Skip to main content

ČEZ aims to enhance its nuclear power production (Czech Republic)

The Czech utility company ČEZ has published an operational and financial update of its 2016 activities. The Group posted a 3% decrease in revenues to CZK 204bn (€7.5bn) (-29% for net income), mainly due to low electricity price. However, its EBITDA increased by 3.8% and adjusted net income by 9%.



ČEZ also announced the sale of its 7.5% stake in MOL Hungarian Oil and Gas Plc for US$497.8m.



At the moment, the CEZ holds 6 nuclear reactors which account for 32.5% of its electricity generation: 4 VVER-440 reactors at the Dukovany NPP with a combined capacity of 2,040 MW and 2 VVER-1000 reactors at the Temelín NPP with a combined capacity of 2,160 MW.



The two plants had a combined capacity of 4,047 MW and generated 24.064 TWh of electricity in 2016 (a figure lower than the 26.72 TWh in 2015). Both Temelín units are completely operational but the Dukovany plant had a significant number of outages. The company intends to increase the share of nuclear power generation in its energy mix and the feasibility study for a new reactor at Dukovany is in progress. In October 2016, Rosatom submitted a proposal to build a VVER-1200 reactor at Dukovany and the company plans to submit a construction permit by 2025.



In 2016, CEZ's installed capacity declined by 2% to 15.6 GW but its power generation remained stable at 61 TWh. The 10% drop in nuclear power generation (to 24.1 TWh) was offset by a higher power generation from coal and lignite (+5% to 30.7 TWh), from gas (3-fold increase to 1.8 TWh) and from hydropower (+6% to 2.3 TWh). Renewable power generation slightly decreased (-10% for wind, -6% for solar PV but +11% for biomass). Power generation dipped by 3% in the Czech Republic to 55.1 TWh, by 6% in Romania to 1.2 TWh and remained stable in Poland at 2.9 TWh.



The group sold 37.5 TWh to end consumers (-1%), including 13.7 TWh to households (+4%) and 18.6 TWh to industrial customers (-3%). CEZ also sold 12.9 TWh on the wholesale market (+11%) and distributed 50.6 TWh to end customers (35 TWh in the Czech Republic, 6.4 TWh in Romania and 9.3 TWh in Bulgaria). Sales of natural gas increased by 20% year-on-year (CEZ Prodej became the second largest gas supplier in the Czech Republic), electricity sales decreased by 1%, and heat sales increased by 8%.

Power plant tracker

Interested in Power Plants?

Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.

Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.

Request a free trial Contact us