CEZ Group
Encyclopedia
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
of 96 companies (including the parent company ČEZ, a.s.
Joint stock company
A joint-stock company is a type of corporation or partnership involving two or more individuals that own shares of stock in the company...
), 72 of them in the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
. It is involved in the electricity generation
Electricity generation
Electricity generation is the process of generating electric energy from other forms of energy.The fundamental principles of electricity generation were discovered during the 1820s and early 1830s by the British scientist Michael Faraday...
, distribution, and trade. CEZ Group operates also in Albania
Albania
Albania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...
, Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
, Bosnia and Herzegovina
Bosnia and Herzegovina
Bosnia and Herzegovina , sometimes called Bosnia-Herzegovina or simply Bosnia, is a country in Southern Europe, on the Balkan Peninsula. Bordered by Croatia to the north, west and south, Serbia to the east, and Montenegro to the southeast, Bosnia and Herzegovina is almost landlocked, except for the...
, Bulgaria
Bulgaria
Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
, Kosovo
Kosovo
Kosovo is a region in southeastern Europe. Part of the Ottoman Empire for more than five centuries, later the Autonomous Province of Kosovo and Metohija within Serbia...
, Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
, Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
, Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
, Slovakia
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
and Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
. ČEZ, a.s. is listed on Prague Stock Exchange
Prague Stock Exchange
The Prague Stock Exchange or PSE is the Czech Republic's main securities market and currently the second biggest stock exchange in Central and Eastern Europe...
, Warsaw Stock Exchange
Warsaw Stock Exchange
The Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...
and ČEZ shares are also traded on the Frankfurt Stock Exchange
Frankfurt Stock Exchange
The Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and the clearing company...
.
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
- nuclear power plantNuclear power plantA nuclear power plant is a thermal power station in which the heat source is one or more nuclear reactors. As in a conventional thermal power station the heat is used to generate steam which drives a steam turbine connected to a generator which produces electricity.Nuclear power plants are usually...
s- TemelínTemelín Nuclear Power StationTemelín Nuclear Power Station is located near Temelín, a small village in the Czech Republic. Temelín NPP is owned by ČEZ Group, which employs 1000 workers at this site. The adjacent castle Vysoký Hrádek serves as an information centre.-History:...
(2000 MW - 2 * 1000) - DukovanyDukovany Nuclear Power StationThe Dukovany Nuclear Power Station is a nuclear power plant near Dukovany, a village in the Czech Republic.It was the first NPP in what is now the Czech Republic and is situated 30 km from the city of Třebíč, near Dalešice Dam, where the NPP sources its water supply...
(1830 MW - 3 * 440 + 510)
- Temelín
- 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 StationChvaletice Power StationChvaletice Power Station is a large lignite fired power station at Chvaletice in the Czech Republic, owned by ČEZ. Installed power output is 4x 200 MW. Blocks 3 + 4 use a chimney 305 metres tall built in 1977 making it the tallest free-standing structure in the Czech Republic.-External links:**...
(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 StationPrunérov Power StationThe Prunéřov Power Station is the largest coal-fired power station in the Czech Republic with installed capacity of 1,490 MW. It is located near Kadaň....
(1,490 MW - 4 * 110 + 5 * 210) - Tisová Power Station (295 MW - 3 * 57 + 125 + 13)
- Tušimice Power StationTušimice Power StationTušimice Power Station is a lignite-fired power station in Tušimice, Czech Republic. It is owned and operated by CEZ Group.The first power station in Tušimice was commissioned in 1963–1964. The current power station was commissioned in 1973–1974. The power station consists of four generation...
(800 MW - 4 * 200) - Elcho Power Station (PolandPolandPoland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
, 220 MW - 2 * 110) - Skawina Power Station (Poland, 492 MW)
- Varna Power Station (BulgariaBulgariaBulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
, 1,260 MW - 6 * 210)
- hydroelectric power station
- LipnoLipno DamThe Lipno Dam is a dam with hydroelectric plant constructed along the Vltava River in the Czech Republic.- History :Due to frequent flooding and subsequent damage, the Vltava River in Southern Bohemia had been problematic for the Český Krumlov and other settlements, through which it flowed...
(122 MW) - OrlíkOrlík DamThe Orlík Dam is the largest hydroelectric dam in the Czech Republic. It dams the Vltava River near the village of Solenice, which is near the town of Příbram. The structure is named after a chateau, which is situated a few kilometers above the dam...
(364 MW) - Kamýk (40 MW)
- SlapySlapy Hydro Power PlantSlapy Hydro Power Plant is a large power plant in the Czech Republic that has four turbines with a nominal capacity of 36 MW each having a total capacity of 144 MW.-How Hyrdoelectric Power Works:...
(144 MW) - ŠtěchoviceŠtechovice ReservoirŠtěchovice Reservoir is a dam on Vltava River built during 1937 - 1945 as the second stage of the Vltava Cascade. The dam is named after nearby village Štěchovice....
(23 MW) - Vrané (14 MW)
- Střekov (20 MW)
- Lipno
- pumped storage plantsPumped-storage hydroelectricityPumped-storage hydroelectricity is a type of hydroelectric power generation used by some power plants for load balancing. The method stores energy in the form of water, pumped from a lower elevation reservoir to a higher elevation. Low-cost off-peak electric power is used to run the pumps...
- DalešiceDalešice DamDalešice Dam lies on the Jihlava River in the Czech Republic. It was built between 1970 and 1978 as a water source for the nearby Dukovany Nuclear Power Station. With nearby Mohelno Dam, it is part of the Dalešice pumped-storage plant...
(450 MW) - Dlouhé stráněDlouhé Stráne Hydro Power PlantDlouhé stráně Hydro Power Plant is a large pumped storage plant in the Czech Republic that has 2 turbines with a nominal power of 325 MW each having a total capacity of 650 MW. The power plant is built on the Desná river...
(650 MW) - ŠtěchoviceŠtechovice ReservoirŠtěchovice Reservoir is a dam on Vltava River built during 1937 - 1945 as the second stage of the Vltava Cascade. The dam is named after nearby village Štěchovice....
(45 MW)
- Dalešice
- wind power plants
- Fântânele Wind Farm (RomaniaRomaniaRomania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
, 348 MW, another 252 under construction)
- Fântânele Wind Farm (Romania
- 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 TWH TWH or twh could refer to:*Tennessee Walking Horse, a breed of horse* Toronto Western Hospital, a hospital in Toronto, Canada* TWH Bus & Coach, a bus company in Romford, England* Terrawatt-hour, measure of electrical energy, 1012 watt-hours... ) |
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 privatizedPrivatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
using voucher privatization
Voucher privatization
Voucher privatization is a privatization method where citizens are given or can inexpensively buy a book of vouchers that represent potential shares in any state-owned company...
. If citizen invested all his vouchers (sold for 1000,- Kčs) in ČEZ, he gained 33 stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
s (330 current shares after stock split
Stock split
A stock split or stock divide increases the number of shares in a public company. The price is adjusted such that the before and after market capitalization of the company remains the same and dilution does not occur. Options and warrants are included....
). In 2007 Czech government decided to sell gradually another 7 % stake on stock market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
, but due price fall of stocks in spring 2009 affected by financial crisis selling was suspended. In 2008 company decided to make share repurchase
Share repurchase
Stock repurchase is the reacquisition by a company of its own stock. In some countries, including the U.S. and the UK, a corporation can repurchase its own stock by distributing cash to existing shareholders in exchange for a fraction of the company's outstanding equity; that is, cash is exchanged...
of 9 % stake, so as result government has 69.4 % stake as of December 12, 2009.
Stocks are traded on Prague
Prague Stock Exchange
The Prague Stock Exchange or PSE is the Czech Republic's main securities market and currently the second biggest stock exchange in Central and Eastern Europe...
, Czech Stock Exchange – RM-SYSTÉM, Warsaw
Warsaw Stock Exchange
The Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...
and Frankfurt
Frankfurt Stock Exchange
The Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and the clearing company...
stock exchanges. As of December 12, 2009 asset managers
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
held 20.8 % (of them as of May 7, 2009, UniCredit
UniCredit
UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :...
Bank Czech held 8.6 % and Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
Europe 7.7 %), other legal persons 3,2 % and natural person
Natural person
Variously, in jurisprudence, a natural person is a human being, as opposed to an artificial, legal or juristic person, i.e., an organization that the law treats for some purposes as if it were a person distinct from its members or owner...
s 5.4 % stake. Since 2001 company is paying annual dividend
Dividend
Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business , or it can be distributed to...
s.
Electric vehicles
ČEZ's will give charitiesCharitable organization
A charitable organization is a type of non-profit organization . It differs from other types of NPOs in that it centers on philanthropic goals A charitable organization is a type of non-profit organization (NPO). It differs from other types of NPOs in that it centers on philanthropic goals A...
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
Fiat Fiorino
Fiorino is a model name that Italian car maker Fiat gives to the van derivatives of its small cars and also the name of an old Italian coin, normally translated into English as the Florin.- First generation :...
Combi and a Fiat Fiorino Cargo – will go to a senior citizen health care
Health care
Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers...
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 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
Czech Social Democratic Party
The Czech Social Democratic Party is a social-democratic political party in the Czech Republic.-History:The Social Democratic Czechoslavonic party in Austria was founded on 7 April 1878 in Austria-Hungary representing the Kingdom of Bohemia in the Austrian parliament...
(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
STB
STB is an acronym that can mean:* Sacrae Theologiae Baccalaureus – Bachelor of Sacred Theology* Set-top box – a television device that converts signals to viewable images* Simpson Thacher & Bartlett LLP -- a law firm...
security service and the Soviet KGB
KGB
The KGB was the commonly used acronym for the . It was the national security agency of the Soviet Union from 1954 until 1991, and was the premier internal security, intelligence, and secret police organization during that time.The State Security Agency of the Republic of Belarus currently uses the...
.
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
Václav Klaus
Václav Klaus is the second President of the Czech Republic and a former Prime Minister .An economist, he is co-founder of the Civic Democratic Party, the Czech Republic's largest center-right political party. Klaus is a eurosceptic, but he reluctantly endorsed the Lisbon treaty as president of...
's former chief of staff (Jiří Kovář) and a man who is jail for kidnapping.