The sale of CEZ Group’s coal assets in Poland to ResInvest Group was completed yesterday, just under a year since the auction process began. The sale includes companies that own and operate two hard coal-fired power plants Skawina and Chórzow with combined production of heat and power. The sale agreement was signed last November, and the transaction was subsequently approved by the Polish antitrust authority. CEZ will continue to develop modern ESCO energy services in Poland through the companies within its subsidiary company Elevion Group.

This morning the Temelín Unit 2 started generating electricity again. Operators have connected it to the transmission system after replacing part of the fuel assemblies. In terms of the scope of the work and the inspections carried out, it was the largest outage in the history of the plant. In total, they managed 21,000 activities during the shutdown, including 74 investment actions. Power engineers also checked the safety systems, the turbine an its generator. Together with the Dukovany power plant, all six nuclear units are currently in operation.

CEZ Group signed a share purchase agreement on the disposal of its Polish conventional assets with ResInvest Group, following a competitive auction process launched on 26th of March 2024. The sale includes companies that own and operate two hard coal-fired power plants Skawina and Chórzow with combined production of heat and power. Closing of the transaction is subject to approval by the Polish antitrust authority. CEZ will continue to develop modern ESCO energy services in Poland through the companies within the Elevion Group.

Operating Profit before interest, taxes, depreciation and amortization (EBITDA) reached CZK 100bn in for first three quarters of the year, up by CZK 5 billion year-on-year. The increase in EBITDA is mainly due to the end of the obligation to pay levies on excess revenues from power generation in the Czech Republic. On the other hand, the lower earnings of Trading and the Mining segment have a negative effect. Net Profit reached CZK 23.4bn, down CZK 6.4bn year-on-year. CEZ Group raises its full-year 2024 outlook, with EBITDA at CZK 126-130bn and adjusted Net Profit at CZK 26-30bn.