Press releases pg. 54
Stechovice pumped-storage power plant has been re-launched
Yesterday, 25 November, saw the re-launch of one of those turbo-sets on the Vltava Cascade that were most seriously damaged by last year´s floods the TG3 set of the Stechovice pumped-storage power plant, with the capacity of 45 MW. The set was put into operation several weeks ahead of schedule.
26. 11. 2003
Petr Voboril appointed the chairman of the CEZ Board of Directors
Today´s meeting of the CEZ Board of Directors appointed Petr Voboril as the new Chairman of the Board. Josef Sedlak was appointed the Vice-Chairman of the Board.
3. 11. 2003
The profits of CEZ have increased by over 150 per cent and reached a historical maximum of 13.7 billion CZK
In the first three quarters of this year, the CEZ Power Company generated a net profit of 13,679 billion CZK, 8.3 billion CZK more than last year´s figure for the same period, which translates into an increase by 153 per cent. However, this increase in profits was mainly due to the fact that CEZ sold its 66% equity in CEPS (a transmission network operator), the difference between the sale price and the residual value amounting to 12.5 billion CZK. The improved economic performance was also generated by a pronounced increase in the sales of electricity (by 3.8 billion CZK), despite the fact that the prices of electricity in the Czech Republic had dropped by 6 per cent.