The German Elevion Group, a member of CEZ Group, will deliver complete central energy systems for combined electricity, heat, and cold generation for BMW Group’s headquarters and production facilities in Munich. The delivery should be completed in the second half of this year.
Negotiations between CEZ and Inercom about fulfilling the contract condition took place from Tuesday March 6th and finished this Friday. The main purpose of the meetings was preparation of documents for the application to the Bulgarian anti-monopoly office (KZK). During the negotiations, representatives of Inercom also presented an official enquiry, if in the current situation there exists a possibility for the Bulgarian state to enter into the transaction.
The CEZ Supervisory Board has granted consent to the sale of the Bulgarian assets to Inercom. The package contains seven companies: CEZ Bulgaria, CEZ Elektro Bulgaria, CEZ Razpredelenie, CEZ Trade Bulgaria, CEZ ICT Bulgaria, Free Energy Project Oreshetz and Bara Group. Following interest of investors in the second half of 2016, CEZ Group started the sales process, the signing of the contract is expected in a few days. Taking into account the sales price, the Group’s fourteen-year-investments in its Bulgarian operations yielded an overall positive return. The international arbitration, which CEZ initiated against the Republic of Bulgaria in July 2016, is not affected by the transaction and ČEZ continues to proceed with it.
Inven Capital is changing its legal form to meet the EIB’s condition for EUR 100 million co-investment
Inven Capital, the investment fund of the CEZ Group, has changed its legal form from a closed-end investment fund to a variable-capital joint-stock company (SICAV). With this step, the company fulfills the condition of the European Investment Bank for creation of a joint investment initiative to support the growth of small and medium-sized enterprises in the clean energy and smart technologies sectors. The agreement on co-financing was signed by both parties in mid-December in Prague. The joint investments shall amount to EUR 100 million.
Prague, 30. January 2018 – CEZ Group wind farms operated in Germany generated nearly 270 million kWh of power in 2017. The Group owns 53 wind turbines in Germany, with their installed capacity totaling some 135 MW.