ČEZ wants to form its new base in the Balkan region and is very interested in the Electric Power Company of Serbia and the power plant in Pljevlja

CEO of ČEZ, Martin Roman is soon to come for the first actual negotiations with Serbian partners to talk about future cooperation because they wish to make a new ČEZ base. ČEZ is the biggest electric exporter in Europe and 7th for its production.

After a very successful purchase of three distribution companies in west Bulgaria, area that borders with Serbia, they also won a tender for a Romanian distribution company Oltenia. They are also participants for 3 tenders for the sale of 3 power plants in Bulgaria. Selling of the power plant in Romania is also in preparation and after that the privatization of the distributive company Muntenia Sud will take place. After that Serbia and Montenegro come to the scene. In the first half of the year privatization is expected coal power plant in Montenegro. It is the power plant in Pljevlja which is currently in government’s possession as is the neighboring coal mine and it is a minority ownership of 32%.

In the first part of February public presentation of ČEZ was held in Skopje and also recently in Belgrade. ČEZ’s executives think that Serbia is of a very high importance and that is the reason why they presented themselves to their Serbian partners on the assembly organized by themselves. ČEZ and the Electric Power Company of Serbia are very close, they have a similar structure: from the mines, over the production to the distribution.