Press releases pg. 11
CEZ has signed implementation agreement under largest-ever foreign investment of Czech firm
Within the scope of the establishment of a joint venture for a project to construct a new power plant Gacko II, modernize the present power plant Gacko I and expand mining in an adjacent mine, which will supply both plants with its production, CEZ Power Company and the Serbian power company ERS have signed an implementation agreement in Gacko.
17. 5. 2007
Electricity production from biomass in CEZ Group has increased by 37.8 % to almost 68 GWh compared to the previous year
CEZ Group significantly increased electricity production from co-burning of biomass in the first quarter of this year. Total production reached 67,561 MWh and represented a year-on-year increase of 37.8 %. Total weight of the used biomass exceeded 74 thousand tonnes (a year-on-year increase of 41.6 %).
4. 5. 2007
The proposed amount of CEZ´s dividend: 20 CZK
Yesterday´s meeting of CEZ Power Company´s Board of Directors decided on the proposal for the amount of a dividend from the last year´s profit (non-consolidated), which is going to be submitted to the general meeting on 23 April 2007. The Board is going to propose a gross dividend in the amount of 20 CZK per share (nominal value 100 CZK).