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CEZ invests in expanding network of public charging stations for EV

posted onDecember 5, 2017
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CEZ Electromobility, the operator of the most extensive network of public charging stations for electric vehicles (EV) in the Czech Republic, will construct another 63 fast-charging stations in the country, as the company has succeeded in the European grant procedure. The overall project budget amounts to EUR 2.937 million, of which EUR 2.496 million is the European Commission grant, and the remaining 15 percent being the co-payment by CEZ.

In 2016, CEZ obtained resources for the construction of fast-charging infrastructure for electric vehicles for the first time through the EC's EV Fast Charging Backbone Network Central Europe program. As a result, a total of 7 fast-charging stations (on the D0, D1 and D8 motorways) were comissioned, while dozens of other charging stations are in the preparatory phase and they will be constructed this year and in 2018.

CEZ ELECTROMOBILITY

“For fast traveling between cities, construction of fast-charging stations is an essential prerequisite. The European grant under the CEF Transport facility allows for building such stations much faster” said Kamil Čermák, Chief Executive Officer of CEZ ESCO. “In addition, we have been expanding the charging network from our own resources while simultaneously also creating a portfolio of related services and products for companies, municipalities and regions,” he added.

The CEZ Electromobility project currently operates the largest network of public EV charging stations in Czech Republic – offering drivers 35 fast charging stations as well as about fifty “normal”charging stations. In 2011, the building of a network of public charging stations for electric vehicles got fully underway with the opening of the first public charging station – in front of ČEZ’s headquarters in Prague’s Duhová Street. Since then, CEZ has given charities electric cars to use and test. Between 50 and 100 electric cars being made available over the coming years. The first two vehicles – a Fiat Fiorino Combi and a Fiat Fiorino Cargo – went to a senior citizen health care charity based in Prague.

In Czech Republic, there are about 1,500 electric vehicles currently registered. Similarly to other developed countries in Europe, electric vehicles are becoming common, as analysts have long predicted that car and fleet owners would soon abandon traditional fossil-fuel-powered vehicles and go electric.

CEZ

About CEZ

CEZ is an established, integrated electricity conglomerate with operations in a number of countries in Central and Southeastern Europe (Bulgaria, Germany, Hungary, Poland, Romania, Slovakia )and Turkey. Founded in 1992, the company is headquartered in Prague, Czech Republic. Its principal businesses encompass generation, trading, and distribution of power and heat, as well as coal mining. CEZ is listed on Prague Stock Exchange and Warsaw Stock Exchange and is the largest utility and biggest public company in Central and Eastern Europe.

As of September 30, 2016, the Czech Republic remained the company's largest shareholder with a nearly 70% stake in the stated capital. As of May 2017 CEZ's market capitalisation was $9.2 billion.

Apart from the production and sale of electricity, CEZ Group also deals in telecommunications, informatics, nuclear research, planning, construction and maintenance of energy facilities, mining raw materials, and processing energy by-products.

The company has 26,300 employees.