ČEPS posts CZK 3.4bn profit, invests CZK 5.9bn

Published: 19.04.2021 Related countries:  South Africa South Africa

ČEPS posts CZK 3.4bn profit, invests CZK 5.9bn

Grid operator ČEPS generated a pre-tax profit of CZK 3.40bn in 2020. Revenues totalled CZK 28.32bn. Investments in the maintenance and development of the transmission system amounted to CZK 5.93bn. The main objective is to strengthen the infrastructure and transmission capacity of the system. The most significant projects include the completion of the new double line V490 / 491 Přeštice - Vítkov and the commissioning of a new encapsulated 420 kV Vítkov substation. In the monitored period, the volume of electricity at the output from the transmission system corresponded to 65,058 GWh.