Nuclear Power Plant news pg. 20

196 metres high chimney of Tusimece I power plant (ETU I) will come to the end of its operational life once and for all today. The chimney will be blasted within the demolition of the shut-down ETU I plan. A heap of debris of reinforced concrete weighing more than 10 thousand tons will remain of the past dominant of the plant.

CEZ Power Company, as the owner and operator of brown-coal fired plants in the district of Usti, has prepared an extensive program concerning renewal of the production platform, whose life span ends after 2010. CEZ Power Company is going to rebuild completely its coal-fired plants in Tusimice and Prunerov. Ledvice and Pocerady, the localities of the present plants, have been chosen for the new plants. CEZ is going to invest more than 100m CZK into the resources renewal.

CEZ Power Company reached operating profit of 14,959bn CZK in the first three quarters, which represented a year-on-year increase of 60 per cent. Net profit amounted to 13,420bn CZK, which was a year-on-year increase of 94 per cent. The increase in net profit was mainly influenced by dividends received from daughter companies in the amount of roughly 4bn CZK. Company´s revenues rose by 4bn CZK, costs fell by over 1.5bn CZK.

A newly established company of the CEZ Group ? CEZ Distribution Services, s.r.o. is going to start its activity on July 1 next year. More than 2,200 people, placed all around the area of the CEZ Group, will find work there. Besides the employees of Severomoravska energetika, a.s., also employees of distribution joint-stock companies Vychodoceska energetika, Zapadoceska energetika, Severoceska energetika and Stredoceska energetika are moving there.