Press releases pg. 173
Last year CEZ made a profit of 6.3 billion CZK, which translates into a 10% increase compared to the previous year
CEZ made a net profit of 6.3 billion CZK in 2001, which is 0.6 billion more then it generated in 2000, i.e. the company managed to increase its profits by 10 per cent. The increase in profits is due to cost-effective measures, which resulted in reducing the overall costs by 2 billion CZK, thus making up for relatively smaller revenues generated by the sold electricity volume.
28. 2. 2002
CEZ has renewed its revolving loan
CEZ Power Company signed an official agreement yesterday, thus renewing a revolving loan which had originally been concluded in October 1996 for the amount of $ 200 million repayable over a 5-year period.
31. 1. 2002
CEZ spent more than a billion CZK on ecology last year
The preliminary statistical data indicate that CEZ Power Company invested more than a billion CZK into environmental protection programmes. Considerable funds were invested especially into the areas of treating waste generated by coal-fired power plants (dry removal of flue ashes, the process of re-cultivating landfills and sludge beds), into the adjustments of water economy of the power plants or further optimisation of the plants.
18. 1. 2002
Ales Tomec appointed the new director in charge of hydro-power plants
The Monday meeting of CEZ Executive Board approved Ales Tomec as the newly appointed director of CEZ organisational unit - Hydro-Power Plants. Mr. Tomec was offered this job when he was leaving his position of the Chairman of the Executive Board and the General Director of CEPS, a. s. Ales Tomec assumed his responsibilities in the new position as of January 15, 2002.