Press releases pg. 150
CEZ obtained trasmission capacities for electricity export
CEZ obtained necessary transmission capacities for electricity export to Germany and Poland for next year. CEZ obtained the capacities in a tripartite auction organized by CEPS, a transmission system operator.
10. 12. 2004
Settlement agreement with Dalkia France
On December 7, 2004, a settlement agreement between CEZ Power Company and Dalkia France (and Dalkia International) was signed. At the same time, a mutual agreement of termination of arbitration, which had been filed at the International Chamber of Commerce in Paris after an appeal of Dalkia France, was concluded. Dalkia France assessed the losses resulting from non-performance of the business plan of the joint-venture with CEZ at 25 million USD. The agreement about this business plan was concluded in December 1999.
9. 12. 2004
International economic results of CEZ Group January - September 2004
The net profit of CEZ Group increased by 67 per cent
26. 11. 2004
CEZ Power Company would not like to sell its share in Severoceska energetika
CEZ´s attorneys, on behalf of CEZ Power Company, have lately filed for a change of a precedent decision of the UOHS (Office for the Protection of competition), which had decreed that CEZ, apart from other things, should sell a majority share in one of Czech distributional firms of the CEZ Group. CEZ has decided that the possibly sold company would be Severoceska energetika (SCE), where CEZ owns 56.93 %.