3. 6. 2016

CEZ Group Submits Indicative Offer to Buy French EDF’s Polish Assets

The indicative offer concerns four heating plants (at Gdynia, Gdańsk, Kraków, and Wrocław), four heating plants with a heat distribution system (at Zielona Góra, Ciechnica, Toruń, and Zawidawie), and service companies. The generating facilities have a total installed capacity of 1.4 GW in electricity and 4.4 GW in heat, ranking first in electricity cogeneration and second in heat generation on the Polish market.

“These facilities are highly efficient and supply heat and electricity to customers in major Polish cities. We have extensive experience with operating such generating facilities, including facilities in Poland,” says Daniel Beneš, CEO for ČEZ.

When seeking investment opportunities, ČEZ is focusing on countries that are politically and geographically close to it. Given the current electricity price outlook, the regulated heat sector represents an interesting growth opportunity.