Press releases pg. 76
ČEZ Has Been Granted License to Further Operate Unit 1 of Dukovany Nuclear Power Plant
Unit 1 of the Dukovany Nuclear Power Plant has been licensed to operate further. ČEZ received the order of the State Office for Nuclear Safety yesterday evening.
31. 3. 2016
Daniel Beneš: WE ARE WORKING HARD ON IT
ČEZ IS ONE OF A FEW LARGE ENERGY COMPANIES THAT IS STILL MAKING MONEY. BUT ITS PROFIT IS DECLINING TOO, AS THE PRICE OF ELECTRICITY DECLINES. THE MAIN REASONS ARE THE LOW PRICES OF COMMODITIES, ESPECIALLY OIL, AND THE SITUATION WITH SUBSIDIZED ENERGY SOURCES. THESE ARE REVOLUTIONARY CHANGES, SAYS DANIEL BENEŠ. (Interview for Hospodarske noviny)
18. 3. 2016
ČEZ Decided not to Submit a Binding Offer to Buy Vattenfall’s German Assets
After thoroughly assessing all the related opportunities and risks, ČEZ decided not to submit a binding offer to buy Vattenfall’s German assets. The company is however prepared to further discuss other possible options and terms of the acquisition.
16. 3. 2016
CEZ Group’s 2015 Financial Results Exceed Forecast
Net income adjusted for extraordinary effects was CZK 27.7bn in 2015, which exceeds original expectations by more than CZK 700m despite a further decrease in the realization prices of generated electricity and lower production in nuclear power plants. A positive effect was derived especially from the refund of a portion of tax on emission allowances from 2011 and 2012 and a successfully implemented program of savings and pro-growth measures. CEZ Group managed to cut fixed costs by CZK 3bn while increasing total revenues to CZK 210bn, primarily thanks to increased sales of electricity, gas, and heat to end customers.