Associate members
CEZ produces over three quarters of the electricity in the Czech Republic. It operates ten fossil power stations, thirteen hydro power stations, one nuclear power station, three wind power stations, and one solar power station. One nuclear power station is presently under construction. The Company also owns and operates the 220 and 400 kV high-voltage transmission grid. It does not distribute electricity directly to its final consumers, with the exception of certain large industrial customers in the Czech Republic. Most of its production is sold to eight regional electricity companies. The Company also realize import and export of the electricity. In addition, produces a minor portion of district heating. CEZ strives to produce electricity in an economical and environmentally responsible manner. CEZ´s stated capital (amounting to Kc 59,209 million as of December 31, 2000), turnover and net income establish it as a major company in the Czech Republic. The Company received excellent investment grade ratings: a BBB rating from Standard and Poor´s, an A-rating from the Japanese JBRI agency, and a Baa1 rating from Moody´s. CEZ was the first Eastern European industrial company to issue Eurobonds at European financial markets. Having almost ten and
half thousand employees and the capacity
of 10,146 MW, CEZ ranks among the medium-sized
electric utilities in the world.
Karel
Lukas
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