14. 1. 2008

CEZ has placed a bid for Romanian Galati

CEZ Power Company has today submitted an offer for modernization of plant in Romanian Galati. A tender for a strategic partner in the present plant modernization project and potentially for construction of a new unit in the locality has been announced by the state-owned energy company Termoelectrica, which operates thermal power plants in Romania.

The installed capacity of the present plant in the area of SC Electrocentrale Galati SA reaches 535 MW (3x105 MW, 2x60 MW, 1x100 MW). SC Electrocentrale Galati SA is 100% owned by Termoelectrica. No details will be published concerning content of the bid.

CEZ Group has been operating in Romania since 2005, when it acquired the distribution and supply company Electrica Oltenia that has undergone unbundling, that is a separation of regulated electricity distribution activities from its sale. On March 15, 2007, supply company CEZ Vanzare (similar to CEZ Prodej in the Czech Republic) was detached from it, and the name of Electrica Oltenia was changed to CEZ Distributie. The company will be engaged only in the regulated electricity distribution activity. In 2006, the operating profit of Electrica Oltenia grew year-on-yearly by 142 % to nearly two billion crowns.