Press releases pg. 1

Ústí nad Labem Region - The largest local investor will invest CZK 100 bn in the transformation and development of the energy sector in the region by 2030. It will build new heat and electricity sources and contribute to the development of education and the preservation of jobs. Further investments will follow until 2040.
* The ČEZ Group is the most important investor in the Ústí nad Labem Region and generates 7 percent of its GDP. Now ČEZ wants to increase its investments in the region.
* ČEZ wants to invest CZK 100 bn in the region by 2030, which is roughly equivalent to two to three times the region’s annual budget.
* Investments will be made mainly in the construction of new heating and power plants and the provision of long-term heat supplies to existing customers in Ústí, Chomutov, Teplice, Klášterec nad Ohří, Jirkov, Bílina and other towns, the construction of gas-fired power plants and renewable sources, and other development projects such as lithium processing.
* New low- and zero-emission energy sources will replace outdated coal in electricity and heat for decades to come and will contribute to the greening of the region.
* The investment will provide jobs for workers in the coal industry, and ČEZ will also intensify cooperation with schools and in science and research.
* ČEZ plans to bring further investments to the region by 2040, as a part of the development of other sources of electricity and heat, e.g. a small modular reactor in Tušimice.
* One of the investments is the acquisition of a 100% stake in ACTHERM Distribuce, which provides heat distribution from the Prunéřov II power plant in Chomutov.