|Public (PSE: CEZ, WSE: CEZ, FWB: CEZ)|
|Headquarters||Prague, Czech Republic|
|Revenue||209.76 billion CZK (2011)|
|40.8 billion CZK (2011)|
Number of employees
ČEZ Group (Czech: Skupina ČEZ České Energetické Závody) 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, trade, distribution and heat, as well as coal mining. CEZ Group operates also in Albania, Bulgaria, Germany, Hungary, Poland, Romania, Slovakia and Turkey. ČEZ, a.s. is listed on Prague Stock Exchange, and Warsaw 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". Capital Group Companies invested 2.98% into ČEZ Group. As of late 2010 the EU is investigating the company's activities.
Comments made by third parties under the market test have shown no need to materially change the commitments proposed by ČEZ to the European Commission in June 2012. Under the Settlement Agreement, ČEZ undertakes to sell one of five specific power plants with an installed capacity of at least 800 MW.
In January 2013 Albania removed CEZ license to operate in Albania. In February 2013 Bulgarians began to mass protests against the company, suggesting the government to follow the case of Albania.
ČEZ 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's third largest power plant fired by 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
- wind power plants
- solar power plants
- other smaller energy sources
|Year||Production (TWh)||Emission (Gt CO2)||kg CO2/MWh|
Electricity capacity and production
Source:Helgi Library 
Source:Helgi Library 
In 1994 a minor stake in the company was privatized using voucher privatization. If citizens invested all their vouchers (sold for 1000,- Kčs) in ČEZ, they gained 33 stocks (330 current shares after stock split). In 2007 the Czech government decided to gradually sell another 7% stake of ČEZ on the stock market, but due to the stock price fall during spring 2009, affected by financial crisis, selling was suspended. In 2008 the company decided to repurchase 9% of the company's shares.
As of December 31, 2011, the Czech Republic remained the company’s largest shareholder with 69.78% stake in the stated capital. Other shareholders included:
- Chase Nominees Ltd. (4.83%)
- Citibank Europe plc (4.8%)
- Private individuals (4.31%)
- Československá obchodní banka (4.17%)
The building of a network of public charging stations for electric vehicles got fully underway in 2011. The first public charging station – in front of ČEZ’s headquarters in Prague’s Duhová Street – opened on November 30, 2011. As of December 2011, seven CEZ Group public charging stations were in operation, in Prague and Chrášťany, Prague-West district. ČEZ's given charities electric cars to use and test. Between 50 and 100 electric cars being made available over the coming years. The first two vehicles – a Fiat Fiorino Combi and a Fiat Fiorino Cargo – went to a senior citizen health care 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 ČEZ’s board into politics".
The management of ČEZ 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.
ČEZ 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 Václav Klaus's former chief of staff (Jiří Kovář) and a man who is jail for kidnapping.
- CEZ Group Annual Report 2013, page 64
- 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. April 8th 2010. The Economist.
- Market Test Results Confirm the Settlement Agreement between ČEZ and the European Commission
- Energy Regulatory Office - ČEZ, a.s. installed power (31. 12. 2009)
- CEZ Group: The Largest Wind Farm in Europe Goes Into Trial Operation
- | http://www.helgilibrary.com/reports/index/cez-at-a-glance-dec-2013-helgi-analytics | 2014-02-09
- "Kuponová privatizace: pokus, který nemá obdoby" (in Czech). iDNES.cz. October 9, 2006. Retrieved August 27, 2014.
- Martina Lustigová (March 3, 2007). "Vláda schválila prodej sedmi procent akcií společnosti ČEZ" (in Czech). Czech Radio. Retrieved August 27, 2014.
- "Stát navýšil svůj podíl v ČEZ. Na téměř 70 procent" (in Czech). Hospodářské noviny. February 13, 2009. Retrieved August 27, 2014.
- "CEZ Group Annual Report 2011". ČEZ. April 3, 2012. Retrieved August 27, 2014.
- Further Reputational Damage to ČEZ As EC Launches Third Inquiry Into Czech Electricity Market. The Global Insight. 23 September 2010
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