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CEZ Power Company has submitted a bid for Kozienice Power Plant

26. 4. 2005

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CEZ Power Company has submitted a bid for Kozienice Power Plant

CEZ Power Company has today submitted a tentative offer for a privatized Polish power plant Kozienice. CEZ is thus entering a privatization tender for a fully 10 % share in this black coal plant.

The Polish government should make a short list of parties concerned and also later determine on the concrete amount of the privatized share based on the tentative bids. "The vicinity to Poland leads to mutual acquaintance of the power industries, which is very important for a possible future partnership. Poland, namely, is our strategic act in Central-European region on the way to our aim to become the leader of the power market in Central and South-Eastern Europe," said Martin Roman, CEO and Chairman of the Board of Directors.

Kozienice is the largest Polish heating plant and one of the biggest power plants in Europe. It is a highly modernized plant, which satisfies the EU criteria, with the electric output of 2,845 MW.

During its expansion, CEZ Power Company has already successfully taken over three distribution firms in Bulgaria and at the beginning of April signed and agreement about privatization of the Oltenia distribution company in Romania. By these acquisitions CEZ has almost doubled the number of its end customers to the total 6.6 million and came up to the eighth place among the European power companies by this criterion.

Eva Novakova, Press Officer, CEZ, a. s.