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ČEZ Group achieves a midyear profit of 28.7 billion crowns
The net profit of the energy ČEZ Group in the first half year fell year-on-year by 6.5 billion CZK to 28.7 billion CZK. Its EBITDA fell by 4.6 billion CZK. The fall in electricity prices was the main impact.
9. 8. 2010ČEZ draws attention to the suspicion of TES Praha being an intentional or unintentional party to tax evasion.
This year in May the company ČEZ drew the revenue office’s attention in writing to its suspicion that the company TES Praha, a.s. could have become an intentional or unintentional party to so-called carousel transactions resulting VAT evasion. In April ČEZ, when these transactions began intensively, it began to suspect that this trader may be breaking the law. Therefore it submitted all source documents to the revenue office. ČEZ also stopped trading with emission tickets and with other companies which used a similar trading model as TES Praha a.s. Standard trading with other reputable partners continues.
10. 6. 2010Foreign companies of the CEZ Group bring positive results
Even in the last year, the foreign companies of the CEZ Group experienced processes the purpose of which was to enhance their production capacity. In total, the accumulated EBITDA (operating income) of the foreign companies has amounted to nearly half of the investment. CEZ gains CZK 5.5 billion on dividends.
2. 6. 2010First turbine of Fantanele wind farm was connected to the grid
Fantanele, Romania – Yesterday (1st June) at 5:25 pm. of the local time, the first of a total of 240 wind turbines was commissioned in the project of the largest European wind farm Fantanele – Cogealac which is under construction by the CEZ Energy Company in the Romanian province Dobrogea.
31. 5. 2010ČEZ handed over the EIA documents regarding completion of the Temelín nuclear power plant to the Ministry of Environment
The ČEZ company has delivered the documents regarding effects of the “New nuclear source in the Temelín locality, including power transmission to the Kočín switch yard” on environment today. It is a further step within the process of environmental impact assessment (EIA) that follows the preliminary proceedings and its conclusions.
19. 3. 2010CEZ: No development in DNV Evaluation Report, the interpretation was unilateral
We are surprised that key knowledge presented by DNV in the press conference of the Ministry of Environment is that planned efficiency of the reconstructed power plant is 40.19%. This information of the Ministry of Environment has been known and well justified since June 2008 that we submitted a EIA application. Higher efficiency is not feasible to implement on reasonable economic conditions due to quality and volume of available coal. This information is available both to media and the public for a long time.
10. 3. 2010ČEZ, a. s. press release concerning Information Meeting
Today, in the headquarters of CEZ, a. s., the Information Meeting of company representatives with candidates qualified in procurement procedure of public contract: "Completion of the Temelín Nuclear Power Plant".
5. 3. 2010Consortium CEZ/AES will not attend the tender proceeding in Kosovo
Energy companies CEZ and AES had closed their cooperation in the consortium, which will not attend the ongoing tender proceeding for construction of new generation capacity and reconstruction of the existing power plant, including adjacent coal mine Sibovc in Kosovo.
1. 2. 2010Complex refurbishment of Prunéřov or fiction versus reality
Prunéřov – Nongovernmental organisations systematically argue about the planned complex refurbishment of the Prunéřov II Power Plant with their half-truths or untruths. It is not the truth that the prepared modernisation will damage environment in North Bohemia. It is not the truth that ČEZ wants to install obsolete technologies. The contrary is the case, the fictive option promoted by nongovernmental organisations is infeasible in reality not just in technical and economic aspect but also in terms of ecology.
25. 1. 2010Due to biomass electric power flew in 94 thousand households
Prague, 25 January 2010 – In 2009 the ČEZ Group produced over 327 million kWh of electric power from biomass in consumer’s power plants. Improvements of the Hodonín power plant enabling increased volumes of the burned biomass proved to be positive.
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