CEZ Group officially confirms will sell assets in Bulgaria, Romania, Turkey and Poland

One week after the first information was released, regarding the possible exit of CEZ Group from Romania, the energy company’s officials have officially confirmed it intends to sell the assets in Bulgaria, Romania, Turkey and Poland. The move is part of a strategy that focuses mainly on domestic market, cotidianul.ro reports.

The information was made public by CEO Daniel Benes for ‘Hospodarske Noviny’ newspaper.

“Within the new strategy, we have the ambition to leave Bulgaria in the coming years…” Benes said. “We also consider exiting Romania, Turkey and we are considering leaving Poland, where we have two power plants on coal, as part of the group’s intention to cut down the carbon dioxide emissions,” the CEZ official said. He added that the sale of assets from these markets will bring several billion Czech Crowns.

The new CEZ strategy will focus on its nuclear and coal assets, on modernizing distribution and the development of energy services on the Czech market and in the neighbouring countries.

The CEZ Group owns nine companies in Romania: Distribuție Energie Oltenia, CEZ Romania, CEZ Vânzare, CEZ Trade, CEZ ESCO Romania, Tomis Team, MW Invest, Ovidiu Development and TMK Hydroenergy Power.

In Romania, CEZ bought in 2005 the former branch of Electrica Oltenia for energy supply. The group also owns the largest wind power park in Europe, of 600MW, at Fântânele-Cogealac.

asset saleBulgariaCEZ Groupcoal plantczech marketdaniel beneselectrica olteniaenergy supplynuclear energyPolandTurkey