Press releases pg. 140
CEZ has submitted a binding offer for Romanian distribution company Electrica Muntenia Sud
CEZ Power Company has today submitted, within a privatization tender, an official binding offer for a 67.5 % share in the Romanian distribution company Electrica Muntenia Sud S.A.
31. 1. 2006
CEZ has signed agreements to acquire the majority stakes in two Polish power plants Elcho and Skawina.
Today in Amsterdam, representatives of CEZ Power Company and PSEG Global have signed agreements about the purchase of all shares in PSEG Distribution BV and PSEG Silesia BV, the majority shareholders in Polish power generation companies Elektrownia Skawina S.A. and Elektrocieplownia Elcho Sp. z o. o. CEZ has definitely succeeded in both tenders for selling these companies by this act.
31. 1. 2006
Market capitalization of CEZ has exceeded 20bn USD
Market capitalization of CEZ has got over 20bn USD in these days, which was supported, together with increasing stock quotation on the stock exchange, by stronger exchange rate of the Czech crown. As a result, the trend of reinforcing position of CEZ as the largest Central-European firms (including Austria) according to market capitalization continues. According to its market capitalization, CEZ has caught up on such world firms as Sharp, Veolia or Volvo.Total market capitalization of the company for all share-holders has risen by 373.2bn CZK to present 475.6bn CZK under the current management.
30. 1. 2006
CEZ´s Electricity production from renewable sources increased by 19 % and amounted to 1.45 TWh in 2005.
Total electricity production in CEZ´s renewable sources in 2005 was higher than in the year 2004. This steady increase was kept by hydro-power plants, which produced over 1.3 TWh in the twelve months of 2005. Production in wind-power plants and utilization of solar energy remained roughly at the same level. Production by biomass combustion was the only one to record a marked year-on-year decrease.