Nuclear Power Plant news pg. 3
CEZ is going to enforce long-term supply contract with Mostecka Uhelna through court
CEZ Group realizes the impending electrical energy shortage in the Czech Republic and is therefore preparing renewal of its coal-fired power plants. Each reconstructed or new plant must have ensured coal reserves. For that reason CEZ concluded an agreement with Mostecka uhelna, member Czech coal Group, for future coal supply contract covering coal supplies until 2055 already in 2005. After a new owner came, however, Czech Coal Group started to impede implementation of this contract.
29. 6. 2007
CEZ has expressed interest in modernization of plant in Romanian Galati
A tender for a strategic partner in the present plant modernization project and potentially for construction of new resources in the locality has been announced by the state-owned energy company Termoelectrica, which operates thermal power plants in Romania. CEZ Power Company has today submitted documents confirming fulfillment of entry conditions for the tender under its pre-qualifying round and expressed an interest in this project.
28. 6. 2007
New director of CEZ Resources construction and development section
Peter Bodnar has become director of the new section Resources construction and development. Acting as the director, he is responsible for the preparation and realization of the programme of CEZ´s domestic and foreign production resources renewal.
25. 6. 2007
CEZ has already bougth more than 2 per cent of its treasury stocks
CEZ Power Company yesterday exceeded the 2 per cent limit within its ordinary share buyback. Until today, CEZ has bought back 11,988,574 of its shares, which represents 2.02 % of the total volume. This number of shares was bought back within 38 trading days. CEZ has been buying back its shares according to the decision of the general meeting on April 23, 2007. which, among others, passed a resolution to acquire up to 10 per cent of the company´s treasury stocks. The buy back started on April 30, 2007.