CEZ Group in Romania ended 2017 at a net profit level
CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortization (EBITDA) of 362 million RON (78.6 million Euro). 2018-07-11 14:52:40
"2017 was marked by the results of the operational success with moments of reflection on the activity of CEZ Group in Romania in the last 12 years that was mainly focused on delivering complete energy and natural gas services, under efficient costs and in a sustainable manner," said Martin Zmelik, Country Manager and Chairman of the Board of CEZ Romania.
In 2017, the turbines from Fantanele - Cogealac wind farm produced a total of 1.323 GWh, CEZ Group in Romania being the largest private energy producer from renewable sources. Also, in December 2017, CEZ wind farm registered a peak in energy production of 154 599 MWh.
The distribution operator continued the transformation process into a digitized company throughout the SMART Transformation program, 2017 being its third year of development and the year that gave a first notable result: a reduced grid energy loss by 8.2 per cent, compared to 2016. In parallel, the distribution activity was sustained by state-of-the-art technological equipment and investment amounting 178 million RON in CAPEX (own funds) and 171 million RON in commissioning.
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