CEZ announced plan to invest
CZK 1.0bn (EUR 36m) into desulphurization project of Polish power plant Skawina, which will reduce its SO2 emissions by 92%. The first phase of desulphurization will be finished in December 2007 and whole project is expected to be concluded next year.
Our view:
CEZ announced its planed CAPEX for the period 2007-2009 together with FY2006 results. This news thus only give some light on where part of the money will go. Although we see CEZ’s effort to improve its assets positively, we don’t expect trading impact.