ČEZ Group plans to accelerate the growth trend of recent years and to strengthen electricity production. The volume of investments should therefore increase by more than 22% to CZK 39.9bn (USD 1.8bn). Most of the funds (CZK 19.1bn (USD 849mln), up 42% y/y) will go into generation resources, especially into improving the safety of nuclear power plants, modernising and greening resources, and transforming the generation portfolio towards emission-free energy, led by renewable sources. In preparation for the boom in new green power plants and electromobility, investments in distribution networks should also increase by more than CZK 1bn (USD 44mln) to CZK 14.5bn (USD 644mln).
Source: ČIA news
Prepared by the team of CzechTrade Israel