Press releases pg. 49

ČEZ Energy Group and Vršanská Uhelná from the Sev.en Energy Group have agreed that the Počerady Power Plant burning brown coal will be transferred to Vršanská Uhelná at a higher purchase price at the end of this year, as of December 31, 2020. The transfer of the power plant was already agreed in a contract from 2013, and was to take place on January 2, 2024. ČEZ is thus further fulfilling its strategy of gradually moving away from coal-fired power plants and switching to low-emission or completely emission-free sources.

ČEZ received a permit from the State Office for Nuclear Safety (SÚJB) for further operation of Unit 1 of the Temelín Nuclear Power Plant. The operation permit is subject to regular ten-year cycles, during which Czech nuclear power plants must demonstrate that they meet all the conditions related to their safe operation. The documentation handed over alone contained 163,000 pages of professional documents.

INVEN CAPITAL, which invests into promising start-ups in the new energy sector, has acquired a minority share in the Swedish company Eliq, using funds from both its investors: CEZ Group and European Investment Bank. The company specialises in developing applications which help energy companies precisely analyse household consumption patterns and subsequently offer customers tailored cost-saving solutions. The co-investor in this EUR 5 million round of investment, alongside Inven Capital, was Contrarian Ventures, which is a VC fund from Lithuania specialising on smart energy investment.

Today CEZ Group officially started the divestment process in Poland. After the market sounding, interested investors will be asked to present non-binding offers. CEZ intends to sell five companies in Poland, keeping only those engaged in modern energy services (ESCO). The divestment is in accordance with the current CEZ Group´s business strategy.