Press releases pg. 12

ČEZ has received bids from four bidders in its tender for the Sale of the Dětmarovice Power Plant. After examining the formal details of each of the bids, ČEZ has had to exclude a bid submitted by Česká energie from the tender. The bid failed to meet the tender requirements which, among other things, required the bidders to have a certain size and creditworthiness. The bid concerned did not guarantee a successful completion of the sale, which is required to fulfill the settlement with the European Commission should ČEZ decide to consummate the settlement agreement specifically by divesting its Dětmarovice Power Plant. The tender thus continues with three bidders: BXR, Energetický a průmyslový holding, and Gascontrol.

ČEZ has selected Deloitte Advisory, s.r.o. as its financial advisor to assist in divesting its coal power stations. Potential buyers can from now on contact Deloitte to obtain all relevant information. ČEZ has already held negotiations with companies that had expressed their interest, namely Czech Coal and EPH. Nevertheless, ČEZ is going to define a final set of sale conditions at one time for all potential buyers.

The energy company ČEZ is thinking about selling its Počerady and Chvaletice power stations. Neither power station has undergone modernisation, and their future operation will require an investment into reducing emissions to meet the emission limits applicable from 2016. The main reason behind the considered sale of both power stations is the uncertainty of coal supplies after 2013 due to as yet inconclusive negotiations with the fuel supplier, Czech Coal.

Fantanele, Romania – Yesterday (1st June) at 5:25 pm. of the local time, the first of a total of 240 wind turbines was commissioned in the project of the largest European wind farm Fantanele – Cogealac which is under construction by the CEZ Energy Company in the Romanian province Dobrogea.