ČEZ Distribuce invests CZK 83bn into networks

Published: 23.06.2020 Related countries:  Korea (south) Korea (south)

Taking steps to prepare for the future

ČEZ Distribuce invests over CZK 83bn in its networks between 2020 and 2025. Of this, CZK 23bn will be spent on digitization. The CEO of ČEZ Distribuce, Martin Zmelík, said that the company is preparing for the growing requirements for the connection of renewable sources, the increase in electromobility and the trend of accumulation. The funds will go e.g. to remotely controlled elements and elements of monitoring the distribution system. Furthermore, to systems for voltage control and regulation or to IT technologies that will speed up and streamline communication with the customer and simplify processes within the company.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul