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Headquartered in the Czech Republic, CEZ Group is an established, integrated energy conglomerate with operations in a number of Central and South-eastern European countries and Turkey. The Group’s core business is the generation, distribution, trade in and sales of electricity and heat, trade in and sales of natural gas, coal extraction, and energy services. CEZ Group companies employ over 26,000 people.
The largest shareholder of its parent company, ČEZ, a. s., is the Czech Republic with a nearly 70% stake in the Company’s share capital (as at May 27, 2016). CEZ, a. s. shares are traded on the Prague and Warsaw stock exchanges and included in the PX and WIG-CEE exchange indices.
CEZ Group’s mission is to provide safe, reliable, and positive energy to its customers and society as a whole; its goal is to bring innovations for resolving energy needs and to help improve the quality of life. Its strategy reflects the major transformation of Europe’s energy market. CEZ Group wants to operate its power assets as efficiently as possible and adapt to the growing share of decentralized and zero-emission generation. Another of its priorities is to offer its customers a wide range of products and services in synergy with the sale of electricity and gas. Its third priority is to invest actively in promising energy assets with focus on the Central European region and in support for advanced technologies in an early stage of development.
CEZ Group companies in the Czech Republic extract and sell coal, generate and distribute electricity and heat, trade in electricity and other commodities. They sell electricity, heat, and natural gas to end customers, offer them electricity generation and storage facilities, and provide them with other services, especially in relation to energy savings. Their power generation portfolio consists of nuclear, coal-fired, gas-fired, hydroelectric, photovoltaic, wind and biogas facilities. To ensure continuity of CEZ Group’s successful market presence in the Czech Republic, which it considers crucial for its business, its power generation portfolio is being renewed, upgraded, and developed extensively, as well as its distribution network.
CEZ Group’s activities abroad consist mainly of electricity distribution, generation, trading, and sale. CEZ Group is the owner or co-owner of generation and distribution assets in Germany, Poland, Romania, Bulgaria, Turkey, and Slovakia. CEZ Group’s subsidiaries in the Netherlands and Ireland are ownership intermediaries and companies providing its financing.
In Germany, CEZ Group operates several wind parks and is active in new decentralized energy through its investment fund, INVEN CAPITAL. In Poland, CEZ Group operates two hard coal-fired power plants and two hydropower plants near the country’s border with the Czech Republic and owns a developer preparing the construction of wind parks. In Romania, CEZ Group operates hydropower plants, the biggest onshore wind park in Europe and is involved in electricity distribution and sales. In Bulgaria, it distributes and sells electricity in the western part of the country. In Turkey, CEZ Group and its local partner operate a distribution and sales company and generate electricity in gas-fired and hydroelectric power plants and a wind park.
In many European countries, CEZ Group trades in electricity and other commodities on wholesale markets. Beside the Czech Republic CEZ Group sells electricity or natural gas to end customers in Romania, Bulgaria, Turkey, Hungary, Poland, and Slovakia, in particular.
CEZ Group’s business activities are governed by strict ethical standards that include responsible behaviour toward employees, society and the environment. In its business activities, CEZ Group embraces the principles of sustainable development, supports energy efficiency, promotes new technologies, and creates an environment for employees’ professional growth. Its corporate culture emphasizes safety, continuous growth in internal efficiency, and support for innovation in order to increase CEZ Group’s value.
For more information you may visit CEZ Group website www.cez.cz/en.