Half-year reports

Selected Events in H1 2019

January
  • Wind turbine projects with an installed capacity of up to 119 MW were purchased in France.
  • The www.bezstavy.cz site was launched for ČEZ Distribuce customers, where they can get, for example, information about power outages during natural disasters and expected power restoration times.
  • Inven Capital, CEZ Group’s investment fund seeking opportunities in the new energy sector, bought a share in Driivz, a company whose modular charging management system is used by 300,000 drivers globally.

Half-year Report 2019

February
  • Inven Capital sold its stake in sonnen, a Bavarian battery system manufacturer; the selling price was about two times the purchase price.
March
  • The European Parliament excluded nuclear, coal, and gas power from the category of sustainable finance, increasing the risk of a future change in EU regulation-as contrasted to sustainable sources having a “green investment label.”
  • INVEN CAPITAL acquired a share in CyberX, an Israeli company delivering comprehensive solutions for industrial cybersecurity.
  • A memorandum on crisis communication during natural disasters was signed by Czech energy distribution companies ČEZ Distribuce and E.ON Distribuce of the one part and telecommunications infrastructure operators of the other part.
April
  • The agreement with Inercom for the sale of CEZ Group’s assets in Bulgaria was terminated.
  • CEZ Group began selling electric vehicles to households and sole traders.
May
  • A decision was taken to update the dividend policy as follow-up to an update to CEZ Group’sstrategy, which no longer anticipates any major investments in renewables abroad; the payout ratio was raised to 80%-100% of consolidated net income adjusted for extraordinary effects.
  • HERMOS, a German group involved in ESCO services, was acquired.
June
  • An agreement was made with Eurohold for the sale of CEZ Group’s assets in Bulgaria for EUR 335 million (about CZK 8.6 billion).
  • INVEN CAPITAL acquired a share in Neuron Soundware, a Czech company delivering smart solutions for machinery diagnostics based on acoustic analysis of machine operation.
  • A WANO international review began at the Temelín Nuclear Power Plant; final results of the mission will be available in October.
  • The 28th annual shareholders’ meeting of ČEZ was held, approving, among other things, an update to the business policy of CEZ Group and ČEZ, a. s.
July
  • The “Electricity and Gas Market Participant Declaration for Consumer Protection,” which CEZ Group is a signatory to, entered into effect; in the Declaration, suppliers undertook to voluntarily comply with new rules helping to further cultivate energy sales in Czechia.
  • CEZ Group opened its 100th fast-charging station for electric vehicles in Czechia.
  • The Ministry of the Environment i ssued a favorable environmental impact opinion for coal mining extension at the Bílina Mine until 2035

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Half-year Report 2019

Selected Events in H1 2018

January
  • SÚJB’s decision granting an operating license for an indefinite period of time for Units 3 and 4 of the Dukovany nuclear power plant came into effect.
  • ČEZ Distribuční služby ceased to exist as a result of a merger by acquisition by ČEZ Distribuce.
  • ČEZ Inženýring ceased to exist as a result of a merger by acquisition by ČEZ, a. s.
  • A 100% stake was acquired in Polish company Metrolog sp. z o.o.
  • A 25% stake in ENESA was acquired by ČEZ ESCO, becoming its sole shareholder.

Half-year Report 2018

February
  • A sales contract was signed for the sale of CEZ Group’s assets in Bulgaria (Oreshets and Bara power plants as well as electricity distribution, sales, and trading, including the provision of support services).
  • A change in the legal form of INVEN CAPITAL from a closed-end investment fund to an investment company with variable capital (SICAV) was completed, fulfilling the condition for the management of EUR 50 million from the European Investment Bank.
March
  • A technical and economic study of the long-term operation of the Temelín Nuclear Power Plant was completed, confirming the feasibility of the long-term operation of the source by 2060 for Unit 1 and 2062 for Unit 2; no significant safety engineering limitations were identified in the study for operation even beyond this horizon.
  • An integrated permit for the first of CEZ Group’s prepared wind farms in France (Aschères-le-Marché) came into effect.
  • ČEZ Distribuce launched notification of planned outages and failures via email and cell phone texts.
April
  • We opened the first of fast-charging stations for electric vehicles planned in collaboration with the Kaufland retail chain in Czechia.
  • Engineering modifications to the high-pressure stage of the turbine increased the achievable capacity of Unit 1 of the Temelín Nuclear Power Plant by 2 MWe.
May
  • A ČEZ HEATING SERVICE was launched to provide customers with comprehensive maintenance services for their gas boilers.
  • A pilot project for a 3MW lithium-ion battery system was launched at Tušimice; the system should provide ancillary services to the transmission system operator.
  • A favorable opinion was received from the Ministry of the Environment of the Czech Republic on the EIA report for the New Fluidized-Bed Boiler and Gas-Fired Boiler Plant project at Mělník.
June
  • The annual shareholders’ meeting of ČEZ was held, approving dividend payment, among other things; the dividend awarded was CZK 17.8 billion.
  • We opened the first of fast-charging points for electric vehicles planned in collaboration with the Benzina gas station network in Czechia; furthermore, we put into operation CEZ Group’s 100th charging station for electric vehicles in Czechia.
  • A series of public hearings concerning the EIA report for a new nuclear power plant at Dukovany took place in Hungary and Czechia and public debates were held in Austria and Germany.
  • ČEZ published its Sustainability Report for 2017.

Selected Events Until the Closing Date for the Half-Year Report

July
  • American journal Institutional Investor published its international rankings according to which ČEZ has the best investor relations and the best corporate governance system among developing utilities in the EMEA (Europe, Middle East, and Africa) region; Martin Novák was ranked as the best CFO and Daniel Beneš ranked second among the region’s CEOs.
  • ČEZ Prodej’s code of conduct was updated in accordance with the Energy Regulatory Office’s template, now stricter, especially in the supplier switching process; the code of conduct describes rules for traders’ dealings with customers as well as rules for dealings between traders.
  • The transaction to sell CEZ Group’s Bulgarian assets was disapproved by the Commission for Protection of Competition in Bulgaria; the buyer, Inercom, brought an administrative action agai nst the decision.
August
  • ČEZ brought an administrative action against the decision of the Bulgarian Commission for Protection of Competition concerning the sale of CEZ Group’s Bulgarian assets.

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Half-year Report 2018

Selected Events in H1 2017

January
  • Transfer of shares in Tisová Power Plant from ČEZ to Sokolovská uhelná (SU) under an agreement between ČEZ and SU, which resulted in a new contract for coal deliveries until 2025, an agreement resolving all long-term trade disputes, sale of Tisová Power Plant to SU, and termination of all ongoing lawsuits and legal proceedings.
  • Rebranding of CEZ Distributie as of January 3; the Romanian distribution company was renamed to Distributie Energie Oltenia S.A. and uses a new Distributie Oltenia logo.

Half-year Report 2017

February
  • Launch of a battery system rental service, renting battery systems made by sonnen to end-use customers in Czechia.
March
  • Merger of the New Energy division and the External Relations and Regulation division into a newly established division named New Energy and Distribution as of March 1.
  • Rules governing support for renewable electricity generation, increasing the transparency of the whole RES support system, entered into effect in Romania on March 31.
April
  • Completion of a review of the Dukovany Nuclear Power Plant, the fourth of its kind, by WANO’s international mission experts, which identified 9 areas for improvement and 2 good practices transferable to other power plants.
  • Settlement of the sale of a block of shares in Hungarian company MOL and the early redemption of convertible bonds, ending almost ten-year holding of 7.5% of the company’s shares, with a total positive cash-flow balance of CZK 3.4 billion for CEZ Group (the sale of shares not sold in the block sale was completed in May).
May
  • The Supervisory Board of ČEZ, a. s. refused to give its prior consent to the Board of Directors’ proposal to sell Elektrárna Počerady, a.s.
  • Decision to create a separate Nuclear Power division as of June 1; Bohdan Zronek, previously the director of the Temelín NPP and a new member of the Board of Directors of ČEZ, a. s. since May 18, became head of the new division. The organizational units of Temelín NPP, Dukovany NPP, and relevant central functions will be transferred from the existing Generation division to the new Nuclear Power division as of September 1 and the purview of the new division will include ČEZ Energoservis, ÚJV Řež, and other relevant subsidiaries. The new Nuclear Power division will also be responsible for preparing new nuclear units at Dukovany and Temelín.
  • On May 14–23, ČEZ successfully underwent the first WANO Corporate Mission, which reviewed corporate processes especially in headquarters management and administration, performance promotion, communication, and human resources. The mission acknowledged 2 good practices and recommended 2 areas for improvement.
  • A minority share was acquired in Saxon company CLOUD & HEAT Technologies GmbH through Inven Capital
June
  • The 25th annual shareholders’ meeting was held, which approved a dividend of CZK 33 per share, among other things.
  • Signing of an acquisition of 14 operated wind turbines with a total installed capacity of 35.4 MW at Lettweiler Höhe, Germany.
  • Entry into the French market in renewable energy sources by acquiring development projects for 9 wind parks with a planned capacity of up to 101.8 MW. Connection to the grid and the first revenues are expected in 2019–2022.
  • Completion of a sale of residential property in Prague-Písnice for CZK 1.3 billion.

Selected Events Until the Closing Date for the Half-Year Report

July
  • SÚJB’s decision granting an operating license for an unlimited period of time for Unit 2 of the Dukovany Nuclear Power Plant came into effect on July 11.
  • Construction of CEZ Group’s new data center, planned to be put into operation in 2019, was started at the site of the former Tušimice I power plant.
  • Entry into the German ESCO market by acquiring Elevion, a successful company that is one of the largest providers of comprehensive energy services in Germany (specializing in the installations, modernizations, and reconstructions of energy facilities in commercial and industrial buildings). The company’s annual sales are about CZK 8 billion. It employs over 1,800 people.
August
  • Binding offers for ČEZ assets in Bulgaria were received from several parties; the offers are being evaluated.

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Half-year Report 2017

Selected Events in H1 2016

February
  • Units 1 and 2 of the Dukovany Nuclear Power Plant resumed operation.
  • Standard& Poor’s credit rating of ČEZ was reaffirmed at A− including a stable outlook,
  • CEZ Group became a partner of Rockstart, a Dutch startup accelerator, where it will become a minority stakeholder in three portfolios with a total of 30 innovative companies under the Smart Energy program in 2016 to 2018; supported projects aim at innovations intended to make more efficient use of energies.

Half-year Report 2016

March
  • An operating license for an indefinite period of time was received for Unit 1 of the Dukovany Nuclear Power Plant; the validity of the license is conditional on meeting a number of operating conditions.
  • ČEZ Energy Services Forum was organized for the first time, presenting the ČEZ ESCO group’s objectives and products to three hundred business, municipal, and institutional customers.
April
  • A new product line for electricity, ČEZ ELE WITH REWARD, was introduced, offering customers a 20% discount off the basic price list for entering into a three-year contract.
  • Internal investigation into issues associated with insufficient checks of welded joints at the nuclear power plants was finished and systemic measures were adopted.
  • A stake was acquired in tado GmbH, a Bavarian technology company offering smart temperature controllers for homes.
May
  • Unit 4 of the Dukovany Nuclear Power Plant resumed operation.
June
  • The 24th Annual General Meeting was held, which approved, among other things, a gross dividend of CZK 40 per share and the spin-off of a part of the enterprise – the “NJZ ETE” and “NJZ EDU” organizational units.
  • Two units of the Prunéřov II Power Plant were accepted for service.
  • The individual notification of support for renewable electricity generation at the Fântânele Vest and Cogealac wind parks in Romani a was approved by the European Commission (DG COMP).

Selected Events until the Closing Date for the Half-Year Report

July
  • The last of the three units of the Prunéřov II Power Plant was accepted for service, completing the comprehensive renovation.
  • Documents needed for the start of the process of comprehensive environmental impact assessment (EIA) of the planned construction of new units at the Dukovany Nuclear Power Plant were delivered to the Ministry of the Environment on July 20, 2016.
  • A request for arbitration against the Republic of Bulgaria was filed, whereby ČEZ officially commenced international investment arbitration for the non-protection of its investment under the Energy Charter Treaty.
  • An application was filed with the SONS for the extension of the existing operating license for Unit 2 of the Dukovany Nuclear Power Plant, which is valid until December 31, 2016, for until July 10, 2017.

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Half-year Report 2016

Selected Events in H1 2015

January
  • Operation of the coal-fired power plant in Varna, Bulgaria is suspended.
  • CEZ Group’s Code of Conduct enters into effect as a comprehensive summary of the rules of ethical conduct, with a focus on external relations, employee relations, the environment, occupational safety and health, and security of CEZ Group.

Half-year Report 2015

March
  • An extraordinary exercise with a secret scenario is successfully performed at the Temelín Nuclear Power Plant, with the objective of testing reactions to an unplanned situation.
  • A new product, ČEZ WITH REWARD, is launched for natural gas supplies; with a three-year contract, customers are guaranteed prices 7%, 8%, and even 10% below the standard product of the main supplier in the given distribution area in the first, second, and third year, respectively; customers also get an immediate bonus depending on their consumption when entering a contract.
April
  • The International Court of Arbitration of the ICC in Paris dismisses an overwhelming majority of claims exceeding EUR 81m (CZK 2.2bn) brought against ČEZ by the Romanian company Electrica (and its successor in the case, Societatea de Administrare a Participaţiilor în Energie S.A.) for alleged breach of ČEZ’s obligations under the 2005 privatization agreement; the Court admits only a bare minimum of the claimant’s claims, which is not of material nature.
  • The second coordinated exercise in the restoration of the Czech Republic’s electricity system following a major power outage (blackout) takes place.
May
  • ČEZ, a. s. decides not to exercise its first option to sell the Počerady power plant to Vršanská uhelná a.s., a mining company from the Czech Coal group.
  • ČEZ, a. s. updates its dividend policy, increasing the dividend payout ratio to 60–80% of consolidated net income adjusted for extraordinary effects.
  • The OSART 2015 Corporate Follow-Up Mission takes place, verifying that most findings from the OSART 2013 Mission have been resolved; the remaining three findings are found to show sufficient progress.
  • The Government of the Czech Republic approves the updated State Energy Policy, which anticipates, among other things, greater diversification of sources and preservation of the existing full independence in heat and electricity supply but without any major exports of generated electricity.
  • The project for “Teplice District Heating—Reducing Heating Costs and Emissions in Teplice” (a district heating system) is named Project of the Year 2014 in the “Development of Heat Supply Systems” category.
June
  • The 23rd annual general meeting of ČEZ, a. s. is held, adopting a decision to pay a dividend of CZK 40 per share.
  • CEZ Group announces its plan to reduce its greenhouse gas emissions to zero by 2050.
  • Based on a court decision, ČEZ Prodej receives a total of CZK 1.1bn from Správa železniční dopravní cesty (Railway Infrastructure Administration) on account of a 2010 electricity supply contract.

Selected Events Until the Half-Year Report Closing Date

July
  • The Albanian government duly pays another installment of EUR 21.75m (approx. CZK 0.6bn) under the EUR 95m Settlement Agreement, having paid a total of EUR 31.75m since the start of payments; further payments are to be made in yearly installments until 2018.
  • CEZ Group acquires a minority stake, together with the right to participate in the German company’s strategic decision-making, in Sonnenbatterie GmbH, the world leader in the production of battery energy storage systems.
August
  • New regulatory conditions for distribution and sales in Bulgaria are announced with effect from August 1, 2015; the end-customer price is lowered by 1.99%

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Half-year Report 2015

Selected Events in H1 2014

January
  • The European Commission approved allocation of emission allowances for electricity and heat generation in the Czech Republic in 2013.
February
  • EUR 470.2m issue of bonds convertible into MOL Nyrt. Shares.

Half-year Report 2014

March
  • Initiation of revocation proceedings concerning the Bulgarian subsidiary’s electricity selling license
  • A law restricting support for renewable energy sources, including the Fântânele and Cogealac wind parks, came into force in Romania
  • First boiler ignition at the Egemer, Turkey CCGT plant
  • Consolidation of engineering capacities approved with the aim of matching them to internal customers’ requirements and the market situation; cumulative savings are expected to reach more than CZK 1 billion over 4 years.
April
  • ČEZ, a. s. decided to cancel the award procedure for the construction of two new units in the Temelín Nuclear Power Plant
  • Settlement of a buyback of ČEZ, a. s. bonds maturing in 2015 and 2016 with a total value of EUR 300 million, without an option to exchange the bonds for new bonds.
May
  • CEZ Group Customer Code published; it summed up the scope and level of services for households and small businesses
  • The Ledvice heating network project (central heating system) became a Project of the Year 2013 in the “Development of Heat Supply Systems” category at the District Heating and Energy Days 2014 in Hradec Králové
  • An IAEA OSART follow-up mission visited the Temelín Nuclear Power Plant and issued a favorable review of the effectiveness of measures taken in organization and management, operations, maintenance, technical support, feedback, chemistry, radiation protection, and emergency management based on recommendations from 2012; out of the eleven recommendations made in 2012, seven are resolved completely, with the remaining onesin progress.
June
  • Announcement of ambitious goals for cuts in fixed operating costs, aiming to save 16% in comparison to the business plan for 2015 and 2016; the target values of division and segment savings range from 14% to 27%; all economy measures remain conditional on compliance with all safety, legal, and regulatory requirements
  • A settlement agreement made with the Republic of Albania, under which CEZ, a. s. will get back (provided that the conditions precedent are met) EUR 100 min payment of receivables and for the transfer of its share in CEZ Shpërndarje.
  • The annual general meeting of CEZ, a. s. was held
  • Outage started at Unit 1 of the Temelín Nuclear Power Plant in order to exchange three low-pressure turbine components and replace the existing low-pressure oil control system at the turbine with a new high-pressure system to increase the achievable capacity
  • SAFEGUARD Dukovany 2014 exercise successfully conducted, focusing on practicing collaboration between the Czech Army, Czech Police, and CEZ when ensuring the power plant’s external safety
  • CEZ CEO discussed the restriction of support for renewable sources in Romania with the country’s Prime Minister and Minister for Energy.

Selected Events Until the Closing Date for the Half-Year Report

July
  • The structure of the CEZ Group customer line in the Czech Republic was simplified, reducing the time of contact with the IVR system by 60%
  • A new price decision of the Bulgarian regulatory authority SEWRC has been in effect since July 1, 2014; as a result, the margin of the distribution company will drop by app. 4% and that of the sales company by app. 33%.
August
  • A contract to provide CEZ, a. s. power plants’ production capacity was made with Vršanská uhelná for converting their coal to electricity; expected revenue from the provision of the 200MW capacity is hundreds of millions of CZK per year; the contract was made for 2015, with an option to continue with its execution under similar conditions until 2020.

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Half-year Report 2014

Selected Events in H1 2013

January
  • Standard & Poor’s affirmed its A- rating with a stable outlook
  • Control of the Albanian subsidiary CEZ Shpërndarje Sh.A. was lost due to license revocation by the Albanian regulatory authority ERE. Company management was assumed by an administrator appointed by the regulatory authority.
  • The Ministry of the Environment of the Czech Republic issued a favorable opinion within the environmental impact assessment (EIA) of the construction of two units at the Temelín Nuclear Power Plant.

Half-year Report 2013

February
  • Start of revocation proceedings concerning the licenses for the distribution and sales of electricity held by CEZ Group companies in Bulgaria during an unstable political situation in the country.
March
  • A long-term contract concluded between ČEZ, a. s. and the mining company Vršanská uhelná from the Czech Coal group for coal deliveries to the Počerady Power Plant, including an option contract for contingent future sale of the power plant
  • Contract on the sale of the Chvaletice Power Plant concluded with Litvínovská uhelná a.s. (Severní energetická a.s. since August 2, 2013)
  • Completion of the preliminary evaluation of bids for the construction of new Units 3 & 4 at the Temelín Nuclear Power Plant and handover of the evaluation to the bidders.
April
  • 1st place in a Project of the Year competition for heat supply systems in the “Development of Heat Supply Systems” category. The award was won by ČEZ Teplárenská, a.s. for the project to connect the city of Bílina to distance heating from the Ledvice Power Plant.
May
  • Initiation of international arbitration against the Republic of Albania, in which ČEZ, a. s. claims compensation for damage arising from failure to protect its investment in the distribution and sales company CEZ Shpërndarje Sh.A.
  • Juice retail customer program launched
  • Memorandum signed with the Moravia-Silesia Region (as the first region) and the statutory city of Ostrava, concerning their entry into CEZ Group’s Electromobility project.
June
  • The ordinary ČEZ, a. s. General Meeting was held.
  • The process of sale of the Dětmarovice Power Plant was abandoned in its final stage due to GASCONTROL’s withdrawal.

Selected Events Until the Closing Date for the Half-Year Report

July
  • Information about postponing the expected deadline for agreement with the contractor for the new Units 3 & 4 of the Temelín Nuclear Power Plant was published
  • A single operation control system was put into operation for the whole distribution area of ČEZ Distribuce
  • Announcement of intention to provide mobile phone services and become a fully-fledged virtual operator in the Czech Republic.
August
  • The letter of the European Commission’s approval of the sale of the Chvaletice Power Plant was received, which fulfilled the second and last condition precedent for the settlement of the sale
  • Increasing the output of Unit 2 of the Temelín Nuclear Power Plant by utilizing project reserves initiated
  • A complaint and initiative sent to the European Commission against Romania on grounds of restriction of support for electricity generation from renewable sources.

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Half-year Report 2013

Selected Events in H1 2012

January
  • An organizational change was made in ČEZ, a. s., cancelling the position of Chief Operating Officer and reducing the number of other divisions directly managed by the CEO or COO from nine to seven.
  • The company bought back its own bonds worth approx. EUR 350 million in total (approx. CZK 8.9 billion).
  • A loan contract for EUR 40 million (approx. CZK 1.0 billion) was concluded with Goldman Sachs Bank USA.

Half-year Report 2012

February
  • The first portion of a loan of up to EUR 100 million (approx. CZK 2.5 billion) signed with the European Investment Bank.
  • The modernized turbine at the Tisová Power Plant put into regular operation.
March
  • Ceremonial start of construction of a new gas-fired source (840 MW) within the Počerady Power Plant area. The construction should be finished in 2013.
April
  • An organizational change was made in ČEZ, a. s., merging the Distribution and International divisions into a single Distribution and International division.
May
  • License to operate Unit 2 of the Temelín Nuclear Power Plant until May 31, 2022 obtained from the State Office for Nuclear Safety.
  • The second portion of a loan of up to EUR 100 million (approx. CZK 2.5 billion) signed with the European Investment Bank.
  • Notice of intention to examine the possibility of a strategic or financial partner’s participation in the construction of new units at the Temelín Nuclear Power Plant. The partner would probably be able to join the project only after an EPC contract is signed with the contractor selected in the ongoing public tender.
June
  • Comprehensive renewal of the Tušimice II Power Plant finished.
  • A proposal was submitted to end the investigation conducted by the European Commission since 2009 by means of a settlement, in which ČEZ, a. s. would undertake to sell one or more of its coal-fired power plants with a capacity of at least 800 MW.
  • Annual ČEZ, a. s. General Meeting was held.
  • A transaction in which CEZ Group acquired a 100% stake in the Czech company Energotrans and sold a 50% stake in the MIBRAG German mines was settled.
  • The 20th CEZ Group electric vehicle charging station was put into operation.

Selected Events until the closing date for the Half-Year Report

July
  • Envelopes with offers from three qualified bidders for the construction of two new units at the Temelín Nuclear Power Plant received and opened.
  • The selection of a financial advisor for the sale of ČEZ, a. s. coal-fired power plants whom potential buyers can contact was reported.
  • The Czech Republic authorized by the European Commission’s Directorate-General for Climate Action to directly allocate emission allowances in 2013-2020.
  • Investigation into ČEZ Měření’s steps in the detection of unauthorized electricity consumption terminated. The Supreme Court of the Czech Republic dismissed the Supreme Prosecutor’s appellate review.

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Important Events in H1 2011

January
  • Natural gas started to be supplied to end users in the wholesale segment and electricity and gas started to be supplied to retail customers in Slovakia.
  • CEZ Bulgarian Investments B.V., a new company, was established as part of CEZ Group's plans aimed at the development of renewables in Bulgaria.
February
  • The Boards of Directors of ČEZ, a. s., and of AKKÖK, the two major shareholders of Akenerji Elektrik Üretim A.S., adopted a decision to authorize Akenerji Elektrik Üretim A.S. to accept indicative bids in relation to the sale of assets within the company's scope of business.

Half-year Report 2011

March
  • A new gas fired source (840 MW) started to be constructed within the Počerady Power Plant area. The construction should be finished in 2013.
April
  • The 2010 report on the application of the principles of administration and management of companies of the Warsaw Stock Exchange by CEZ was published.
  • CEZ won the competition for implemented district heating and cooling systems projects, organized by the Association for the District Heating of the Czech Republic. CEZ Group along with the Bohumín municipality won the category "Development of Heat Supply Systems" with the project for heat transmission from the Dětmarovice Power Plant and for building a new heat supply system for the town of Bohumín.
  • The action plan of the NEW VISION strategic initiative was adopted.
  • ČEZ Prodej, s.r.o., acquired an internationally recognized certificate of compliance with ISO 9001:2008 from the accredited company Lloyd’s Register Duality Assurance.
May
  • The first partners to be involved in the creation of the infrastructure for electric car charging stations in the Czech Republic presented.
  • A 100% share was acquired in the Romanian company TMK Hydroenergy Power S.R.L., owning a system of hydro power plants near the town of Reşiţa.
June
  • The ordinary ČEZ, a. s. General Meeting was held.
  • ČEZ, a. s., and AKKÖK adopted the decision, based on the assessment of the submitted indicative bids for the purchase of assets associated with the Akenerji company, to invite selected bidders to submit their final bids.
  • OSART mission at the Dukovany Nuclear Power Plant.

Important Events in July 2011

July
  • A domestic bonds program (in CZK) with a total extent of up to CZK 30 billion was established.
  • The plan to sell the MIBRAG mining company and purchase the Energotrans company was announced.
  • CEZ won the Employer of the Year competition in the category of "The Most Desired Company" (based on a research study among university students) and in the category of "Human Resources Managers" for the "Where else ..." project intended to promote studies at university-level technological facilities and recruitment of graduates from such facilities. This competition was organized by the Fincentrum Media company under the auspices of the Ministry of Labour and Social Affairs.

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Important Events in H1 2010

January
  • CEZ Group commences supplying natural gas in the Czech Republic, in a volume of 1.7 TWh to over 90 customers at over 200 connection points. Most are large end-customers of natural gas.
February
  • new company established for purpose of spinning off Chvaletice Power Station organizational unit.
  • announcement released that all suppliers who filed requests to participate in RFP (Request For Proposal) proceedings in the public tender “Completion of Temelín Nuclear Power Station” qualified for participation.

Half-year Report 2010

March
  • withdrawal from consortium that aimed to build a new plant, repair an existing one, and expand coal mining operations in Kosovo.
April
  • a public tender is announced to select a supplier to provide data center services in the period June 1, 2011 – May 31, 2021.
  • Vlastimil Jiřík resigns from the Supervisory Board of ČEZ, a. s. for health reasons.
  • the Smart Region project commences with the signing of the relevant agreement between ČEZ, a. s. and the City of Vrchlabí in Northeastern Bohemia.
May
  • CEZ Group introduces a new safety and environmental protection policy with the aim of increasing the effectiveness of safety management and reinforcing our systemic approach in this area.
  • the second Green Energy Forest is established. The forest, where CEZ Group donates one tree for each customer on the Green Energy tariff, is located in Přimda, West Bohemia.
  • ČEZ, a. s. is recognized by the Ministry of Finance of the Czech Republic as the largest contributor of taxes to the State budget in 2009.
  • ČEZ Teplárenská, a member of CEZ Group, takes over operation of sources and grids belonging to LENOXA, which entered insolvency proceedings. The facilities are located in Brno, Kuřim (South Moravia), Doksy (North Bohemia), and Krajková (Northwestern Bohemia), among other places.
June
  • sales of natural gas commence to household customers in the Czech Republic.
  • start-up of first turbine in the newly-built CEZ Group wind farm at the Fântânele site in Romania.
  • the Board of Directors of ČEZ, a. s., acting with the powers of the General Meeting as sole shareholder of the merged companies ČEZ Distribuce, a. s. and ČEZ Distribuční zařízení, a.s., decides to merge these two companies effective from October 1, 2010.
  • Annual General Meeting of ČEZ, a. s. is held.

Important Events in July 2010

July
  • construction commences on the first CEZ Group biogas station in the town of Číčov in the Pilsen Region. The station’s planned installed capacity is 526 kWe.
  • the unfinished Vranovská Ves solar power plant in the South Moravia Region is acquired.
  • the 2009 Report on Compliance with the WSE Code of Best Practice is published

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