Press releases pg. 16
CEZ Group Acquires Its First Wind Park in Germany From AREAM
The wind park with a total installed capacity of 12.8 MW was built as a turnkey project in southwest Germany. CEZ acquired the project, including a 20-year feed-in tariff subsidization contract, from AREAM, a German Investment and Asset Manager.
5. 12. 2016
ŠKODA PRAHA Signed Contracts for Pljevlja Coal Power Plant Construction in Montenegro
The contracts for a turn-key delivery of a coal power plant, signed today by the contracting entity and the investor, Elektropriveda Crne Gore A.D. of Montenegro, and the General Contractor tender winner, ŠKODA PRAHA a.s., a member of CEZ Group, brought to fruition several years of the Czech corporation’s effort to strengthen energy self-sufficiency of Montenegro.
29. 9. 2016
ČEZ commences international investment arbitration proceedings against Bulgaria
Today the ČEZ Group officially filed a Request for Arbitration against the Republic of Bulgaria with the International Centre for Settlement of Investment Disputes (ICSID), by which it officially commenced international investment arbitration proceedings due to Bulgaria’s failure to observe the investment protection provisions of the Energy Charter Treaty. It decided to take this step following a number of actions of Bulgarian authorities damaging ČEZ companies in Bulgaria, causing the long-term critical situation on the local energy market that is not improving. The claim amounts to hundreds of millions of Euros.
12. 7. 2016
INVEN CAPITAL invests $23 million Dollars in Smart Thermostat company tado°
● INVEN CAPITAL, the venture capital arm of the international energy conglomerate CEZ, invests in tado°, the European market leader in intelligent home climate control ● Smart thermostats are leading the smart home sector / market potential in Europe alone over 2 billion Dollars by 2019. ● tado° among the world's best funded IoT startups / Venture capital rises to 57 million Dollars ● Focus remains on being the leader in intelligent home climate control / planned expansion of services and increased international growth