ČEZ Group

Power stations

ČEZ Group is an operator of various energy sources. Most important energy sources are listed (in the Czech Republic, if not indicated):

• nuclear power plants
  • Temelín (2000 MW - 2 * 1086)
  • Dukovany (2000 MW - 4 * 510)
• coal-fired power plants
  • Dětmarovice Power Station (800 MW - 4 * 200)
  • Hodonín Power Station (105 MW - 50 + 55) (world's third largest power plant fired by biomass List of largest power stations in the world)
  • Chvaletice Power Station (800 MW - 4 * 200)
  • Ledvice Power Station (330 MW - 3 * 110)
  • Mělník Power Station (770 MW - 2 * 110 + 500)
  • Počerady Power Station (1,000 MW - 5 * 200)
  • Poříčí Power Station (165 MW - 3 * 55)
  • Prunéřov Power Station (1,490 MW - 4 * 110 + 5 * 210)
  • Tisová Power Station (295 MW - 3 * 57 + 125 + 13)
  • Tušimice Power Station (800 MW - 4 * 200)
  • Elcho Power Station (Poland, 220 MW - 2 * 110)
  • Skawina Power Station (Poland, 492 MW)
• hydroelectric power station
  • Lipno (122 MW)
  • Orlík (364 MW)
  • Kamýk (40 MW)
  • Slapy (144 MW)
  • Štěchovice (23 MW)
  • Vrané (14 MW)
  • Střekov (20 MW)
• pumped storage plants
  • Dalešice (450 MW)
  • Dlouhé stráně (650 MW)
  • Štěchovice (45 MW) In 2015 CEZ operated 2,3 GW of hydro power plants in Europe and Asia, including the biggest pump storages.
• wind power plants
  • Fântânele Wind Farm (Romania, 600 MW, the largest wind farm in Europe
• solar power plants
  • Mimoň Solar Park (18 MW)
  • Ralsko Solar Park (38 MW)
  • Ševětín Solar Park (30 MW)
  • Vranovská Ves Solar Park (16 MW)
• other smaller energy sources

Carbon intensity

ČEZ Group has invested more than CZK 200bn in development and in environmental measures during its modern history to increase efficiency and reduce emission of its power plants. Today, the ČEZ brand represents energy producers or suppliers in a total of 7 countries.

Source: Annual Reports

Electricity capacity and production

Source:Helgi Library; Presentation for investors - August 2015

Source:Helgi Library; Presentation for investors - August 2015

Shareholders and stock listing

In 1994 a minor stake in the company was privatized using voucher privatization. If citizens invested all their vouchers (sold for 1000,- Kčs) in ČEZ, they gained 33 stocks (330 current shares after stock split). In 2007 the Czech government decided to gradually sell another 7% stake of ČEZ on the stock market, but due to the stock price fall during spring 2009, affected by 2008 financial crisis, selling was suspended. In 2008, the company decided to repurchase 9% of the company's shares.

As of December 31, 2011, the Czech Republic represented by Ministry of Finance remained the company's largest shareholder with 69.78% stake in the stated capital. Other shareholders included:

• Chase Nominees Ltd. (4.83%)
• Citibank Europe plc (4.8%)
• Private individuals (4.31%)
• Československá obchodní banka (4.17%)

The company is traded on the Prague, Warsaw, Frankfurt and RM-SYSTÉM Czech stock exchanges. and since 2001 company is paying annual dividends.

In October 2024, ČEZ took a 20% stake in Rolls-Royce SMR at a cost of "several hundred million pounds"; ČEZ plan to deploy up to 3 GWe of SMR generation capacity in the 2030s in the Czech Republic.

Electric vehicles

The building of a network of public charging stations for electric vehicles got fully underway in 2011. The first public charging station – in front of ČEZ's headquarters in Prague's Duhová Street – opened on November 30, 2011. As of December 2011, seven CEZ Group public charging stations were in operation, in Prague and Chrášťany, Prague-West district. ČEZ's given charities electric cars to use and test. Between 50 and 100 electric cars being made available over the coming years. The first two vehicles – a Fiat Fiorino Combi and a Fiat Fiorino Cargo – went to a senior citizen health care charity based in Prague.

Influence on politics

ČEZ is the largest utility and biggest public company in Central and Eastern Europe. Its influence on the Czech politics and connections to Russia have come under scrutiny. According to the Economist, "though nominally state-run, many see the power flowing the other way: from ČEZ's board into politics".

The management of ČEZ has financed the country's largest political parties – the Civic Democratic Party (ODS) and the Social Democrats (ČSSD). One analysis points out that the financing has resembled that coming from PPF and J&T, two firms which have been highly active in Russia since the early 1990s (for example, Russia was one of the first international expansion destinations of Home Credit, a PPF-owned lending company) and their senior management is known to have links to the former Czechoslovak StB security service and the Soviet KGB.Czech Efforts to Reduce Dependence on Russian Energy Faltering by Jiri Kominek, Jamestown Foundation (27 November 2009)

In 2010, a Czech court ruled that, as a state-owned company, ČEZ must disclose political activities.

Leaked pictures show politicians across political spectrum, including former Prime Minister Mirek Topolánek, holidaying with ČEZ lobbyists in Italy.

As of late 2010 the European Union was investigating ČEZ. The company's offices were raided in November 2010.

ČEZ was said to have selected a mysterious company called CEEI to construct a billion dollar nuclear storage facility for the Czech Republic. The company's paper trace ends in U.B.I.E, a company registered in Liechtenstein. Russia's honorary consul is named as its director. The company is believed to be under Russian control. CEEI's directors include Václav Klaus's former chief of staff (Jiří Kovář) and a man who is jail for kidnapping.

In 2015, ČEZ scored first in Deloitte CEE Top 500 according to market cap and forth in overall ranking.

References

References

1. "2022 Annual Financial Report". CEZ Group.
2. "Perspectives from The Economist Intelligence Unit (EIU)".
3. "Market Test Results Confirm the Settlement Agreement between ČEZ and the European Commission".
4. (24 June 2014). "CEZ Reaches 100 Million-Euro Settlement With Albanian Government".
5. "Bulgarians Rise Up against Shocking Electricity, Heating Bills".
6. Staff, Emerging Europe. (2019-11-13). "CEZ appeals ban on sale of assets to Eurohold Bulgaria".
7. "Deloitte Central Europe 2015 Top 500".
8. (3 September 2015). "Best Managed Companies Survey 2015: Press release".
9. (2024-03-22). "CEZ to acquire majority stake in GasNet".
10. (2024-10-29). "ČEZ signs cooperation agreement with Rolls Royce on development of small modular reactors".
11. "Energy Regulatory Office - ČEZ, a.s. installed power (31. 12. 2009)".
12. "The Largest Wind Farm in Europe Goes Into Trial Operation".
13. "Annual reports".
14. "CEZ at a Glance".
15. (2015-08-01). "CEZ GROUP: THE LEADER IN POWER MARKETS OF CENTRAL AND SOUTHEASTERN EUROPE".
16. (October 9, 2006). "Kuponová privatizace: pokus, který nemá obdoby". iDNES.cz.
17. Martina Lustigová. (March 3, 2007). "Vláda schválila prodej sedmi procent akcií společnosti ČEZ". [[Czech Radio]].
18. (February 13, 2009). "Stát navýšil svůj podíl v ČEZ. Na téměř 70 procent". [[Hospodářské noviny]].
19. (April 3, 2012). "CEZ Group Annual Report 2011". ČEZ.
20. (29 October 2024). "ČEZ takes Rolls-Royce SMR stake, plans to deploy 3GW fleet".
21. "We Obsessively Cover the Green Scene".
22. [https://www.economist.com/business/2010/04/08/no-minister CEZ and Czech energy - No, minister]. April 8th 2010. The Economist.
23. [http://www.ihsglobalinsight.com/SDA/SDADetail19274.htm Further Reputational Damage to ČEZ As EC Launches Third Inquiry Into Czech Electricity Market]. The Global Insight. 23 September 2010
24. [http://www.rferl.org/content/Czech_Mate_How_Russia_Is_Rebuilding_Influence_In_The_Former_Soviet_Bloc/2168090.html Czech Power Games: How Russia Is Rebuilding Influence In The Former Soviet Bloc]. RFE/EL. September 26, 2010