Press releases pg. 75
CEZ Uses as Secondary Materials Almost Fifty Percent
Simultaneously with desulphurization of its power plants, the power-generation company CEZ has been paying its attention also to other areas of protection of the environment, i.e. the use of waste. Almost a half of energy by-products were used last year as secondary materials, and CEZ intends to even increase the percentage.
19. 4. 2000
CEZ managed the last year with a profit of 2.3 milliard Czech crowns
In the last year the CEZ Company reached a net income after taxation in the height of 2,259 Kc mln, i.e. ca by 64.5 % less than in the previous year. We had presupposed a decrease of the profit, even more severe, in the beginning of this year. There are several reasons for it, but the key factors are three - decrease of the domestic demand for electricity, stop of the power plant Tusimice I Retrofit and fall of the Czech crown exchange rate.
29. 2. 2000
CEZ and MUS Achieves Final Agreement
The mining company MUS and the power-generation company CEZ signed today (25th February 2000) a contract for this year purchases of lignite. Simultaneously, both parties executed to their mutual satisfaction an agreement of settlement solving the recent disputes concerning bills for lignite which CEZ had failed to accept in 1999.
25. 2. 2000
CEZ Prepares the Drawing of the Second Tranche of EIB Loan
The power-generation company CEZ, a.s. has appointed The Sumitomo Bank, Limited, Japan as the arranger of the syndicated security amounting to EURO 85 million in favor of the European Investment Bank (EIB). The security to be given for five years is a prerequisite for drawing the second tranche of the loan granted by EIB, amounting to EURO 85 million.