Nuclear Power Plant news pg. 2575

CEZ Power Company reached net profit of 10,371bn CZK in the first quarter of the year, which was a year-on-year increase of 39 per cent. Operating profit of CEZ Group was 14,816m CZK. The growth was mainly influenced by an increase in trade margin, higher sales, a significant improvement in the economic performance of Bulgarian distribution companies of CEZ Group and enlargement of the Group by the Romanian distribution company Electrica Oltenia. While revenues rose, the company managed to keep its costs under control and they grew at a lower pace.

Both Unit 1 and 2 are in operation at full rated power. All auxiliary systems are working in accordance with the operation needs of individual units.

The Russian company TVEL will become a new fissionable fuel supplier for Temelin Nuclear Power Plant from 2010. In that year the contract with the American firm Westinghouse expires. The contract of fissionable fuel supply for two VVER-1000 reactors of Temelin Nuclear Power Plant has been concluded by the representatives of CEZ, a.s. and the Russion corporation TVEL today. The contract has been signed by Jiri Borovec, Vice-Chairman of the Board and director of production division, and Daniel Beneš, Vice-Chairman of the Board and director of administration division, on behalf of CEZ and Anton Badenkov, deputy president of the company, on behalf of TVEL.

The Board of Directors of CEZ Power Company decided to revoke the tender for the sale of Dvur Kralove heating plant and to terminate its sale.