Back
CEZ Group
...
Media Press releases
CEZ Power Company has today submitted another bid for Zespół Elektrowni Dolna Odra S.A. (Dolna Odra Group of Plants)

19. 8. 2005

Others

CEZ Power Company has today submitted another bid for Zespół Elektrowni Dolna Odra S.A. (Dolna Odra Group of Plants)

CEZ continues the privatization tender by submitting another bid for the Polish power company Dolna Odra. CEZ Power Company first bid for a fully 10 % share at the end of this year´sApril, and consequently it has been included in the short list of six parties concerned.

 

The Polish government will determine follow-up course of action in the privatization process on the basis of the bids of the short-listed parties concerned.   

CEZ Power Company has already succeeded in the acquisitions in South-Eastern Europe, where we already own Bulgarian and Romanian distribution firms. 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. The vicinity to Poland leads to mutual acquaintance of the power industries, which is very important for a possible future partnership, said Martin Roman, CEO and Chairman of the Board of Directors.

Dolna Odra is the fifth largest electricity producer in Poland. The complex consists of three power plants (Dolna Odra, Pomorany and Stetin), the total installed capacity of the complex reaches 1,950 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.