On Friday, Veselin Vachkov, head of the Czech newspaper Lidove News, commented to BNT that the purchase of state shares in CEZ
depends on Czech CEZ
's arbitration against Bulgaria.
CEO Daniel Benes, in an interview with the paper's Vaclav Trejbal, said that CEZ
is one of the least indebted major energy companies in Europe, and that he is considering some large acquisitions.
Reuters cited a company spokesman as saying that CEZ
was discussing the future role of Alan Svoboda, who has headed the sales division since 2005.
The Commission notably pointed out that CEZ
made a pre-emptive reservation in the transmission system network of capacity, which it did not need at that moment.
The Czech state owns 70 percent of CEZ
, central Europe's largest listed company, while Citigroup was the second-largest custodian of CEZ
shares, holding 40 million shares on behalf of several hundred clients.
Ten years ago, CEZ
approved a programme to modernize the Control and Management System at Dukovany NPP.
received support from the Polish and British governments and the European Commission.
Meanwhile, Prime Minister Boyko Borissov met with the representative of the candidate-buyer of the electricity distribution company CEZ
- Ginka Varbakova.
SeeNews) - Aug 20, 2014 - Czech company CEZ
Prodej, part of power utility CEZ
), has won a contract, worth some CZK 2.
2 August 2013 - Czech utility CEZ
AS (PRG:BAACEZ) said today it had received approval from the European Commission (EC) to sell its 800-MW Chvaletice coal-fuelled power plant to Litvinovska Uhelna AS.
State power corporation KESH said that electricity distributor CEZ
Shperndarje was responsible for not compensating for grid losses, as it is bound to do by law, and therefore threatening water levels at the crucial Fierza dam on the Drin River which generates much of the country's hydropower supplies.
To alleviate the European Commission's concerns that it may have abused its dominant position on the Czech market for the generation and wholesale supply of electricity, the Czech electricity incumbent CEZ
has offered to divest one of its coal-fired generation capacity (Pocerady, Chvaletice, Detmarovice or Melnik III together with Tisova).