Nuclear Power Plant news pg. 16
CEZ is planning to invest up to 30 bn CZK into construction of renewable power resources
CEZ Power Group is planning to invest total 30 billion CZK in the development of renewable resources within the following 15 years. About 20 bn CZK out of the sum will go to construction of new wind power plants. CEZ Group´s company CEZ Obnovitelne zdroje (Renewable Resources) has prepared a demand for a purchase of suitable projects.
13. 4. 2006
CEZ acquired another 39.04 % in Severoceska energetika (North Bohemian EDC)
Today the remaining contract documentation enabling CEZ to acquire a 39.04 % share in Severoceska energetika from the firm Segfield Investments Limited in accordance with the option contract concluded in September last year has been signed.
12. 4. 2006
CEZ is building a team for a new trading area with environmental products
Martin Cmiral is filling the position of the Environmental Products Manager. He is coming into CEZ from the management of Vertis, a company which has become the most successful consulting firm in the area of CO2 allowances trading and in the area of Kyoto mechanisms in Central Europe.
7. 4. 2006
Preliminary consolidated, non-audited economic results of CEZ Group for 2005: CEZ Group´s net income amounted to 22.3bn CZK and was 56 % up on the previous year
CEZ Group reached net income of 22.3bn CZK according to the International Financial Reporting Standards, which represented a year-on-year increase of 8bn CZK. The net income increase was affected by the enlargement of the Group by 4 distribution companies in South-Eastern Europe together with improved performance in operations. Single influences connected with acquisitions developed as well, for example, a positive influence of including the negative goodwill of Romanian Oltenia, and increased net income by 2.6bn CZK.