Energy provider ČEZ Distribuce to invest CZK 13.5bn in net digitization

Published: 28.07.2021 Related countries:  New Zealand New Zealand, Australia Australia

The company is also continuing to develop fibre optic infrastructure supporting decentralized energy. Investments to ensure reliable electricity supply will exceed CZK 83bn in 2020-2025.

ČEZ Distribuce will invest CZK 13.5bn in its networks in 2021, i.e. CZK 1bn more y/y. Expenditure is directed at remotely controlled elements and monitoring of the distribution system and the voltage control and regulation system. ČEZ Distribuce CEO Martin Zmelík added that ČEZ is switching to a system based on internal digitalization and that the distribution network needs to be prepared for the growing requirements of connecting renewable sources and the increase in electromobility and accumulation. The company is also continuing to develop fibre optic infrastructure supporting decentralized energy. Investments to ensure reliable electricity supply will exceed CZK 83bn in 2020-2025.  

Source: Daily news | ČIA news
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