Press releases pg. 3

The construction of the largest photovoltaic power plant in the centre of Prague has begun at the Prague Congress Centre (KCP). A total of 2080 solar panels will be erected on an area of 7000 square metres, saving the Prague Congress Centre CZK 5.5 million in electricity costs annually. Photovoltaic technology will complement one of the largest energy saving projects in the Czech Republic, which is being implemented at the KCP by ENESA, a subsidiary of ČEZ ESCO. The project has saved the centre CZK 32 million this year.

In the third quarter, the operating profit before depreciation (EBITDA) reached CZK 30.0 billion and the net profit was CZK 18.7 billion. For the first three quarters, EBITDA amounted to CZK 89.3 billion. The year-on-year increase of 88% reflects the enormous growth in commodity prices on the wholesale markets, the record profit from commodity trading on foreign markets, as well as the high operational reliability of power plants this year. Net income was CZK 52.3 bn ČEZ Group increases its full-year EBITDA outlook to the level of CZK 115 to 125 billion and net profit adjusted for extraordinary effects to the level of CZK 65 to 75 billion.

ČEZ Group is also setting an example in energy-saving behaviour in its power plants, as it plans to achieve significant savings in internal consumption in the coming years and gain additional energy by installing innovative emission-free sources. By these means, the company expects to achieve cumulative savings and added generation in the order of thousands of megawatt hours per year.

The ČEZ Group Datteln project received operating support of 58.7 EUR/MWh in a German auction of onshore wind power plants. Depending on the correction factor actually used, this will secure it a 78 EUR/MWh tariff for 20 years from connection. This will gain ČEZ further experience in the preparation of wind projects, which it can apply in the Czech Republic. At the same time, it will support a security power supply in Europe that is independent of Russia.