ČEZ Group reports 2016 net income of CZK 14.6 billion. Adjusted for extraordinary effects generally unrelated to the year’s ordinary financial performance, its net income was CZK 19.6 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were CZK 58.1 billion (a decrease of CZK 7 billion year-on-year, of which CZK 6.1 billion was due to decreased realization prices of generated electricity). The proposed dividend for 2016 is CZK 33 per share.
ŠKODA PRAHA has selected General electric (GE) as a partner to an agreement which outlines conditions of the cooperation between the two companies on the project in Montenegro - construction on turn-key basis of the coal-fired power plant TPP Pljevlja II. The companies agreed to work as partners aiming to construct the power plant TPP Pljevlja II and also help final customer Elektroprivreda Crne Gore (EPCG) to find a suitable financing for the project. By the end of February 2017 ŠP expects to present EPCG a final proposal of the financial structure and financing conditions for the project.
The energy conglomerate CEZ Group has selected the winners of its tenders for the sale of its housing assets in Prague Písnice and a residential building in Prague Vršovice. It has also selected the winner of a tender for the sale of an adjacent commercial center in Prague Písnice.
CEZ Group Continues To Invest in the German Wind Energy Sector. Total Installed Capacity in Germany Nears 100 MW.
CEZ Group has acquired another 35 wind turbines with a total installed capacity of 85.25 MW in the German market. Its eight wind parks are dispersed over northern Germany and all of them have already been commissioned. Operating support is obtained under the contract with wpd windmanager, a sister-company of the reputable seller, wpd AG. The wind farms benefit from the 20-year feed-in tariff.
The wind park with a total installed capacity of 12.8 MW was built as a turnkey project in southwest Germany. CEZ acquired the project, including a 20-year feed-in tariff subsidization contract, from AREAM, a German Investment and Asset Manager.
New measures taken by Temelín to protect the environment were checked by experts from international audit firm Det Norske Veritas in recent days. According to the auditors, Temelín protects the environment in compliance with new international standards that have been in effect since the beginning of this year. The Southern Bohemian nuclear power plant thus successfully defended its prestigious environmental certificate.
Prague, November 14, 2016 — Charging an electric vehicle quickly and rushing on through the Czech Republic to neighboring countries will soon be more comfortable. ČEZ Electromobility, the operator of the largest Czech EV charging network, presented its plan for further construction of public fast charging stations today. More than 40 such stations will be built thanks to a grant provided under the Connecting Europe Facility (CEF), an EU facility used by the European Commission to support the construction of charging stations along the TEN-T network of major roads to interconnect Europe.
CEZ Group reports CZK 14.7bn as its net income in the first three quarters of this year. After adjustment for extraordinary effects that are generally unrelated to ordinary financial performance, its net income was CZK 16.7bn. Its EBITDA was CZK 43.8bn. Decreasing realization prices of electricity accounted for CZK 4.5bn of the year-on-year decrease of CZK 4.6bn.
Electricity that would last 60 Czech households for a month was generated in two hours by an important backup system at the Temelín power plant. The readiness of a main diesel generator was verified by a two-hour test. Every main diesel generators undergoes a “live” electricity generation test once a year. The latest test was carried out on diesel generator no. 1.