Cez Group 2019 Annual Report Coal-Fired Power Plants in the European Union Are Under a Lot of Pressure

Total Page:16

File Type:pdf, Size:1020Kb

Cez Group 2019 Annual Report Coal-Fired Power Plants in the European Union Are Under a Lot of Pressure cez group 2019 annual report Coal-fired power plants in the European Union are under a lot of pressure. Many countries have already made a commitment to shut them down. In Czechia, they will be decommissioned around 2050 mainly because we will run out of coal. Our coal-fired power plants are linked up with mines, which gives them stability and security of supply in face of future uncertainty and makes them able to remain profitable the longest among competitors. As for power plants located outside mining regions, we will continue phasing them out according to environmental limits. We are not planning to make any considerable investments in our conventional generation portfolio. Our nuclear power plants, as zero-emission generating facilities, are certain to remain profitable in the future. Besides ensuring their long-term operation, we will focus on the preparation of a new facility, for the construction and development of which we will provide personnel, among other things. As regards renewables, Czechia currently exceeds the 13% target for using renewable energy in the electricity, heating, and transportation sectors. However, the National Energy and Climate Plan sets a new target of 21% for 2030. Naturally, we want to be a leader in this field. We know our way around renewables and we know how. We now want to transfer our experience to Czechia more intensely to allow domestic consumers take advantage of it. The new energy sector means great opportunities for our country. We will seek new opportunities in the energy services market to remain number one. This will not be possible without technological innovation, new products, and new services. Distribution is going to undergo a big change—digitization. We will digitize many standard routine activities. This will allow us to handle more customer requests, increase the number of projects built, or install and operate new technologies and other innovations. By digitizing, we will also get data from the network faster and reduce its error rate. This change will allow us to control most network elements remotely. We are also planning big investments in the expansion of optical networks directly on power lines because the future will bring huge amounts of data. A number of small-scale producers as well as consumers connect to the network, consumers will also become producers, and all of this will have an impact on busy online communications. We will offer our new, robust optical networks to mobile phone operators planning to switch to 5G. Besides distribution, digitization will also considerably influence the sales of our products. Our ČEZ Prodej has long been more than just an electricity and gas supplier. Our customers perceive us as a fair provider of thermal comfort, electric mobility, household solutions, and other services. And we want to be even stronger in this. We will also focus on our service. Our goal is to maintain and expand a satisfied customer base. Like distribution, ČEZ Prodej is also going to undergo a huge change—the digitization of our activities. Customers want to do everything online and preferably in a single step. That is why we are now going to concentrate on making customers’ contact with us simpler and on streamlining our internal operations. Czechia, as well as Europe, is moving toward digitization, automation, Industry 4.0, and smart buildings and homes. Municipalities, businesses, and homeowners want to reduce consumption, optimize it throughout the day, take advantage of decentral generation. At the same time, the entire European Union is preparing for very strict targets for energy efficiency and savings. Therefore, businesses and municipalities will invest billions of euros in ESCO solutions. This is a huge opportunity for the whole European ESCO sector, which is forecast to be growing at double-digit rates. ČEZ has already built a strong position in Slovakia, Germany, and Poland, and we want to further reinforce this position. cez group’S neW StrategY eFFIcIent operatIon, optIMuM generatIon portFolIo utIlIzatIon anD DeVelopMent MoDern DIStrIButIon anD care For cuStoMerS’ energY neeDS neW energY Sector DeVelopMent In czecHIa energY SerVIceS DeVelopMent In europe Dear reaDerS: europe’S clIMate eFFortS are More anD More aMBItIouS. tHe neXt MIleStone on tHe patH to a carBon-neutral europe IS tHe Year 2030. reDucIng greenHouSe gaS eMISSIonS, IncreaSIng tHe SHare oF reneWaBle energY SourceS In total FInal conSuMptIon, or IncreaSIng energY SaVIngS—all oF tHeSe are opportunItIeS anD cHallengeS to WHIcH We are reSponDIng WItH cez group’S neW StrategY. tHIS annual report WIll SHoW You HoW We are creatIng our Future toDaY. We Hope tHat You WIll FInD It IntereStIng. CEZ Group / CEZ Group’s Profile CEZ Group’s Profile Headquartered in Czechia, CEZ Group is an integrated energy conglomerate with operations in Western, Central, and Southeastern European countries. Its core business is the generation, distribution, trade in, and sales of electricity, heat, and natural gas and coal extraction. It also provides comprehensive energy services to its customers. CEZ Group companies employed more than 32,000 people at the end of 2019. The largest shareholder of the parent company ČEZ is the Czech Republic with a nearly 70% stake in the company’s stated capital. ČEZ shares are traded on the Prague and Warsaw stock exchanges and included in the PX and WIG-CEE exchange indices. CEZ Group’s mission is to provide safe, reliable, and positive energy to its customers and society at large. Its long-term vision is to bring innovations for resolving energy needs and to help improve the quality of life. CEZ Group’s strategy consists of four priorities: Efficient Operation, Optimum Generation Portfolio Utilization and Development; Modern Distribution and Care for Customers’ Energy Needs; New Energy Sector Development in Czechia; Energy Services Development in Europe. CEZ Group companies in Czechia generate, distribute, and supply electricity and heat, trade in electricity, natural gas, and other commodities, provide comprehensive energy services, and one company extracts and sells coal. Their generation portfolio consists of nuclear, coal-fired, gas-fired, hydroelectric, photovoltaic, wind, biomass, and biogas facilities. CEZ Group’s ongoing business activities abroad concern energy services and electricity distribution, generation, trading, and sales, as well as natural gas trading and sales and commodity trading in wholesale markets. Foreign countries where CEZ Group is doing business include, most importantly, Germany, Poland, Romania, and Bulgaria, as well as Slovakia, Italy, France, Hungary, and Turkey. CEZ Group’s business activities are governed by strict ethical standards that include responsible behavior toward employees, society, and the environment. In its business activities, CEZ Group embraces the principles of sustainable development, supports energy efficiency, promotes new technologies, and creates an environment for employees’ professional growth. Its corporate culture emphasizes safety, continuous growth in internal efficiency, and support for innovation in order to increase CEZ Group’s value. 2 CEZ Group / CEZ Group’s Profile energetická aktiva CEZ Group’s Presence in the Energy Sector by Territory Berlin Warsaw Prague Paris Bratislava Budapest Bucharest Sofia Rome Ankara Generation Distribution and Sales Traditional electricity generation Electricity distribution Renewable electricity generation Heat distribution Heat generation Sales of electricity to end-use customers Sales of natural gas to end-use customers Sales of heat to end-use customers Sales of energy services 3 elektřina zemní plyn teplo výroba prodej koncovým výroba distribuce zákazníkům distribuce prodej koncovým prodej koncovým zákazníkům zákazníkům CEZ Group / Table of Contents Table of Contents 5 Statutory Declaration by Persons Responsible 158 Basic Organization Chart of ČEZ, a. s., as at March 1, 2020 for the CEZ Group 2019 Annual Report 160 Information for Shareholders and Investors 9 Introduction by the Chairman of the Board of Directors 168 Methods Used to Calculate Indicators Unspecified in IFRS of ČEZ, a. s. 170 Supplementary Information on CEZ Group Members 11 Selected CEZ Group Indicators According to IFRS 12 Shares 18 Selected Events 178 Report on Relations between the Controlling Entity and 20 Developments in Relevant Energy Markets the Controlled Entity and between the Controlled Entity 22 External Conditions in the Energy Sector and Entities Controlled by the Same Controlling Entity 26 CEZ Group Strategy for the Accounting Period of January 1, 2019, 28 CEZ Group Risk Management to December 31, 2019 32 Approach to Risks in Relation to Financial Reporting 33 Summary Report pursuant to Section 118(9) 226 Consolidated Financial Statements of CEZ Group of the Capital Market Undertakings Act in Accordance with IFRS for the Year Ended 38 ČEZ, a. s., Governance Bodies December 31, 2019 57 Persons with Executive Authority 298 Independent Auditor’s Report 59 Supplementary Information on Persons with Executive Authority at ČEZ, a. s. 304 Financial Statements of ČEZ, a. s., 61 Concern Management in Accordance with IFRS for the Year Ended 62 Corporate Governance Compliance December 31, 2019 356 Independent Auditor’s Report 66 Report on Operations 66 CEZ Group Financial Performance 362 Identification of ČEZ, a. s. 78 CEZ Group Capital Expenditure 79 CEZ Group Commodity Procurement, Sales, Annex 1 (under back cover flap) and Generation Relation Structure Diagram for the Period 82 ČEZ, a.
Recommended publications
  • Flyer Der Markgrafenkirche Mistelgau
    PFARRKIRCHE ST. BARTHOLOMÄUS MISTELGAU ST. BARTHOLOMÄUS 34 MISTELGAU Tut mir auf die schöne Pforte Wer durch eins der drei kunstvollen Portale eintritt, den erwartet ein prachtvoller barocker Innenraum – eine meisterliche Markgrafenkirche, auch ohne Kanzelaltar. Das neue Langhaus wurde an den Turm aus dem 15. Jhd. angebaut und reich ausgestattet. Zuerst mag der Blick auf das Dreieck mit dem Auge Gottes über dem Chorbogen fallen, umgeben von einem wahren Feuerwall und Spruchbändern, die die Herrlichkeit Gottes verkünden. Kurios erscheint der Unterkiefer eines Esels, den der biblische Held Simson als Stütze der Kanzel in Händen trägt. Kraft- volle Bilder verkünden die christliche Botschaft. Schulstraße 4 | 95490 Mistelgau Apr - Okt: Sa 10.00 - 17.00 Uhr So 9.30 - 17.00 Uhr Pfarramt: 09279 1711 www. kirche-mistelgau-glashuetten.de Evangelisch- Lutherische Kirche in Bayern Herausgeber und Bildrechte: Markgrafenkirchen e.V. Hans-Meiser-Str. 2, 95447 Bayreuth, www.markgrafenkirchen-bayern.de Fotos: David Sünderhauf ÜBER DIE KIRCHE Geschichte: um 1422: Bau der Kirche, deren Turmuntergeschoss noch erhalten ist 1678: Bau des Turmobergeschosses 1735-37: Neubau des Langhauses; Architekt vermutl. Johann Andreas Knorr, Portale von Johann David Räntz; Innenausstattung z. T. aus der Vorgängerkirche übernommen Ausstattung: • Chorraum (15. Jhd.) mit Wandfresken und Kreuz- gratgewölbe, Stuck von Martin Grasser (1736) • Altar von Johann Caspar Fischer (1705), im Schrein: Kreuzigungsgruppe • Kanzel von J. C. Fischer (1718) • Taufstein von Johann Georg Brenck (1686) • Zwei schöne barocke Vortragekreuze • Doppelemporen auf drei Seiten, Brüstungs- bilder von Johann Heinrich Schertel (1713/14) • Langhausdecke mit Stuck von Johann Nikolaus Feeg (1735) und Gemälden von Georg Christoph Gebhard (1743/44, 1930 nachgemalt) • Grabdenkmal für Sigmund v.
    [Show full text]
  • Consolidated Annual Report 2013
    Solutions for Demanding Business CONSOLIDATED ANNUAL REPORT 2013 CHAIRMAN´S LETTER MANAGEMENT REPORT SELECTED CONSOLIDATED FINANCIAL DATA CORPORATE GOVERNANCE CONSOLIDATED FINANCIAL STATEMENTS 4 March 2014 CONSOLIDATED ANNUAL REPORT 2013 CONTENTS I. CHAIRMAN´S LETTER .............................................................................. 4 II. MANAGEMENT REPORT ............................................................................ 6 1 GENERAL INFORMATION .......................................................................... 6 1.1 Organizational structure and nature of business operations ................ 6 1.2 General information ...................................................................... 6 2 SELECTED FINANCIAL DATA OF CONSOLIDATED FINANCIAL STATEMENTS .... 7 3 COMPANY VALUES .................................................................................. 8 3.1 Mission ........................................................................................ 8 3.2 Visions ........................................................................................ 8 3.3 The Company’s strategic goals ....................................................... 9 3.4 Characteristics of factors relevant to development of the Group .......... 9 3.5 Company management code ........................................................ 10 3.6 Code of conduct .......................................................................... 10 4 COMPANY´S AUTHORITIES .................................................................... 11
    [Show full text]
  • PDF Ogłoszony
    DZIENNIK URZĘDOWY WOJEWÓDZTWA MAŁOPOLSKIEGO Kraków, dnia 7 stycznia 2021 r. Poz. 147 UCHWAŁA NR XXVI/384/20 RADY MIEJSKIEJ W SKAWINIE z dnia 30 grudnia 2020 roku w sprawie przyjęcia Gminnego Programu Opieki nad Zabytkami dla Gminy Skawina na lata 2020-2023 Na podstawie art. 8 ust. 2, art. 18 ust. 2 pkt. 11 ustawy z dnia 8 marca 1990 roku o samorządzie gminnym ( t.j. Dz. U. z 2020 r., poz. 713 z późn. zm.), art. 87 ust 3 i 4 ustawy z dnia 23 lipca 2003 roku o ochronie zabytków i opiece nad zabytkami (t.j. Dz. U. z 2020 r., poz. 282 z późn. zm.) po zaopiniowaniu przez Wojewódzkiego Małopolskiego Konserwatora Zabytków Rada Miejska w Skawinie uchwala, co następuje: § 1. Uchwala się Gminny Program Opieki nad Zabytkami dla Gminy Skawina na lata 2020-2023, stanowiący załącznik do niniejszej uchwały. § 2. Wykonanie uchwały powierza się Burmistrzowi Miasta i Gminy Skawina. § 3. Uchwała wchodzi w życie z dniem podjęcia i podlega ogłoszeniu w Dzienniku Urzędowym Województwa Małopolskiego. Przewodnicząca Rady Miejskiej w Skawinie Ewa Masłowska Dziennik Urzędowy Województwa Małopolskiego – 2 – Poz. 147 Załącznik do uchwały nr XXVI/384/20 Rady Miejskiej w Skawinie z dnia 30 grudnia 2020 r. GMINNY PROGRAM OPIEKI NAD ZABYTKAMI DLA GMINY SKAWINA NA LATA 2020-2023 Dziennik Urzędowy Województwa Małopolskiego – 3 – Poz. 147 SPIS TREŚCI: 1. Wstęp ………………………………………………………………………………………………………….. str. 3 2. Podstawa prawna opracowania gminnego programu opieki nad zabytkami …………………………………………………………………………………………….. str. 5 3. Uwarunkowania prawne ochrony i opieki nad zabytkami w Polsce………………. str. 6 4. Uwarunkowania zewnętrzne ochrony dziedzictwa kulturowego …………………. str. 10 5. Relacje gminnego programu opieki nad zabytkami z dokumentami strategicznymi opracowanymi na poziomie gminy ……………………………………….
    [Show full text]
  • Uchwala Nr IX/111/19 Z Dnia 19 Czerwca 2019 R
    DZIENNIK URZĘDOWY WOJEWÓDZTWA MAŁOPOLSKIEGO Kraków, dnia 1 lipca 2019 r. Poz. 4901 UCHWAŁA NR IX/111/19 RADY MIEJSKIEJ W SKAWINIE z dnia 19 czerwca 2019 roku w sprawie ustanowienia „Gminnego programu niskoemisyjnego dla Gminy Skawina na lata 2019 - 2023” Na podstawie art. 18 ust. 2 pkt. 6 i 15 ustawy z dnia 8 marca 1990 r. o samorządzie gminnym (t.j. Dz. U. z 2019 r., poz. 506) oraz art. 11b ustawy z dnia 21 listopada 2008 r. o wspieraniu termomodernizacji i remontów (t.j. Dz. U. z 2018 r., poz. 966 z późn. zm.) po uzyskaniu opinii Tauron Dystrybucja Sp. z o.o., Polskiej Spółki Gazownictwa, Miejskiego Przedsiębiorstwa Energetyki Cieplnej S.A., Rada Miejska w Skawinie uchwala, co następuje: § 1. Ustanawia się „Gminny program niskoemisyjny dla Gminy Skawina na lata 2019 - 2023” stanowiący załącznik do niniejszej uchwały. § 2. Wykonanie uchwały powierza się Burmistrzowi Miasta i Gminy Skawina. § 3. Uchwała wchodzi w życie po upływie 14 dni od ogłoszenia w Dzienniku Urzędowym Województwa Małopolskiego. Przewodnicząca Rady Miejskiej Ewa Masłowska Dziennik Urzędowy Województwa Małopolskiego – 2 – Poz. 4901 Załącznik do Uchwały Nr IX/111/19 Rady Miejskiej w Skawinie z dnia 19 czerwca 2019 r. Gminny program niskoemisyjny dla Gminy Skawina na lata 2019 - 2023 Skawina, czerwiec 2019 r. Dziennik Urzędowy Województwa Małopolskiego – 3 – Poz. 4901 Spis treści 1. Cele GPN ................................................................................................................................. 4 2. Charakterystyka Gminy ..........................................................................................................
    [Show full text]
  • Amts- Und Mitteilungsblatt Nr
    Amts- und Mitteilungsblatt Nr. 03 2020 der Verwaltungsgemeinschaft Mistelgau und ihrer Mitgliedsgemeinden Mistelgau und Glashütten Erscheinungsdatum: 28. Februar 2020 – Redaktionsschluss für Nr. 04/2020: Freitag, 13. März 2020 Hohe Auszeichnung für Sportfunktionäre des TSV Obernsees Mit der höchsten in Bayern zu ver- leihenden Auszeichnung für einen Sportfunktionär wurde das jahr- zehnte lange Engagement von Dieter Treffinger vom TSV Obernsees an- lässlich der Hauptversammlung in der Kulturscheune gewürdigt. Für sage und schreibe 50-jährige Tätigkeit an verantwortlicher Stelle im Verein erhielt er die Verdienstnadel des Bayerischen Landessportverbandes (BLSV) in Gold mit Brillanten und gro- ßem Kranz sowie Urkunde durch TSV- Vorsitzenden Roland Eisenhuth und Ehrenamtsbeauftragten Peter Klein- hans überreicht. Treffinger war ab 1959 mit kurzen Unterbrechungen bis zu seinem Ausscheiden als Schatzmeister bei der aktuellen Haupt- versammlung, bis auf die Funktion des ersten Vorsitzenden, mit einer Vielzahl von Ehrenämtern betraut. Im Laufe seiner Funktionärskarriere erhielt er bereits eine große Zahl von Ehrungen. Hierzu gehörte auch wenige Tage nach der Haupt- versammlung bei einem Ehrenabend im Sportheim des SV Mistelgau die Auszeichnung durch den Deutschen Fußballbund (DFB) und dem Bayerischen Fußballverband (BFV). Gemeinsam mit 20 weiteren Sportfunktionären aus dem Fußballkreis Bamberg/Bayreuth/Kulmbach, wurde ihm eine Ehrenurkunde und die DFB-Ehrenamtsuhr durch BFV-Bezirksvorsitzenden Thomas Unger, Kreisvorsitzender Manfred Neumeister und Bezirks-Ehrenamtsreferent Siegfried Tabbert, überreicht. Eine hohe Auszeichnung bei der Hauptversammlung des TSV Obernsees erhielt auch Heidi Görke. Sie bekam die BLSV Verdienstnadel in Gold mit Brillanten und Urkunde für über 40jährige Tätigkeit an verantwortlicher Stelle im Verein. Seit 3. Februar 1980 übt sie das Amt der ersten Schriftführerin aus und wurde bei den Neuwahlen im Januar 2020 für weitere zwei Jahre gewählt.
    [Show full text]
  • The Mineral Industry of Czechia in 2016
    2016 Minerals Yearbook CZECHIA [ADVANCE RELEASE] U.S. Department of the Interior March 2021 U.S. Geological Survey The Mineral Industry of Czechia By Lindsey Abdale In 2016, Czechia was the world’s 2d-ranked producer of Mineral Trade diatomite, having produced 15% of world output; the 4th-ranked producer of kaolin (9.7% of world output); and the 10th-ranked In 2016, Czechia’s total exports were valued at $163 billion producer of bentonite (1.9% of world output). The country did and its total imports were valued at $143 billion. Exports of not mine any metal ores but produced processed metal products, metals were valued at $14.3 billion; fuels (all types), $3 billion; such as crude steel, pig iron, and semimanufactured steel, as and all mineral products, $251 million. Imports of metals were well as secondary aluminum and lead metals. Production of valued at $15.4 billion; fuels, $6.4 billion; and all mineral mineral fuels and related materials included coal, small amounts products, $676 million. Germany received 32% of Czechia’s of crude petroleum, natural gas, and uranium. The country total exports; Slovakia, 8.3%; Poland 5.8%; France, 5.2%; and supplied about 70% of its total electricity demand through Austria, 4.2%. Czechia received 26.5% of its total imports from coal-fired thermal powerplants and nuclear powerplants in 2016 Germany; 12%, from China; 8.3%, from Poland; 5.1%, from (table 1; Euracoal, 2017; Crangle, 2018; West, 2018). Slovakia; and 3.2%, from France (Czech Statistical Office, 2017a; World Integrated Trade Solution, 2017).
    [Show full text]
  • Cez Group: the Leader in Power Markets of Central and Southeastern Europe
    CEZ GROUP: THE LEADER IN POWER MARKETS OF CENTRAL AND SOUTHEASTERN EUROPE Investment story, April 2019 AGENDA . Introduction, strategic priorities 1 . Traditional Generation 9 . Regulated and New Energy 18 . Financial performance 29 . Summary 35 . Backup 37 . Electricity market fundamentals 38 . Project of new nuclear in the Czech Republic 45 . EU ETS, derogation scheme in the CR 46 . Environmental, social and governance 48 . Regulation of distribution 52 . Renewables support schemes 56 . 2018 generation outlook 58 . Latest and historical financial results 59 1 CEZ GROUP RANKS AMONG THE TOP 10 LARGEST UTILITY COMPANIES IN EUROPE Top 10 European power utilities Top 10 European power utilities Number of customers in 2018, in millions Market capitalization in EUR bn, as of April 2, 2019 1 Enel 70.4 1 Enel 57.7 2 EDF 51.0 35.1 2 Iberdrola 3 Iberdrola 33.3 3 EDF 38.1 4 Innogy 22.0 4 Engie 32.9 5 E.ON 21.0 5 E.ON 22.0 6 Engie 20.6 6 Fortum 17.0 7 Vattenfall 11.0 7 Verbund 14.9 8 EDP 8.0 8 RWE 14.6 9 CEZ Group 6.9 9 EDP 13.0 10 EnBW 5.5 10 CEZ Group 11.2 2 Source: Bloomberg, Annual reports, companies’ websites and presentations CEZ GROUP IS AN INTERNATIONAL UTILITY WITH A STRONG POSITION IN CEE AND GROWING PRESENCE IN WESTERN EUROPE CEZ Group in the Czech Republic CEZ Group in Poland . Mining . Traditional Generation . Traditional Generation . Renewables . Renewables . ESCO, Sales . Distribution . ESCO, Sales CEZ Group in Romania . Renewables . Distribution CEZ Group in Germany .
    [Show full text]
  • Morning Comments
    Thursday, March 11, 2021 | daily publication Morning Comments Equity Market, Poland Research Department: Michał Marczak +48 22 438 24 01 Kamil Kliszcz +48 22 438 24 02 Jakub Szkopek +48 22 438 24 03 Aleksandra Szklarczyk +48 22 438 24 04 Michał Konarski +48 22 438 24 05 Paweł Szpigiel +48 22 438 24 06 Mikołaj Lemańczyk +48 22 438 24 07 Piotr Bogusz +48 22 438 24 08 Piotr Poniatowski +48 22 438 24 09 DJIA 32,297.0 +1.46% FTSE 100 6,725.6 -0.07% Copper (LME) 8,861.5 +0.93% S&P 500 3,898.8 +0.60% WIG20 2,003.6 +0.47% Crude Oil (Brent) 67.87 +1.42% NASDAQ 13,068.8 -0.04% BUX 43,579.4 +0.62% USD/PLN 3.8342 -0.09% DAX 14,540.3 +0.71% PX 1,070.9 +0.51% EUR/PLN 4.5738 +0.15% CAC 40 5,990.6 +1.11% PLBonds10 1.543 -0.030 EUR/USD 1.1929 +0.24% Company & Sector News ING BSK ING board recommends no dividend from 2020 Reduce – 2020-11-19 In market filling ING informed that board recommends to divide net profit from 2020 (PLN Target price: PLN 143.10 1337.6m) and unallocated profit from previous years (PLN 495.7m) into reserve capital in amount of PLN 675.4m, while leaving PLN 1157.9m unallocated. Up to now, we have assumed that ING will payout some minor dividend in 2021 (DY<2%), however it was rather symbolic. Leaving unallocated PLN 8.90 per share leaves hope for bigger future dividends.
    [Show full text]
  • Cez Group: the Leader in Power Markets of Central and Southeastern Europe
    CEZ GROUP: THE LEADER IN POWER MARKETS OF CENTRAL AND SOUTHEASTERN EUROPE Investment story, September 2014 DISCLAIMER Certain statements in the following presentation regarding CEZ’s business operations may constitute “forward looking statements.” Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute CEZ’s current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to continued normal levels of operating performance and electricity demand at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth from investments at investment levels and rates of return consistent with prior experience. Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. CEZ undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In preparation of this document we used certain publicly available data. While the sources we used are generally regarded as reliable we did not verify their content. CEZ does not accept any responsibility for using any such information. 1 AGENDA . Introduction 2 . Wholesale prices development 7 . Group’s strategy 19 . Financial performance 28 . Backup 34 . Recent developments 35 . Position in the Czech electricity market 37 . Regional power prices 39 . Investments into power plants 40 .
    [Show full text]
  • Etzenstein Döhlau Plech Creußen Haag Prebitz Ufseß Köditz
    Hohenberg a. d. Eger Oberkotzau Betzenstein Döhlau Plech Creußen Haag Prebitz Naila Schnabelwaid Thierstein Hollfeld Aufseß Köditz Regnitzlosau Nagel Plankenfels Selb Höchstädt i. Fichtelgebirge Schwarzenbach a. Wald Gesees Stammbach Höchstädt i. Fichtel Goldkronach Berg Mistelbach Bad Alexandersbad Hummeltal Rehau Glashütten Röslau Mistelgau Helmbrechts Weidenberg Marktleuthen Emtmannsberg Wunsiedel Lichtenberg Kirchenpingarten Gattendorf Marktredwitz Weißdorf Töpen Geroldsgrün Tröstau Seybothenreuth Kirchenlamitz Münchberg Ahorntal Selbitz Mistelbach Berg Heinersreuth Schauenstein Bad Berneck i. F. Mehlmeisel Schwarzenbach an der Saale Issigau Bindlach Schönwald Pegnitz Bischofsgrün Selb Konradsreuth Geroldsgrün Schnabelwaid Selb Sparneck Markt Zell im Fichtelgebirge Pottenstein Weißenstadt Eckersdorf Schönwald Trogen Arzberg Speichersdorf Fichtelberg Leupoldsgrün Gefrees Waischenfeld Thiersheim Feilitzsch Warmensteinach Goldkronach Bad Steben Schirnding Issigau Bindlach Geroldsgrün Schönwald Pegnitz Thierstein Aufseß Köditz Berg Mistelbach Bad Alexandersbad Oberkotzau Hohenberg a. d. Eger Betzenstein Döhlau Hummeltal Rehau Glashütten Röslau Mistelgau Feilitzsch Helmbrechts Trogen Kirchenlamitz Münchberg Konradsreuth Arzberg Speichersdorf Fichtelberg Markt Zell im Fichtelgebirge Pottenstein Weißenstadt Sparneck Eckersdorf Schönwald iedel Tröstau Seybothenreuth Bischofsgrün Selb Regnitzlosau Leupoldsgrün Nagel Gefrees Waischenfeld Regnitzlosau Thiersheim Plech Creußen Haag Prebitz Markt Marktleuthen Weidenberg Emtmannsberg Töpen Wunsiedel
    [Show full text]
  • ATTENDING ENERGY COMPANIES Updated on 30 / 10 / 2019 (Sorted by Alphabetical Order of Country)
    12 - 14 November 2019 | Paris, France ATTENDING ENERGY COMPANIES updated on 30 / 10 / 2019 (sorted by alphabetical order of Country) Afghanistan, BAYAT POWER Albania, OSHEE ALBANIA Albania, OST albania Algeria, Sonelgaz Austria, E-Conrol Austria, Energie Graz GMBH Austria, Energie Steiermark Austria, EVN AG Austria, KNG-Kränten Netz GmbH Austria, Netz Niederösterreich GmbH Austria, Wien Energie GmbH Austria, Wiener Netze GmbH Bahrain, Electricity and Water Authority Bahrain, EWA Belgium, Brussels Network Operations Belgium, EDF Luminus Belgium, Elia Asset Belgium, Elia Group Belgium, Elia system Operator Belgium, Enel SpA Belgium, Engie Belgium, Engie Electrabel Belgium, Engie Generation Europe Belgium, Fluvius System Operator CVBA Belgium, i-DE (Iberdrola) Belgium, Luminus Belgium, Ores Belgium, Resa Belgium, Sibelga Belgium, SUEZ Belgium, Veolia Bosnia and Herzegovina, Elektro Doboj Bosnia and Herzegovina, Elektroprivreda of Bosnia and Herzegovina Bosnia and Herzegovina, JP Elektroprivreda BiH Brazil, Centrais Elétricas de Santa Catarina Brazil, Copel Distribuição S.A. Bulgaria, CEZ Electro Bulgaria AD Bulgaria, CEZ ESCO Bulgaria Bulgaria, ESO EAD Bulgaria, EVN Bulgaria, Overgas Mrezhi Cameroon, ENEO Cameroon, KPDC: KRIBI POWER DEVELOPMENT COMPANY SA. Canada, Hydro-Québec Canada, New Brunswick Power (Canada) Canada, Saint John Energy Chile, Empresas Lipigas Chile, Enel Generación CHILE China, Enedis Côte d'Ivoire, CIE( Compagnie Ivoirienne d'Electricité) Côte d'Ivoire, GS2E Croatia, CROATIAN ENERGY MARKET OPERATOR Ltd Croatia, Enedis Croatia, Gradska plinara Zagreb d.o.o. Croatia, HEP - Distirbution System Operator Ltd. Croatia, HEP d.d. Croatia, HEP ELEKTRA d.o.o. Croatia, HEP PLIN d.o.o. Croatia, HEP Trgovina d.o.o. Croatia, HEP-ESCO Ltd. Croatia, HEP-TRGOVINA d.o.o.
    [Show full text]
  • Liefer- Und Abholservice in Stadt Und Landkreis Bayreuth
    SERVICE Liefer- und Abholservice in Stadt und Landkreis Bayreuth Die Infosammlung bietet den Bürgerinnen und Bürgern in Stadt und Landkreis eine umfassende Übersicht der aktuellen Lieferservice- und Abholangebote und ist ein wertvoller Service für die Bevölkerung in Zeiten der Corona-Krise. Die Angebote sind nicht nur wichtig, um die Menschen in der Umgebung weiter mit Notwendigem zu versorgen, sondern auch den Betrieb aufrechtzuerhalten. Inhaltsverzeichnis Liefer- und Abholservices in Stadt und Landkreis Bayreuth Nahrungsmittel, Grundversorgung, ehrenamtliche Hilfsangebote Liefer- und Abholservices in der Stadt Bayreuth (alphabetisch sortiert) Seite 02 Liefer- und Abholservices im Landkreis Bayreuth (alphabetisch nach Orten sortiert) Seite 12 Direktvermarkter der Initiative Bayreuther Land Seite 23 Weitere Angebote melden Die Liste wird einmal wöchentlich aktualisiert und erhebt keinen Anspruch auf Vollständigkeit. Weitere Angebote können jederzeit gerne für die Stadt Bayreuth an [email protected] und für den Landkreis Bayreuth an [email protected] gesendet werden. Wir werden diese gerne bei der nächsten Aktualisierung berücksichtigen. Aktueller Stand: 16.12.2020 Herausgeber Stadt und Landkreis Bayreuth, [email protected], Tel. 0921 25-1001 oder 0921 728-158 Seite 1 STADTGEBIET BAYREUTH Abhol-/Lieferservices/Soziale Dienste Ort Artikel/ Produkte Art (Lieferung, Abholung, Lieferumkreis / Haltepunkte von Selbstbedienung) Lieferwagen Asia Bistro Bonsai fertige Gerichte (asiatisch) Abholung Bayreuth
    [Show full text]