CEZ said it invested CZK 4.9bn last year, mostly in building nuclear power plants (CZK 2.9bn) and other power facilities, which is in line with our expectations. The figure excludes financial investments, such as the acquisition of three Bulgarian power distributors. The company added that the share of investment in nuclear assets will shrink in coming years as CEZ is preparing to rebuild its coal-burning plants.
According to press reports CEZ is interested in small hydroelectric power plants in Montenegro. The CEZ spokesman confirmed that the company is looking at power plants or power distributors in both Montenegro and Serbia. In Montenegro seven hydroelectric power plants are about to be privatized. CEZ is competing with the Norwegian NTE and other European energy groups. Neutral Source: CTK