Press releases pg. 111

CEZ Group reached profit of 29bn CZK in 1st half

CEZ Power Group reached a net profit of 29bn CZK in the first half of this year, which was a year-on-year increase of 38 percent, despite a negative influence of the strengthening crown. The growth was given by higher production with increasing share of cost-effective nuclear resources, increase in wholesale electricity prices, operating cost savings and the results of CEZ Group´s foreign activities. CEZ has also raised its full-year profit forecast to 48.6bn CZK.

14. 8. 2008

Foreign activities

The Joint Venture Company of CEZ and MOL has been established

The incorporation of the CEZ-MOL Joint Venture has been finished in line with the joint venture agreement between CEZ and MOL signed on 20 December 2007. CM European Power International is the first entity of CEZ-MOL Joint Operation with initial capital of EUR 8.3 mil.

21. 7. 2008

Power plants

CEZ is asking the Ministry of the Environment to assess the environmental impacts of potential completion of Temelin

CEZ wants to facilitate complex environmental impact assessment of a proposed completion of the Temelin Nuclear Power Plant, and therefore has today asked the Ministry of the Environment to carry out the EIA.

11. 7. 2008

Foreign activities

CEZ succeeded in Turkey

CEZ Power Company in consortium with a local Turkish partner has succeeded in today’s auction of the distribution company Sedas.

1. 7. 2008