ČEZ presents investment plan for the region of Ústí nad Labem

Region of Ústí nad Labem - The largest local investor will invest CZK 100 billion in the transformation and development of the energy sector in the region by 2030. It will build new sources of heat and electricity and will contribute to the development of education and the preservation of jobs. Further investments will follow until 2040.

• The CEZ Group is the most important investor in the region of Ústí nad Labem and generates 7 percent of its GDP. Now CEZ wants to increase its investments in the region.
• By 2030, CEZ wants to invest CZK 100 billion in the region, which is roughly equivalent to two to three times the annual regional budget.
• The investments will be mainly in the construction of new heating plants and securing long-term heat supplies for existing customers in Ústí, Chomutov, Teplice, Klášterec nad Ohří, Jirkov, Bílina and other towns, building gas-fired power plants and renewable energy sources, and others in development projects such as lithium processing.
• New low- and zero-emission energy sources will replace the outdated coal in electricity and heat for decades to come and will contribute to the greening of the region.
• The investment will provide jobs for coal industry workers, and CEZ will also step up cooperation with schools and in science and research.
• CEZ plans to bring further investments to the region by 2040, in the development of other sources of electricity and heat, such as the small modular reactor in Tušimice.
• One of the investments is the acquisition of a 100% stake in ACTHERM Distribuce, which provides heat distribution from the Prunéřov II power plant in Chomutov.