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| {{Short description|Czech energy conglomerate}} | |||
| {{Infobox company | {{Infobox company | ||
| | name = ČEZ Group a.s. | |||
| | logo = ČEZ Group logo.svg | |||
| | logo_size = 150px | |||
| | traded_as = ]: <br />]: <br />{{FWB|CEZ}} | |||
| | foundation = 1992 | |||
| | location_city = ] | |||
| | key_people = ] (CEO) | |||
| | location_country = ] | |||
| | industry = ] | |||
| | products = electricity generation and distribution, natural gas, cell phone operator | |||
| | revenue = {{nowrap |{{Increase}} US$12.7 billion (2022)<ref name=2022report>{{cite web |title=2022 Annual Financial Report |url=https://www.cez.cz/webpublic/file/edee/ospol/fileexport/investori/vz-2022/cez-group-annual-financial-report-2022-pdf.pdf |publisher=CEZ Group}}</ref> }} | |||
| ⚫ | |||
| | operating_income = {{nowrap |{{Increase}} US$4.4 billion (2022)<ref name=2022report/> }} | |||
| ⚫ | |||
| | net_income = {{nowrap |{{Increase}} US$3.5 billion (2022)<ref name=2022report/> }} | |||
| | assets = {{nowrap |{{Increase}} US$31 billion (2022)<ref name=2022report/> }} | |||
| | equity = {{nowrap |{{Increase}} US$8.75 billion (2022)<ref name=2022report/> }} | |||
| ⚫ | | owner = ] (69.78%) | ||
| ⚫ | | homepage = | ||
| }} | }} | ||
| '''ČEZ Group''' ({{ |
'''] Group''' ({{langx|cs|'Skupina ČEZ'}} '''Č'''eské '''E'''nergetické '''Z'''ávody) is a ] of 96 companies (including the parent company '''ČEZ, ]'''), 72 of them in the ]. Its core business is the generation, distribution, trade in, and sales of electricity and heat, trade in and sales of natural gas, and coal extraction. ČEZ Group operates also in ], ], ], ], ] and ]. ČEZ, a.s. is listed on ] and ]. | ||
| ČEZ is the largest utility and biggest public company in Central and Eastern Europe. Its majority shareholder is the Czech government, owning 70% of shares. Its historical political activities have come under scrutiny.<ref name="Czech Power Games"/><ref name="Jiri Kominek 27 November 2009"/> According to the Economist, "though nominally state-run, many see the power flowing the other way: from |
ČEZ is the largest utility and biggest public company in Central and Eastern Europe. Its majority shareholder is the Czech government, owning 70% of shares. Its historical political activities have come under scrutiny.<ref name="Czech Power Games"/><ref name="Jiri Kominek 27 November 2009"/> According to the Economist, "though nominally state-run, many see the power flowing the other way: from CEZ's board into politics".<ref name="CEZ and Czech energy"/> ] invested 2.98% into ČEZ Group. Since 2011, when Daniel Beneš became the CEO these calls have faded out.<ref name="economistinsights.com">{{cite web|url=http://www.economistinsights.com/speaker/4435|title=Perspectives from The Economist Intelligence Unit (EIU)|website=Perspectives from The Economist Intelligence Unit (EIU)|access-date=25 October 2017}}</ref> | ||
| As of late 2010 the EU was investigating the company's activities.<ref name="CEZ and Czech energy"/> Comments made by third parties under the market test have shown no need to materially change the commitments proposed by ČEZ to the European Commission in June 2012. Under the Settlement Agreement, ČEZ undertakes to sell one of five specific power plants with an installed capacity of at least 800 MW.<ref>{{cite web|url=http://www.cez.cz/en/cez-group/media/press-releases/3977.html|title= |
As of late 2010, the EU was investigating the company's activities.<ref name="CEZ and Czech energy"/> Comments made by third parties under the market test have shown no need to materially change the commitments proposed by ČEZ to the European Commission in June 2012. Under the Settlement Agreement, ČEZ undertakes to sell one of five specific power plants with an installed capacity of at least 800 MW.<ref>{{cite web|url=http://www.cez.cz/en/cez-group/media/press-releases/3977.html|title=Market Test Results Confirm the Settlement Agreement between ČEZ and the European Commission|website=CEZ Group|access-date=25 October 2017}}</ref> | ||
| In January 2013 Albania started a dispute by removing CEZ license to operate in Albania. In June 2014 both parties agreed to settle a dispute. Albania will pay CEZ 100 million euros by 2018 in yearly installments, an amount roughly equal to CEZ's initial investment.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2014-06-24/cez-reaches-100-million-euro-settlement-with-albanian-government|title=CEZ Reaches 100 Million-Euro Settlement With Albanian Government|date=24 June 2014|access-date=25 October 2017| |
In January 2013, Albania started a dispute by removing the CEZ license to operate in Albania. In June 2014 both parties agreed to settle a dispute. Albania will pay CEZ 100 million euros by 2018 in yearly installments, an amount roughly equal to CEZ's initial investment.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2014-06-24/cez-reaches-100-million-euro-settlement-with-albanian-government|title=CEZ Reaches 100 Million-Euro Settlement With Albanian Government|date=24 June 2014|access-date=25 October 2017|website=Bloomberg}}</ref> | ||
| In February 2013 Bulgarians began to mass protests against the company and two other foreign-owned power distributors, suggesting the government to follow the case of Albania.<ref>{{cite web|url=http://www.novinite.com/view_news.php?id=147715|title=Bulgarians Rise Up against Shocking Electricity, Heating Bills |
In February 2013, Bulgarians began to mass protests against the company and two other foreign-owned power distributors, suggesting the government to follow the case of Albania.<ref>{{cite web|url=http://www.novinite.com/view_news.php?id=147715|title=Bulgarians Rise Up against Shocking Electricity, Heating Bills |website= Novinite.com |agency= Sofia News Agency|access-date=25 October 2017}}</ref> All three were fined by Bulgarian competition watchdog. However, ČEZ said it had not breached Bulgarian and European laws and would launch an appeal against the ruling in court.<ref>{{Cite web |last=Staff |first=Emerging Europe |date=2019-11-13 |title=CEZ appeals ban on sale of assets to Eurohold Bulgaria |url=https://emerging-europe.com/business/cez-appeals-ban-on-sale-of-assets-to-eurohold-bulgaria/ |access-date=2024-10-30 |website=Emerging Europe |language=en-GB}}</ref> | ||
| Under CEO Daniel Beneš (since 2011) CEZ Group presented and implemented its new strategy based on three pillars: I. Be among the best in the operation of conventional power facilities and proactively respond to the challenges of the 21st century. II. Offer customers a wide range of products and services addressing their energy needs. III. Strengthen and consolidate ČEZ's position in Central Europe. | Under CEO Daniel Beneš (since 2011), CEZ Group presented and implemented its new strategy based on three pillars: I. Be among the best in the operation of conventional power facilities and proactively respond to the challenges of the 21st century. II. Offer customers a wide range of products and services addressing their energy needs. III. Strengthen and consolidate ČEZ's position in Central Europe.<ref>{{Cite web |title=Czech Republic: EIB to finance modernisation of ČEZ's distribution grid and connection of new renewable energy sources with a record-breaking loan of €790 million |url=https://www.eib.org/en/press/all/2022-529-czech-republic-eib-to-finance-modernisation-of-cez-s-distribution-grid-and-connection-of-new-renewable-energy-sources-with-a-record-breaking-loan-of-eur790-million |access-date=2024-10-30 |website=European Investment Bank |language=en}}</ref> | ||
| In 2015, ČEZ scored first in Deloitte CEE Top 500 according to market cap and |
In 2015, ČEZ scored first in Deloitte CEE Top 500 according to market cap and fourth in overall ranking <ref name="www2.deloitte.com">{{Cite web |url=https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/central-europe/ce_top500_2015.pdf |title=Deloitte Central Europe 2015 Top 500 |access-date=2015-10-13 |archive-date=2015-09-22 |archive-url=https://web.archive.org/web/20150922072144/http://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/central-europe/ce_top500_2015.pdf |url-status=dead }}</ref> and was elected overall winner of the 2015 Euromoney Best Managed Companies Survey for Central and Eastern Europe.<ref>{{cite web|url=http://www.euromoney.com/Article/3485409/Best-Managed-Companies-Survey-2015-Press-release.html|title=Best Managed Companies Survey 2015: Press release|website=Euromoney|date=3 September 2015 |access-date=25 October 2017}}</ref> | ||
| In March 2024, it was announced ČEZ had agreed to acquire a 55.21% stake in the Czech Republic gas distribution network operator, GasNet in a deal valued at €846.5 million.<ref>{{Cite web |date=2024-03-22 |title=CEZ to acquire majority stake in GasNet |url=https://www.worldpipelines.com/business-news/22032024/cez-to-acquire-majority-stake-in-gasnet/ |access-date=2024-03-22 |website=World Pipelines |language=en}}</ref> On October 29 a report came out stating that the company has signed an agreement with ] to develop small modular reactors.<ref>{{Cite web |date=2024-10-29 |title=ČEZ signs cooperation agreement with Rolls Royce on development of small modular reactors |url=https://english.radio.cz/cez-signs-cooperation-agreement-rolls-royce-development-small-modular-reactors-8833013 |access-date=2024-10-30 |website=Radio Prague International |language=en}}</ref> | |||
| == Power stations == | == Power stations == | ||
| Line 60: | Line 68: | ||
| In 2015 CEZ operated 2,3 GW of hydro power plants in Europe and Asia, including the biggest pump storages. | In 2015 CEZ operated 2,3 GW of hydro power plants in Europe and Asia, including the biggest pump storages. | ||
| *]s | *]s | ||
| **] (], 600 MW, the largest wind farm in Europe<ref>{{cite web|url=http://www.cez.cz/en/cez-group/media/press-releases/4051.html|title= |
**] (], 600 MW, the largest wind farm in Europe<ref>{{cite web|url=http://www.cez.cz/en/cez-group/media/press-releases/4051.html|title=The Largest Wind Farm in Europe Goes Into Trial Operation|website=CEZ Group|access-date=25 October 2017}}</ref> | ||
| *]s | *]s | ||
| **] (18 MW) | **] (18 MW) | ||
| Line 143: | Line 151: | ||
| |---- | |---- | ||
| |} | |} | ||
| Source: Annual Reports<ref>{{cite web|url=http://www.cez.cz/en/investors/financial-reports/annual-reports.html|title= |
Source: Annual Reports<ref>{{cite web|url=http://www.cez.cz/en/investors/financial-reports/annual-reports.html|title=Annual reports|website=CEZ Group|access-date=25 October 2017}}</ref> | ||
| {{See also|List of European power companies by carbon intensity}} | {{See also|List of European power companies by carbon intensity}} | ||
| Line 155: | Line 163: | ||
| |} | |} | ||
| Source:Helgi Library;<ref name=" |
Source:Helgi Library;<ref name=":0">{{Cite web |title=CEZ at a Glance |url=https://www.helgilibrary.com/reports/cez-at-a-glance-dec-2013-helgi-analytics |access-date=2024-06-21 |website=www.helgilibrary.com |language=en}}</ref> | ||
| Presentation for investors - August 2015 <ref name=" |
Presentation for investors - August 2015 <ref name=":1">{{Cite web |date=2015-08-01 |title=CEZ GROUP: THE LEADER IN POWER MARKETS OF CENTRAL AND SOUTHEASTERN EUROPE |url=https://www.cez.cz/edee/content/file/investors/investment-stories/equity-investors_august2015.pdf |access-date=2024-06-21 |website=cez.cz}}</ref> | ||
| {| class="wikitable" | {| class="wikitable" | ||
| Line 165: | Line 173: | ||
| |} | |} | ||
| Source:Helgi Library;<ref name=" |
Source:Helgi Library;<ref name=":0" /> | ||
| Presentation for investors - August 2015 <ref name=" |
Presentation for investors - August 2015 <ref name=":1" /> | ||
| == Shareholders and stock listing == | == Shareholders and stock listing == | ||
| Line 182: | Line 190: | ||
| == Electric vehicles == | == 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.<ref name="CEZ Group Annual Report 2011"/> | 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.<ref name="CEZ Group Annual Report 2011"/> | ||
| ČEZ's given ] electric cars to use and test. Between 50 and 100 electric cars being made available over the coming years. The first two vehicles – a ] Combi and a ] – went to a senior citizen ] charity based in Prague.<ref>{{cite web|url=http://www.autobloggreen.com/2009/07/18/report-czech-charities-will-test-dozens-of-electric-cars/|title= |
ČEZ's given ] electric cars to use and test. Between 50 and 100 electric cars being made available over the coming years. The first two vehicles – a ] Combi and a ] – went to a senior citizen ] charity based in Prague.<ref>{{cite web|url=http://www.autobloggreen.com/2009/07/18/report-czech-charities-will-test-dozens-of-electric-cars/|title=We Obsessively Cover the Green Scene|website=AutoblogGreen|access-date=25 October 2017}}</ref> | ||
| ==Influence on politics== | ==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.<ref name="Czech Power Games"/><ref name="Jiri Kominek 27 November 2009"/> According to the Economist, "though nominally state-run, many see the power flowing the other way: from |
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.<ref name="Czech Power Games"/><ref name="Jiri Kominek 27 November 2009"/> According to the Economist, "though nominally state-run, many see the power flowing the other way: from ČEZ's board into politics".<ref name="CEZ and Czech energy"/> | ||
| The management of ČEZ has financed the country's largest political parties – the ] (ODS) and the ] (ČSSD). One analysis points out that the financing has resembled that coming from ] and ], 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 ], a PPF-owned lending company) and their senior management is known to have links to the former Czechoslovak ] security service and the Soviet ].<ref name="Jiri Kominek 27 November 2009"> | The management of ČEZ has financed the country's largest political parties – the ] (ODS) and the ] (ČSSD). One analysis points out that the financing has resembled that coming from ] and ], 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 ], a PPF-owned lending company) and their senior management is known to have links to the former Czechoslovak ] security service and the Soviet ].<ref name="Jiri Kominek 27 November 2009"> | ||
| Line 210: | Line 218: | ||
| ==External links== | ==External links== | ||
| {{commons category|ČEZ Group}} | {{commons category|ČEZ Group}} | ||
| * | * {{Webarchive|url=https://web.archive.org/web/20070217224146/http://www.cez.cz/presentation/eng/ |date=2007-02-17 }} | ||
| * | * | ||
| {{PX companies}} | {{PX companies}} | ||
| {{WIG30 components}} | {{WIG30 components}} | ||
| {{Authority control}} | {{Authority control}} | ||
| {{DEFAULTSORT:CEZ Group}} | {{DEFAULTSORT:CEZ Group}} | ||
| ] | ] | ||
| ] | ] | ||
| ] | ] | ||
| ] | |||
| ] | ] | ||
| ] | ] | ||
| ] | |||
| ] | |||
Latest revision as of 13:47, 12 November 2024
Czech energy conglomerate | |
| Traded as | PSE: CEZ WSE: CEZ FWB: CEZ |
|---|---|
| ISIN | CZ0005112300  |
| Industry | Energy |
| Founded | 1992 |
| Headquarters | Prague, Czech Republic |
| Key people | Daniel Beneš (CEO) |
| Products | electricity generation and distribution, natural gas, cell phone operator |
| Revenue |  US$12.7 billion (2022) |
| Operating income | US$4.4 billion (2022) |
| Net income | US$3.5 billion (2022) |
| Total assets | US$31 billion (2022) |
| Total equity | US$8.75 billion (2022) |
| Owner | Ministry of Finance (69.78%) |
| Number of employees | 28,727 (2022) |
| Website | www.cez.cz |
ČEZ Group (Czech: 'Skupina ČEZ' České Energetické Závody) is a conglomerate of 96 companies (including the parent company ČEZ, a.s.), 72 of them in the Czech Republic. Its core business is the generation, distribution, trade in, and sales of electricity and heat, trade in and sales of natural gas, and coal extraction. ČEZ Group operates also in Germany, Hungary, Poland, Romania, Slovakia and Turkey. ČEZ, a.s. is listed on Prague Stock Exchange and Warsaw Stock Exchange.
ČEZ is the largest utility and biggest public company in Central and Eastern Europe. Its majority shareholder is the Czech government, owning 70% of shares. Its historical political activities have come under scrutiny. According to the Economist, "though nominally state-run, many see the power flowing the other way: from CEZ's board into politics". Capital Group Companies invested 2.98% into ČEZ Group. Since 2011, when Daniel Beneš became the CEO these calls have faded out.
As of late 2010, the EU was investigating the company's activities. Comments made by third parties under the market test have shown no need to materially change the commitments proposed by ČEZ to the European Commission in June 2012. Under the Settlement Agreement, ČEZ undertakes to sell one of five specific power plants with an installed capacity of at least 800 MW.
In January 2013, Albania started a dispute by removing the CEZ license to operate in Albania. In June 2014 both parties agreed to settle a dispute. Albania will pay CEZ 100 million euros by 2018 in yearly installments, an amount roughly equal to CEZ's initial investment.
In February 2013, Bulgarians began to mass protests against the company and two other foreign-owned power distributors, suggesting the government to follow the case of Albania. All three were fined by Bulgarian competition watchdog. However, ČEZ said it had not breached Bulgarian and European laws and would launch an appeal against the ruling in court.
Under CEO Daniel Beneš (since 2011), CEZ Group presented and implemented its new strategy based on three pillars: I. Be among the best in the operation of conventional power facilities and proactively respond to the challenges of the 21st century. II. Offer customers a wide range of products and services addressing their energy needs. III. Strengthen and consolidate ČEZ's position in Central Europe.
In 2015, ČEZ scored first in Deloitte CEE Top 500 according to market cap and fourth in overall ranking and was elected overall winner of the 2015 Euromoney Best Managed Companies Survey for Central and Eastern Europe.
In March 2024, it was announced ČEZ had agreed to acquire a 55.21% stake in the Czech Republic gas distribution network operator, GasNet in a deal valued at €846.5 million. On October 29 a report came out stating that the company has signed an agreement with Rolls-Royce SMR to develop small modular reactors.
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
- 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
- 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.
| Year | Production (TWh) | Emission (Gt CO2) | kg CO2/MWh |
|---|---|---|---|
| 2002 | 54 | 34.7 | 643 |
| 2003 | 61 | 34 | 557 |
| 2004 | 62 | 35.71 | 575 |
| 2005 | 60 | 33.3 | 555 |
| 2006 | 66 | 36.26 | 553 |
| 2007 | 73 | 46.85 | 640 |
| 2008 | 68 | 40.38 | 597 |
| 2009 | 65 | 37.2 | 569 |
| 2010 | 68 | 38.8 | 568 |
| 2011 | 69 | 38.7 | 560 |
| 2012 | 69 | 35.0 | 509 |
| 2013 | 67 | 32.0 | 480 |
| 2014 | 63 | 28.1 | 446 |
Source: Annual Reports
See also: List of European power companies by carbon intensityElectricity capacity and production
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|---|---|
| 14,288 | 14,395 | 15,018 | 15,122 | 15,779 | 15,199 | 16,038 |
Source:Helgi Library; Presentation for investors - August 2015
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|---|---|
| 67,595 | 65,344 | 68,433 | 69,209 | 68,832 | 66,709 | 63,124 |
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 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.
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.
A Czech court recently 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.
Since 2011, after Daniel Beneš became CEO calls about political influence have faded out. In 2014, ČEZ Group presented its new strategy based on three pillars: I. Be among the best in the operation of conventional power facilities and proactively respond to the challenges of the 21st century. II. Offer customers a wide range of products and services addressing their energy needs. III. Strengthen and consolidate ČEZ's position in Central Europe. In 2015, ČEZ scored first in Deloitte CEE Top 500 according to market cap and forth in overall ranking.
See also
References
- ^ "2022 Annual Financial Report" (PDF). CEZ Group.
- ^ Czech Power Games: How Russia Is Rebuilding Influence In The Former Soviet Bloc. RFE/EL. September 26, 2010
- ^ Czech Efforts to Reduce Dependence on Russian Energy Faltering by Jiri Kominek, Jamestown Foundation (27 November 2009)
- ^ CEZ and Czech energy - No, minister. April 8th 2010. The Economist.
- ^ "Perspectives from The Economist Intelligence Unit (EIU)". Perspectives from The Economist Intelligence Unit (EIU). Retrieved 25 October 2017.
- "Market Test Results Confirm the Settlement Agreement between ČEZ and the European Commission". CEZ Group. Retrieved 25 October 2017.
- "CEZ Reaches 100 Million-Euro Settlement With Albanian Government". Bloomberg. 24 June 2014. Retrieved 25 October 2017.
- "Bulgarians Rise Up against Shocking Electricity, Heating Bills". Novinite.com. Sofia News Agency. Retrieved 25 October 2017.
- Staff, Emerging Europe (2019-11-13). "CEZ appeals ban on sale of assets to Eurohold Bulgaria". Emerging Europe. Retrieved 2024-10-30.
- "Czech Republic: EIB to finance modernisation of ČEZ's distribution grid and connection of new renewable energy sources with a record-breaking loan of €790 million". European Investment Bank. Retrieved 2024-10-30.
- ^ "Deloitte Central Europe 2015 Top 500" (PDF). Archived from the original (PDF) on 2015-09-22. Retrieved 2015-10-13.
- "Best Managed Companies Survey 2015: Press release". Euromoney. 3 September 2015. Retrieved 25 October 2017.
- "CEZ to acquire majority stake in GasNet". World Pipelines. 2024-03-22. Retrieved 2024-03-22.
- "ČEZ signs cooperation agreement with Rolls Royce on development of small modular reactors". Radio Prague International. 2024-10-29. Retrieved 2024-10-30.
- "Energy Regulatory Office - ČEZ, a.s. installed power (31. 12. 2009)". Retrieved 25 October 2017.
- "The Largest Wind Farm in Europe Goes Into Trial Operation". CEZ Group. Retrieved 25 October 2017.
- "Annual reports". CEZ Group. Retrieved 25 October 2017.
- ^ "CEZ at a Glance". www.helgilibrary.com. Retrieved 2024-06-21.
- ^ "CEZ GROUP: THE LEADER IN POWER MARKETS OF CENTRAL AND SOUTHEASTERN EUROPE" (PDF). cez.cz. 2015-08-01. Retrieved 2024-06-21.
- "Kuponová privatizace: pokus, který nemá obdoby" (in Czech). iDNES.cz. October 9, 2006. Retrieved August 27, 2014.
- Martina Lustigová (March 3, 2007). "Vláda schválila prodej sedmi procent akcií společnosti ČEZ" (in Czech). Czech Radio. Retrieved August 27, 2014.
- "Stát navýšil svůj podíl v ČEZ. Na téměř 70 procent" (in Czech). Hospodářské noviny. February 13, 2009. Retrieved August 27, 2014.
- ^ "CEZ Group Annual Report 2011" (PDF). ČEZ. April 3, 2012. Retrieved August 27, 2014.
- "We Obsessively Cover the Green Scene". AutoblogGreen. Retrieved 25 October 2017.
- ^ Further Reputational Damage to ČEZ As EC Launches Third Inquiry Into Czech Electricity Market. The Global Insight. 23 September 2010
External links
- ČEZ Group website Archived 2007-02-17 at the Wayback Machine
- ČEZ Group Report
 PX companies of the Czech Republic | |
|---|---|
- Companies in the WIG30
- Companies based in Prague
- Energy companies established in 1992
- Companies listed on the Warsaw Stock Exchange
- Companies in the Central European Blue Chip Index
- Electric power companies of the Czech Republic
- Nuclear power companies of the Czech Republic
- 1992 establishments in Czechoslovakia
- Companies in the PX Index