 January 2008. Further information is available at

CEZ Bulgaria EAD

CEZ Bulgaria EAD was established in the middle of 2005 in order to represent ČEZ Group on the Bulgarian power market. The major activities of CEZ Bulgaria EAD are focused particularly on support of activities of ČEZ Group in Bulgaria.

Another important role of CEZ Bulgaria EAD is coordination of activities of all ČEZ companies in Bulgaria: CEZ Elektro Bulgaria AD, currently the single distribution company CEZ Razpredelenie Bulgaria AD, TEC Varna EAD, CEZ Trade Bulgaria EAD, Eco Etropol AD and Free Energy Project Oreshets EAD.

CEZ Trade Bulgaria EAD

Sale of electricity to customers and trading on the wholesale market are attended to by CEZ Trade Bulgaria EAD. It has obtained a license to perform these activities from the Bulgarian State Commission for Power Engineering and Water Management. The aim of CEZ Trade Bulgaria EAD is to strengthen the stable position on the Bulgarian electricity market and to cooperate with other entities in the area of the electricity market development.

Further information is available at

CEZ Elektro Bulgaria AD

CEZ Elektro Bulgaria AD is a trading company established because of the requirements arising from the change of the Power Act and from the European regulations relating to the accession of Bulgaria to the European Union (particularly Directive 2003/54/EC). ČEZ a.s. owns 67 % of capital of CEZ Elektro Bulgaria AD.

CEZ Elektro BulgariaAD performs all the activities relating to purchase, sale and customer services.

Further information is available at

elektrárna VarnaVarna power plant - TEC Varna EAD

At the beginning of October 2006 ČEZ completed acquisition of the Bulgarian black coal-fired power plant Varna.

Varna power plant is situated in north-eastern Bulgaria close to the Black Sea port having the same name so that its position constitutes a comparatively significant logistic advantage. It has the installed capacity of 1 260 MW (6 x 210 MW), and is the largest conventional power plant of ČEZ Group, until then Prunéřov II. power plant (5 x 210 MW) located in northern Bohemia, was the largest plant. Combusting imported black coal, Varnagenerated 3.73 TWh of electric energy in 2007.

Free Energy Project Oreshets EAD

The 100% subsidiary of ČEZ, a. s. - CEZ Bulgarian Investments B.V. - has acquired a stake in this company. - in 2011. The company acquired in connection with operation of the photovoltaic power station Orešec with a projected output of 4.9 MW. It was launched in the second quarter of 2012.

The objective of this capital investment project is to fulfil an undertaking made by ČEZ, a. s. in its Investment Memorandum concluded following an acquisition of the Varna power station and concerning investments into renewable resources in Bulgaria.

Further information is available at


vlajka RumunskoRomania

CEZ Distributie S.A. and CEZ Vanzare S.A.

In 2005, ČEZ succeeded in the privatization process and obtained 51% majority share in Electrica Oltenia S.A. distribution company. As of 15 March 2007, the sales company CEZ Vanzare S.A. was split off from it (using a method similar to the spin-off defined by the Czech Commercial Code). The original company Electrica Oltenia S.A. now deals only with the distribution of electricity. The company was renamed CEZ Distributie S.A. and its capital and nominal value of shares was reduced. In 2009, ČEZ completed buying out minority shares in both companies, and thus became their sole owner. At present, CEZ Poland Distribution B.V. is a holder of one share in each of the companies.

CEZ Romania S.A. and CEZ Trade Romania S.R.L.

CEZ Romania S.A. is also operating in the country. Its primary objective is to provide maintenance and management services to members of the ČEZ Group and also serves as a team support for possible acquisitions in Romania. Before setting up a separate company CEZ Trade Romania S.R.L. in March 2007, it also carried out electricity trading activities. It has been fully operational since 2006. Shared services have been centralized into CEZ Servicii S.A. (founded in 2007) and are provided to other companies within the ČEZ Group in Romania. This company dissolved in 2010 as a result of merger with CEZ Romania S.A.

větrný park FantaneleTomis Team S.R.L., Ovidiu Development S.R.L., MW Team Invest S.R.L.

In November 2012, ČEZ connected the last of 240 turbines of the Fantanele and Cogealac wind farms to the grid - with the total generating capacity of 600 MW, which means the largest project of its kind in Europe. In connection with this project, ČEZ, a. s. currently owns a 99.9% stake in Tomis Team SRL, through which it also controls MW Team Invest SRL (100% owned by Tomis Team SRL), as well as a 95% stake in Ovidiu Development SRL. The remaining minority stake in Tomis Team SRL and Ovidiu Development SRL is held by CEZ Poland Distribution B.V., a 100% subsidiary of ČEZ, a. s.

Watch the video of theconstruction of the wind park Fantanele-Cogaelac! (filmed: November2012)

MVE ResitaTMK Hydroenergy Power S.R.L.

In 2011, CEZ Romania S.A. acquired 100% share in the Romanian company TMK Hydroenergy Power S.R.L. Assets of the newly acquired company are located near the town of Resita and consist of 4 dams – (Trei Ape, Gozna, Valiug, Secu) and 4 small hydro power plants – (Crainicel I, Crainicel II, Grebla and Breazova). The total installed capacity of the system is about 22 MW.

Further information is available at


vlajka - PolskoRepublic of Poland

CEZ Polska sp. z o.o.

In 2006, ČEZ, a. s., founded a 100% subsidiary in Poland, CEZ Polska Sp. z o.o., whose main objective is to provide maintenance and management services to members of the ČEZ Group in Poland, and to act as a support for further acquisition activities. The company is based in Warsaw.

elektrárna ELCHOElektrocieplownia Chorzów ELCHO Sp. z o.o. and Elektrownia Skawina S.A.

In 2006, CEZ bought majority stakes in power companies Elektrociepłownia Chorzów ELCHO Sp. z oo and Elektrownia Skawina S.A. and significantly strengthened its coal portfolio.

In September 2008, ČEZ purchased the Polish government holding in Elektrownia Skawina S.A. and in 2009, it purchased the remaining minority stakes. Thus, ČEZ, a. s. currently holds a 100% stake in the power plant through its subsidiary CEZ Poland Distribution B.V.

The generating capacity of the Skawina bituminous coal-fired plant,  including a little hydro-power plant in its territory, is 442 MW. ELCHO produces combined electricity and heat in two modern units with the total generating capacity of 238 MW.

In mid-2013 was launched small hydropower plant Borek with installed capacity of 865 kW.

Additional information is available on the following websites:

CEZ Nowa Skawina S.A.

In 2009, CEZ Nowa Skawina S.A. was founded for the purpose of constructing a new plant in Skawina. The company is headquartered in Skawina and it is 100% owned by ČEZ, a. s. Currently the development project is in the status of suspension.

CEZ Trade Polska sp. z o.o.

CEZ Trade Polska sp. z o.o. based in Warsaw was established in 2007 for the purpose of trading electricity in Poland. It is a 100% subsidiary of ČEZ, a. s. Currently, this company supplies electricity to end customers in the segments of large enterprises and SME.

CEZ Towarowy Dom Maklerski sp. z o.o. and CEZ Produkty Energetyczne Polska sp. z o.o.

Other companies in Poland where CEZ has a 100% stake: CEZ Towarowy Dom Maklerski sp. z o.o. (formerly CEZ Cieplo Polska Sp. z o.o.), which performs brokerage services with respect to transactions at the Polish Power Exchange (Towarowa Giełda Energii), and CEZ Produkty Energetyczne Polska Sp. z.o.o., which deals with waste management and energy by-products.

Eco-Wind Construction S.A.

CEZ Poland Distribution B.V. acquired a 67% stake in this company in 2011. This is a developer of wind parks, which has projects in Poland of approximate total output more than 700 MW in their early stage.

In May 2012, CEZ Poland Distribution B.V. increased its stake in the company to 69.03 %.


vlajka - Slovenská republikaRepublic of Slovakia

ČEZ Slovensko, s.r.o.

In Slovakia, the local company ČEZ Slovensko, s.r.o. (100 % subsidiary of ČEZ, a. s., with the registered office in Bratislava) was established in June 2007. Its main objectives are sale of electricity and gas to end customers and local support of ČEZ, a. s. in electricity and gas trading.

ČEZ Slovensko, s.r.o. supplies electricity and gas to all end customer's segments, i.e. to households, SME and large enterprises (big industrial companies) in Slovakia.

The official pages of ČEZ Slovensko are available at

CM European Power International s.r.o. and CM European Power Slovakia, s.r.o.

In December 2008, the co-operation of ČEZ with the Hungarian enterprise MOL, became a joint venture, i.e. CM European Power International B.V., resulted in the foundation of CM European Power International s.r.o. based in Bratislava. In 2009, cooperation of ČEZ and MOL also lead to the registration of the Slovak company CM European Power Slovakia s.r.o. based in Bratislava. The company deals with the generation and distribution of thermal energy.

Jadrová energetická spoločnosť Slovenska, a. s. (JESS)

The company was founded with the assignment to prepare a project to develop a new Jaslovské Bohunice nuclear power station. 51 per cent interest in the company is held by Jadrová a vyraďovacia spoločnosť, a.s., and 49% by ČEZ Bohunice, a.s. (a fully owned subsidiary of ČEZ, a. s.).

JESS Invest, s.r.o.

The company’s task is a project preparation of the Jaslovské Bohunice power station development. The company’s sole owner is Jadrová energetická spoločnosť Slovenska, a.s.


vlajka - MaďarskoHungary

CEZ Hungary Ltd.

The main objectives of the Hungarian company CEZ Hungary Ltd. are sale of electricity to end customers in the segment of large enterprises and to support ČEZ, a. s. in electricity trading in Hungary.

MOL-CEZ European Power Hungary Ltd.

In March 2009, ČEZ acquired a share in Dunai Gőzfejlesztő Kft. This acquisition was also a result of the co-operation of ČEZ and MOL and took place through their joint venture CM European Power International B.V. In April 2009, the company was renamed MOL – CEZ European Power Hungary Ltd.


vlajka - Turecká republikaRepublic of Turkey

Akcez Enerji Yatırımları Sanayi ve Ticaret A.S. („Akcez")

Akcez Enerji A.Ş., a new company based in Istanbul in which ČEZ, a. s. owns a 27.5% share, was established in Turkey in November 2008.

In February 2009, Akcez Enerji A.S., a subsidiary of ČEZ, a. s., acquired a 99.99% share in Sakarya Elektrik Dagitim, A.Ş. (SEDAS).

vodní elektrárna HimmetliAkenerji Elektrik Üretim A.Ş. („Akenerji")

Since May 2009, ČEZ, a. s. has possessed the 37.3614% share in Turkish Akenerji Elektrik Üretim A.S., with the electric power generation as the main line of business. Through Akenerji ČEZ, a. s., owns the share in these companies: Egemer Elektrik Üretim A.Ş., AK-EL Yalova Elektrik Üretim A.Ş., Akenerji Elektrik Enerjisi Ithalat Ihracat ve Toptan ve Ticaret A.Ş., Akkur Enerji Elektrik Űretim Sanayi ve Ticaret A.Ş., Mem Enerji Elektrik Üretim Sanayi ve Ticaret A.Ş., AKKA Elektrik Üretim A.Ş., AK-EL Kemah Elektrik Ǖretim ve Ticaret A.Ş., Akenerji Dogal Gaz Ithalat Ihracat ve Toptan Ticaret A.Ş.

Further information about this company is available at

At present, Akenerji also owns the 45% share in Akcez. In December 2012, the contract regarding the transfer of 22.5% out of this share to Akkök Sanayi Yatırım in Geliştirme Anonim Şirketi ("Akkök") and 22.5% out of this share to ČEZ, a. s. was signed. After the expected conclusion of this transaction, the total share of Akkök in Akcez will amount to 50% and the share of ČEZ, a. s. will also amount to 50%.

Sakarya Elektrik Perakende Satış A.Ş.

In November 2012, a new sales company Sakarya Elektrik Perakende Satış A.Ş. was established in Turkey, in which Akcez Enerji A.Ş. holds a share of 100%. Establishment of the company is a part of the unbundling process.

Egemer - Turecká republikaCombined Heat and Power Plant in Turkey

In August 2014, Together with its partner, Akkök of Turkey, the CEZ Group has accepted from their contractor a newly built combined heat and power (CHP) plant of Egemer in southeast Turkey and started its live operation. Being a highly efficient source of heat and power with 57% efficiency and a service life of minimum 30 years, the plant should generate up to 7,000 GWh of electricity every year.


Further foreign capital participations of the ČEZ Group

vlajka - AlbánieRepublic of Albania

CEZ Shpërndarje Sh.A.

In May 2009, ČEZ, a. s. acquired a 76% share in Operatori i Sistemit te Shperndarjes Sh.A., an Albanian distribution company based in Tirana.  The balance of 24% is owned by the state of Albania.  The company was renamed CEZ Shpërndarje 2010. Currently there ČEZ don´t exercises its shareholder rights, since 21.1.2013 trustee has de facto control over the company.

Shared Services Albania Sh.A.

CEZ Albania Sh.A., a 100% subsidiary of ČEZ, a. s., was registered in Albania in April 2009.  The company is based in Tirana.  The company was established for the purposes of supporting activities of the ČEZ Group in the subject territory and providing shared and supporting services. In March 2013 the company was renamed the Shared Services Albania Sh.A. In June 2014, the Settlement Agreement took effect as made between companies of the CEZ Group and Albania. According to the Agreement, ČEZ is going to receive a total of EUR 100 million, an amount similar to its initial investment in acquiring the Albanian power distribution company.

CEZ Trade Albania Sh.P.K

CEZ Trade Albania Sh.P.K., 100% owned by ČEZ, a. s., was registered in Albania in September 2009 for the purposes of electricity trading.  It is also based in Tirana.


vlajka - Nizozemské královstvíKingdom of the Netherlands


In December 2007, CEZ MH B.V. was established (100% share), through which ČEZ holds 7% of MOL Nyrt shares.

CEZ Silesia B.V., CEZ Chorzow B.V., CEZ Poland Distribution B.V.

ČEZ, a. s. acquired three other companies – CEZ Silesia B.V., CEZ Chorzow B.V. and CEZ Poland Distribution B.V. – in connection with acquiring stakes in Poland’s power utilities Elektrocieplownia Chorzow ELCHO Sp. z o.o. and Elektrownia Skawina S.A in 2006. ČEZ took over the current ownership model of Polish power plants through these companies. CEZ Poland Distribution B.V. and CEZ Silesia B.V. also hold minority shares in Turkish and Romanian companies of the ČEZ Group.

CM European Power International B.V.

The ČEZ-MOL joint venture, headquartered in the Kingdom of theNetherlands, was founded in July 2008 under the name CM European Power International B.V., with ČEZ owning a 50% share.

CEZ International Finance B.V.

In May 2009, CEZ International Finance B.V. was registered in the Kingdom of the Netherlands in order to fund selected projects of CEZ.

Aken B.V.

ČEZ, a. s., also owns a share in AKENA B.V. through the Turkish company Akenerji Elektrik Üretim A.S.

CEZ Bulgarian Investments B.V.

In January 2011, CEZ Bulgarian Investments B.V. was established in the Netherlands. This is a 100% subsidiary of ČEZ, a. s., established with the aim of supporting the development of renewable sources of the ČEZ Group in Bulgaria.


vlajka - SRNFederal Republic of Germany

CEZ Deutschland GmbH

The ČEZ Group has been operating in Germany since 2001.  The main objective of CEZ Deutschland GmbH was electricity trading in the territory of Germany.  Due to the market liberalization and change of commercial strategy of the ČEZ Group in Germany, electricity trading through CEZ Deutschland GmbH was inhibited and terminated during the year 2008, and the outstanding business activity was taken over by ČEZ, a. s.


vlajka - Republika SrbskoRepublic of Serbia

Since 2006 ČEZ Srbija DOO has been operating in the Republic of Serbia, focusing particularly on search for acquisition opportunities. It has also obtained a license for electricity trading in Serbia.

The decision of arbitration panel about ČEZ’ claims in an arbitration initiated in 2009 on the grounds of breached contractual conditions in a project for the reconstruction of an old power plant and the construction of a new power plant of Gacko in Bosnia and Herzegovina was settled today. ČEZ received damages totalling approximately EUR 7.5 million in exchange for signing a share purchase agreement concerning joint holding company.


vlajka - Bosna a HercegovinaBosnia and Herzegovina

In March 2008, CEZ Bosnia and Herzegovina d.o.o. was registered. It is a 100% subsidiary of ČEZ, based in Sarajevo. The company was founded to promote the ČEZ Group’s activities in the region.


vlajka - KyprRepublic of Cyprus

In connection with a project of a wind park Fantanele and Cogealac, Tomis Team S.R.L. acquired a 100% share in Taidana Limited.