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Press releases extract filtering:
March 2020

ČEZ advances to the next stage of preparation for mining lithium at Cínovec

After a thorough assessment of the lithium mining project at Cínovec, ČEZ is advancing to the project’s second stage. The second stage does not involve mining but verifying the production process under pilot plant conditions and pilot test lines. This procedure is standard in any potential ordinary mining activities. Steps to obtain other necessary permits may also be taken. This second testing stage may continue until 2023. ČEZ and Severočeské doly a.s. have therefore agreed to a contractual amendment with EMH and its subsidiary, Geomet, which holds preferential exploration and exploitation rights. The amendment will be subject to approval by the General Meeting of EMH shareholders.

March 2020

ČEZ Applies for Permission to Construct Two New Blocks at the Dukovany Nuclear Power Station

Today, ČEZ filed for permission with the State Office for Nuclear Safety to build new nuclear power blocks at Dukovany. This concluded its five-year preparations, being now ready for the licensing process in accordance with the Atomic Energy Act.

March 2020

The ČEZ Group earned CZK 14.5 Billion last year, which is up CZK 4 billion year-on-year

The CEZ Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) was CZK 60.2 billion, up 21% year-on-year. Net income increased by 38% to CZK 14.5 billion. The increase is mainly due to the rise in selling prices of the electricity generated in the Czech Republic thanks to the multi-year presales in the wholesale markets in Germany and also higher profit from commodities’ trading, which at end of year contributed to the significantly higher than expected profit of the ČEZ Group. Net income adjusted for extraordinary effects was CZK 18.9 billion.

January 2020

ČEZ didn´t use the option

According to the 2013 agreement that put an end to the many years of disputes concerning coal deliveries from Vršanská uhelná, the Počerady power plant has been sold, effective 2 January 2024.

December 2019

Michaela Chaloupková and Martin Novák to Continue as Members of the Board of Directors ČEZ

The Supervisory Board of ČEZ confirmed at its session yesterday that Michaela Chaloupková, Administration Division Director, and Martin Novák, Finance Division Director, will continue their offices as members of the Board of Directors. Martin Novák’s next term of office will commence on 24 May 2020, while that of Michaela Chaloupková will begin on 1 January 2020. This will ensure continuity in key corporate management areas.

December 2019

ČEZ commenced operation of a 4MW battery within a joint pilot project with ČEPS

A large-capacity battery system for storing energy and testing various modes of the provided support services for the energy system of the Czech Republic commenced its operation on the premises of the Tušimice Power Station today. The device, activated within a joint BAART research project of ČEZ and ČEPS, was ceremonially opened by the Deputy Prime Minister and Minister of Industry and Trade Karel Havlíček, Chairman of the Board of Directors and General Director of ČEZ Daniel Beneš and Chairman of the Board of Directors of ČEPS Martin Durčák. It is yet another project that utilizes vast power station properties for solutions in the area of the “new power” energy.

November 2019

ČEZ Stock Option Program Canceled

The ČEZ Supervisory Board has approved the cancellation of the Stock Option Program for ČEZ management and has replaced it with a new, stricter system of long-term performance bonuses for members of the Board of Directors. This change was initiated by the Supervisory Board itself one year ago after its new members took up their offices. The new program of long-term performance bonuses improves the consistency of the interests of beneficiaries and shareholders and is linked to stock price, dividend distribution and performance of the company. Thus beneficiaries will, in the long run, participate in the growth or decline of shareholder value. The new system starts 1 .1. 2020.

November 2019

CEZ Group earned CZK 13.6B in the first three quarters — 49% year-over-year growth

CEZ Group’s net income rose by 49% to CZK 13.6 billion for the first three quarters of 2019, and its EBITDA reached CZK 44.7 billion, recording a 16% year-over-year growth. These increases can be attributed in particular to growing electricity selling prices and higher profits from commodity trading. Net income after extraordinary items reached CZK 14.7 billion.

September 2019

INVEN CAPITAL invests in German company Zolar, a leader in digital solutions for rooftop photovoltaic systems.

INVEN CAPITAL, the CEZ Group’s investment fund that seeks out promising projects on the European energy start-up market, has acquired a minority share in German innovation company Zolar. This company provides digital solutions for rooftop photovoltaic installations and combined photovoltaic and battery systems. In addition to Inven Capital, BayWa r.e. Energy Ventures participated in this round of investment with a total volume of EUR 10 million. The existing investors Heartcore Ventures, Statkraft Ventures and Partech Ventures likewise increased their shares.

September 2019

CEZ launched market sounding to divest its assets in Romania

Today, CEZ officially launched the divestment process in Romania. The interest confirmed in writing by the potential investors will be followed by an invitation to submit non-binding offer. CEZ is considering selling seven companies in Romania, keeping only those engaged in energy services (ESCO) activities and part of trading. These steps are in line with CEZ Group's new strategy.