Press releases pg. 84

Due to repeated unforeseeable and now even illegal steps taken by Albania, which have negatively affected the operations of ČEZ Shperndarje as the local power distribution company, the ČEZ Group has taken the first steps to claim the World Bank’s guarantee.

ČEZ Shperndarje has resorted to disconnecting power supply to all Albanian state-owned waterworks that have failed to settle their debts in the long run. The total sum of receivables from such companies has reached EUR 38 million. ČEZ decided to disconnect the water companies after a series of unsuccessful negotiations with the Albanian counter-party concerning the high debt settlement.

ČEZ has invited bidders to participate in Round 2 of the selection procedure to sell its Dětmarovice black-coal power plant. The deadline for submitting offers is November 22.

ČEZ has received bids from four bidders in its tender for the Sale of the Dětmarovice Power Plant. After examining the formal details of each of the bids, ČEZ has had to exclude a bid submitted by Česká energie from the tender. The bid failed to meet the tender requirements which, among other things, required the bidders to have a certain size and creditworthiness. The bid concerned did not guarantee a successful completion of the sale, which is required to fulfill the settlement with the European Commission should ČEZ decide to consummate the settlement agreement specifically by divesting its Dětmarovice Power Plant. The tender thus continues with three bidders: BXR, Energetický a průmyslový holding, and Gascontrol.