CEZ Group signed a share purchase agreement on the disposal of its Polish conventional assets with ResInvest Group, following a competitive auction process launched on 26th of March 2024. The sale includes companies that own and operate two hard coal-fired power plants Skawina and Chórzow with combined production of heat and power. Closing of the transaction is subject to approval by the Polish antitrust authority. CEZ will continue to develop modern ESCO energy services in Poland through the companies within the Elevion Group.

Operating Profit before interest, taxes, depreciation and amortization (EBITDA) reached CZK 100bn in for first three quarters of the year, up by CZK 5 billion year-on-year. The increase in EBITDA is mainly due to the end of the obligation to pay levies on excess revenues from power generation in the Czech Republic. On the other hand, the lower earnings of Trading and the Mining segment have a negative effect. Net Profit reached CZK 23.4bn, down CZK 6.4bn year-on-year. CEZ Group raises its full-year 2024 outlook, with EBITDA at CZK 126-130bn and adjusted Net Profit at CZK 26-30bn.

After two years of demanding negotiations, ČEZ trading experts have concluded a contract with the Algerian company SONATRACH for the supply of gas from Algeria. The supplies were launched in October this year. Gas will travel from Algeria via Tunisia, then through an undersea pipeline to Italy, and on to Europe and Czech Republic. The contract for an annual volume that will be able to cover the annual consumption of some 100,000 households, representing approximately 2 percent of the country’s annual gas consumption. ČEZ has been supported by the Ministry of Trade and Industry of the Czech Republic, the Ministry of Foreign Affairs of the Czech Republic, and the Czech Embassy in Algeria.

Rolls-Royce SMR Limited (Rolls-Royce SMR) and ČEZ Group (CEZ) have today announced that they will join forces to bring their global capabilities and know-how to the deployment of Rolls-Royce SMR’s small modular reactor (SMR) technology. This is enabled by an equity investment by CEZ into Rolls-Royce SMR and a strategic partnership to deploy up to 3GW of electricity in the Czech Republic using Rolls-Royce SMR power plants.