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| Company type | Public (PSE: CEZ, WSE: CEZ, FWB: CEZ) |
|---|---|
| ISIN | CZ0005112300  |
| Industry | Energy |
| Founded | 1992 |
| Headquarters |  Prague, Czech Republic |
| Key people | Martin Roman, CEO |
| Revenue |  196.35 billion CZK (2009) |
| Operating income | 101,927,000,000 Czech koruna (2022) |
| Net income | 51.86 billion CZK (2009) |
| Total assets | 1,107,380,000,000 Czech koruna (2022) |
| Number of employees | 32,707 (1Q 2010) |
| Website | www.cez.cz |
CEZ Group (Template:Lang-cs) is a conglomerate of 96 companies (including the parent company ČEZ, a.s.), 72 of them in the Czech Republic. It is involved in the electricity generation, distribution, and trade. CEZ Group operates also in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Germany, Hungary, Kosovo, Poland, Romania, Serbia, Slovakia and Turkey. ČEZ, a.s. is listed on Prague Stock Exchange, Warsaw Stock Exchange and ČEZ shares are also traded on the Frankfurt Stock Exchange.
ČEZ is the largest utility and biggest public company in Central and Eastern Europe. Its political activities have recently 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".
As of late 2010 the EU is investigating the company's activities.
Power stations
CEZ Group is an operator of various energy sources. Most important 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 3rd biggest power plant which fired 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)
- Varna Power Station (Bulgaria, 1,260 MW - 6 * 210)
- hydroelectric power station
- pumped storage plants
- Dalešice (450 MW)
- Dlouhé stráně (650 MW)
- Štěchovice (45 MW)
- wind power plants
- Fântânele Wind Farm (Romania, 348 MW, another 252 under construction)
- 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
| 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 |
Stock
In 1994 minor stake in company was privatized using voucher privatization. If citizen invested all his vouchers (sold for 1000,- Kčs) in ČEZ, he gained 33 stocks (330 current shares after stock split). In 2007 Czech government decided to sell gradually another 7 % stake on stock market, but due price fall of stocks in spring 2009 affected by financial crisis selling was suspended. In 2008 company decided to make share repurchase of 9 % stake, so as result government has 69.4 % stake as of December 12, 2009.
Stocks are traded on Prague, Czech Stock Exchange – RM-SYSTÉM, Warsaw and Frankfurt stock exchanges. As of December 12, 2009 asset managers held 20.8 % (of them as of May 7, 2009, UniCredit Bank Czech held 8.6 % and Citibank Europe 7.7 %), other legal persons 3,2 % and natural persons 5.4 % stake. Since 2001 company is paying annual dividends.
Electric vehicles
ČEZ's will give charities electric cars to use and test. The ČEZ will begin by loaning about a dozen electric vehicles to NGOs, with between 50 and 100 cars being made available over the coming years. The first two vehicles – a Fiat Fiorino Combi and a Fiat Fiorino Cargo – will go to a senior citizen health care charity based in Prague.
Influence on politics
See also: Europe's energy dependence on RussiaČEZ is the largest utility and biggest public company in Central and Eastern Europe. Its influence on the Czech politics and connections to Russia have recently 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".
The management of CEZ has financed the country’s largest political parties – the Civic Democratic Party (ODS) and the Social Democrats (CSSD). 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 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, CEZ must disclose political activities.
Leaked pictures show politicians across political spectrum, including a former Prime Minister, holidaying with CEZ lobbyists in Italy.
As of late 2010 the European Union is investigating CEZ. The company's offices were raided in November 2010.
CEZ 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 Vaclav Klaus's former chief of staff (Jiří Kovář) and a man who is jail for kidnapping.
References
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (August 2008) (Learn how and when to remove this message) |
- SOUHRNNÁ ZPRÁVA SKUPINY ČEZ ZA I. ČTVRTLETÍ 2010
- ^ 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. Apr 8th 2010. The Economist.
- Energy Regulatory Office - ČEZ, a.s. installed power (31. 12. 2009)
- Kuponová privatizace: pokus, který nemá obdoby
- Vláda schválila prodej sedmi procent akcií společnosti ČEZ
- Stát navýšil svůj podíl v ČEZ. Na téměř 70 procent
- Shareholders structure
- HALF-YEAR REPORT 2009 CEZ GROUP
- http://www.autobloggreen.com/2009/07/18/report-czech-charities-will-test-dozens-of-electric-cars/
- Further Reputational Damage to CEZ As EC Launches Third Inquiry Into Czech Electricity Market. The Global Insight. 23 September 2010
- Further Reputational Damage to CEZ As EC Launches Third Inquiry Into Czech Electricity Market. The Global Insight. 23 September 2010
External links
- CEZ Group website
- CEZ Bulgaria website
- TPP-Varna website
- "CEZ puts profit above all else", article in Czech Business Weekly
 PX companies of the Czech Republic | |
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