Romania’s state-owned energy company Hidroelectrica said it is interested in bidding on all of the Romanian assets of CEZ and Enel. Hidroelectrica’s announcement comes shortly after CEZ set a deadline of 25 September for bidders to express their interest in their Romanian holdings on 9 September. The companies head, Bogdan Badea told reporters ...
CEZ is expecting bidders to express their interest in acquiring its assets in Romania by Sept. 25, noon local time, the electricity producer said in an ad published on Monday. The state-controlled utility said that depending on the interest, it may sell all its assets in Romania or just part of them, namely in ...
CEZ, central Europe’s biggest utility company, will move into the Latvian and Lithuanian power and gas markets in the next few months and expand its trading activities in the Balkans, CEZ’s Director of Trading Ludek Horn said on Tuesday. Majority state-owned CEZ has also started to trade more in Belgium, France and Italy and ...
European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday. Czech utility CEZ, in which the state holds a 70% share, last week said it had conditionally agreed to provide 2 million euros ($2.2 million) ...
Czech utility CEZ will provide a CZK 51 million convertible loan to European Metals Holding (EMH), the companies said on Tuesday, giving CEZ a potential majority stake in the company developing a large lithium deposit in the country. The loan will mature on Dec. 31, 2019 and carries a 7.5% interest rate. CEZ can ...
The Czech government has given preliminary approval for a plan by a subsidiary of electricity producer CEZ to build a nuclear power station with the government providing guarantees to help it secure cheaper financing. CEZ is 70 percent state-owned and has previously declined to invest in nuclear alone given high costs and unclear returns. ...
Czech state-run power group CEZ said Tuesday it had raised both profits and sales in the first quarter on higher power prices and increased output in its two nuclear plants, AFP reported. Net profits rose by 14 percent against a year ago to 8.3 billion koruna (322 million euros, $362 million) and sales jumped by 12 percent ...
Prague, Aug 7 (CTK) – CEZ energy group last week filed an administrative lawsuit against Bulgaria’s anti-monopoly office over its July decision rejecting a sale of CEZ’s Bulgarian assets to the local company Inercom, CEZ CFO Martin Novak told CTK today. A similar suit was lodged by Inercom at the end of last month, ...
Prague, Aug 6 (CTK) – CEZ power utility registered a year-on-year drop in net profit and sales in the first half of this year, according to estimates of analysts addressed by CTK, most of them expect net profit below Kc10bn and sales lower than Kc90bn CEZ made a Kc16.7bn net profit in the first ...
