Press releases pg. 43
The statement of CEZ Power Company about the recommendation of the Slovak Privatization Board concerning the privatization of Slovenske elektrarne
CEZ´s priority is to increase the firm´s value for shareholders, not only to expand abroad. We consider the expansion to be only one of the tools to reach our goal, but not the goal itself. We have always said, that we can accept only a price, which will increase the firm´s value, and that is the price CEZ offers when expanding. CEZ was also successful this way during the privatization of the Bulgarian distributional firms, historically biggest Czech foreign investment.
12. 9. 2004
A strong demand for CEZ´s products leads to electricity price reduction for 2005, compared to the originaly released indicative prices
Based on the analysis of the demand for offered products for 2005, CEZ Power Company has reduced selling wholesale electricity prices for the next year for all prospective buyers, compared to the originally released indicative prices. The overall year-on-year increase will thus be half the value of the electricity prices on neighbouring markets and will reach the amount of less than 11 per cent, compared to the indicative increase of 15.6 %. The lower price rise, compared with foreign countries, will bring higher competitiveness of Czech companies.