Together for the environment
Clean air, clean soil, clean energy. Nuclear power plants generate a large volume of environmentally friendly, emission-free electricity on a small area.
Future of the energy sector in the Czech Republic
We will continue to ensure a sufficient volume of reliable, environmentally friendly and affordable energy for Czech households, businesses, as well as municipalities in the future.
Czech nuclear know-how
The Czech Republic was one of the first countries to implement nuclear technology. We have dozens of years of experience and can use our valuable know-how well.
Operating earnings before depreciation and amortisation (EBITDA) in Q1 reached CZK 40.3 bn., which means year-on-year growth of CZK 7.8 bn. Net profit amounted to CZK 13.6 bn, CZK 2.7 bn. more year on year. ČEZ Group confirmed its full-year outlook for 2024: EBITDA between CZK 115 and 120 bn. and an adjusted net profit between CZK 25 and 30 bn.
CEZ Group production continues becoming greener. Last year, the company reduced direct greenhouse gas emissions by 12% year on year, which corresponds to a saving of approximately 2.2 million tonnes of CO2. CEZ is on a good track to achieve its goal of climate neutrality by 2040. Simultaneously, the biggest Czech utility increased investments in taxonomy-aligned activities: last year, they accounted for over two-thirds of all investments, up by CZK 4.7 billion year on year. Recent ESG statistics are presented in the new CEZ Group Sustainability Report 2023. It presents close to 300 diverse environmental, social, and governance indicators.
Elektrárna Dukovany II (EDU II), a wholly-owned subsidiary of ČEZ, has received supplementary bids for the construction of a new nuclear source in Dukovany. The bidders have submitted updated bids for the fifth unit of Dukovany and now also binding options for additional three units. French-based EdF and KHNP of South Korea had time until 9:00 AM today to submit their bids. EDU II will now assess the bids from financial, business and technical points of view. The evaluation model is based on recommendations of the International Atomic Energy Agency (IAEA).
CEZ has negotiated another sustainability-linked loan – its third already – connected to ESG rating. The credit line provided by the CaixaBank branch operating in the Polish market amounts to CZK 2.5 billion. As in the case of the two previous credit agreements, if CEZ meets its decarbonisation commitments in the coming years, it will obtain a more favourable interest rate at draw-down, whereas if its ESG parameters deteriorate, its interest rate will jump up. In total, CEZ can draw up to CZK 13.5 bn from all three loans linked to ESG. In terms of sustainability, CEZ Group is currently among the top 13% best-rated publicly traded companies in the world.