Press releases pg. 27

The energy company CEZ Group will become a sole owner of Škoda JS, a prominent Czech nuclear energy company, thus solving the problem of this major supplier, which became part of the Russian engineering group OMZ, controlled by Gazprombank, several years ago. Due to the current situation, Škoda JS has been at risk of sanctions, which has a potential impact on their ability to maintain key services and supplies for CEZ’s nuclear power plants.

Today at 2:21 o'clock, Unit 1 of Temelín NPP started to produce electricity again. After replacing a quarter of the fuel assemblies, operators have connected it to the transmission system. The technicians also checked the safety systems, preventively replaced the generator's rotor, and managed to do almost eighteen thousand activities, including six dozen investment actions. Together with the Dukovany power plant, all six nuclear units are currently operating. The fourth Unit of the Dukovany Nuclear Power Plant is now planned to be shut down for inspection and refueling.

 The EPC project will take place in 20 buildings; it is part of the hospital’s modernisation.

 It is the largest EPC project implemented at university hospitals in the Czech Republic, and during full operation.

 Guaranteed annual energy savings of CZK 7.1 million at 2021 prices and 2,500 tonnes of CO2 emissions. Savings will be even higher in 2022 due to rising energy prices.

 The hospital will reduce gas and electricity consumption by at least 30%.

 The investment will total almost CZK 365 million (excl. VAT), of which the structural cost-saving measures account for CZK 318 million and CZK 47 million will be spent on modern energy-saving technologies.

 The EU subsidy amounts to 45% of the expenditure under the OP EN and 50% will be covered from the state budget. Other costs will be paid from the hospital’s budget.

The Thomayer University Hospital has taken off on a more than one-year modernisation marathon, which includes this year’s major energy saving project in the Czech Republic. Once finished, patients and staff will see a significant improvement in indoor comfort, and the facility will significantly reduce the energy intensity of its operations: over 5 years, it will save 18 GWh of natural gas and 10 GWh of electricity. The project is being implemented via the energy performance contracting (EPC) method, meaning that the hospital’s savings are guaranteed directly in the contract. The project is being implemented by a consortium comprising METROSTAV DIZ, ENESA from the ČEZ ESCO Holding and METROSTAV.

Operating Revenues increased by 29% year-on-year to CZK 76.0 billion and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) by CZK 25.8 billion to CZK 43.7 billion. Net Income reached CZK 26.7 billion, up CZK 18.3 billion. The Q1 results reflect record-high profits from commodity trading in Western European markets, high operational reliability of power plants and enormous growth in commodity prices on wholesale markets. In addition, specific temporary effects of nearly CZK 8 billion were positive, but these will be eliminated during 2022. Nevertheless, CEZ Group raises its full-year EBITDA guidance to CZK 95 to 99 billion and Net Income adjusted for extraordinary effects to CZK 45 to 49 billion.