Back
CEZ Hungary News CEZ Group CEZ Power Company has submitted a bid for Zespół Elektrowni Dolna Odra S.A. (Dolna Odra Group of Plants)

2005. 4. 22.

CEZ Power Company has submitted a bid for Zespół Elektrowni Dolna Odra S.A. (Dolna Odra Group of Plants)

CEZ Power Company has today submitted a tentative offer for a privatized Polish power company Dolna Odra. CEZ is thus entering a privatization tender for a fully 10 % share in this company.

The Polish government should make a short list of parties concerned and also later determine on the concrete amount of the privatized share based on the tentative bids.

"CEZ Power Company has already succeeded in the acquisitions in South-Eastern Europe, where we already own Bulgarian and Romanian distribution firms. Poland, namely, is our strategic act in Central-European region on the way to our aim to become the leader of the power market in Central and South-Eastern Europe. The vicinity to Poland leads to mutual acquaintance of the power industries, which is very important for a possible future partnership," said Martin Roman, CEO and Chairman of the Board of Directors.

Dolna Odra is the fifth largest electricity producer in Poland. The complex consists of a power plant (Dolna Odra) and two heating plants (Pomorany and Stetin), the total installed capacity of the complex reaches 1,950 MW.  

During its expansion, CEZ Power Company has already successfully taken over three distribution firms in Bulgaria and at the beginning of April signed and agreement about privatization of the Oltenia distribution company in Romania. By these acquisitions CEZ has almost doubled the number of its end customers to the total 6.6 million and came up to the eighth place among the European power companies by this criterion.

Eva Novakova, Press Officer, CEZ, a. s.