Press releases pg. 189
New Joint-Venture in the North of Moravia
Our power-generation company CEZ and Dalkia Co. (part of the supranational concern Vivendi) have established a joint-venture called JVCD, the objects of which include complex economic and environment-friendly optimization of heat and electricity generation in the north of Moravia. Dalkia has 51 % and CEZ 49 % in the registered capital of the new company, revenues will be divided in the ratio 60 % for CEZ and 40 % for Dalkia.