Press releases pg. 1

ČEZ Group continues to decarbonise the Czech heat generation business: by 2029, it will replace the first part of coal generation at the Mělník power plant with a low-emission steam-gas source. Representatives of Energotrans and the contractor – a consortium of Metrostav DIZ and Siemens Energy – signed an agreement for a new heat source for Prague.

ČEZ Group has completed the acquisition of a 55.21% stake in the GasNet Group, the largest gas distribution infrastructure operator in the Czech Republic. Natural gas, and later also hydrogen, will play a key role in the future development of the country’s economy. With this acquisition, ČEZ Group supports the transformation of the heat generation industry and its transition from coal to natural gas and hydrogen. The stake sold was previously managed by Macquarie Asset Management, acting on behalf of the funds it manages. The transaction has already been approved by the Czech Ministry of Industry and Trade and the European Commission.

After the government decided on the preferred contractor for the construction of two new nuclear units at the Dukovany Nuclear Power Plant, it is now taking another step forward, to secure a sufficient supply of electricity at affordable prices for future generations. The security agreement approved by the government will make it possible to secure the state’s security interests, by selecting a future partner for the development and construction of modular reactors in the Czech Republic. This document, required by the Low Carbon Act, precedes the selection of the contractor proper.

Ústí nad Labem Region - The largest local investor will invest CZK 100 bn in the transformation and development of the energy sector in the region by 2030. It will build new heat and electricity sources and contribute to the development of education and the preservation of jobs. Further investments will follow until 2040.
* The ČEZ Group is the most important investor in the Ústí nad Labem Region and generates 7 percent of its GDP. Now ČEZ wants to increase its investments in the region.
* ČEZ wants to invest CZK 100 bn in the region by 2030, which is roughly equivalent to two to three times the region’s annual budget.
* Investments will be made mainly in the construction of new heating and power plants and the provision of long-term heat supplies to existing customers in Ústí, Chomutov, Teplice, Klášterec nad Ohří, Jirkov, Bílina and other towns, the construction of gas-fired power plants and renewable sources, and other development projects such as lithium processing.
* New low- and zero-emission energy sources will replace outdated coal in electricity and heat for decades to come and will contribute to the greening of the region.
* The investment will provide jobs for workers in the coal industry, and ČEZ will also intensify cooperation with schools and in science and research.
* ČEZ plans to bring further investments to the region by 2040, as a part of the development of other sources of electricity and heat, e.g. a small modular reactor in Tušimice.
* One of the investments is the acquisition of a 100% stake in ACTHERM Distribuce, which provides heat distribution from the Prunéřov II power plant in Chomutov.