ČEZ

Electricity production is undergoing a revolutionary turning point, describes the Balance program. It will be reflected in the price – ČT24 – Czech Television

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Electricity from newly built renewables is now cheaper than in cases where investors build new conventional sources – gas, coal or nuclear. The breakthrough in energy has already manifested itself, for example, in Germany, which has announced a retreat first from nuclear and then coal-fired power generation, and must therefore invest heavily in new sources. … Read more

Thirty years since coupon privatization. It brought an efficient market, but also the concept of tunneling – ČT24 – Czech Television

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The economist Dušan Tříska, who was one of the creators of the coupon privatization, evaluates the change positively after three decades. He values ​​democracy, capitalism and relative prosperity. He sees the problem in the fact that the Czechia is a country of assembly plants held by foreign investors. “It was no different than that foreign … Read more

Babiš will discuss the gigafactory with the head of Volkswagen only after the elections

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“I have a meeting with him (Diess) on October 1st, when he will come here. We are lobbying for a gigafactory for the production of electrical batteries to be established in Prunéřov, “Babiš told journalists in Ústí nad Labem, where at the beginning of September his YES movement presented an election program. In it, as … Read more

Škoda Auto will pay billions for the move from coal to biomass

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Ško-Energo, which supplies energy to the Mladá Boleslav carmaker, is now waiting for the project to be approved by its partners. In addition to Škoda Auto, among them are the Volkswagen Group or the energy companies E.ON and ČEZ Esco. “For the final decision, we need to have a completed economic balance sheet, which will … Read more

Shares on the Prague Stock Exchange are quite cheap. Where will their price go?

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The ratio of the price of a title or index to the expected gains (P / E) at the one-year horizon speaks, among other things, about the expensive shares. In the case of the broad US index S&P 500, this number has long been moved between 13 and 15, but currently well above 20, even … Read more

CEZ’s profit fell by 89 percent in the first half of the year. The group is planning an earlier end of mining in Severočeské doly – ČT24 – Czech Television

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With the increase in the European Union’s climate goals, the Czech Coal Commission recommended ending coal combustion by 2038. “For these reasons, the market value of Severočeské doly decreased and CEZ Group created a provision for long-term assets of the mining company of CZK 8.7 billion in accordance reflecting the lower expected demand for coal … Read more

Modular reactors will definitely come, the Czechia must prepare for them

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In order for the Czechia not to have to import large quantities of electricity from abroad in the coming decades, it will have to unconditionally partially replace coal with gas or large nuclear power units. However, once modular reactors are on the market, analysts say they will be a more suitable alternative. Gas has the … Read more

By electric car across the Czech Republic: The journey from Prague to Ostrava takes at least five hours

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Traveling by electric car can be fun and pleasant in connection with its driving characteristics, but it may no longer be comfortable in a situation where the passenger is limited by time. In order for electric car owners to enjoy a really comfortable journey, a reliable charging network is needed. However, it is still being … Read more

Lithium is an opportunity, the Czechia does not have to stay with the assembly, believes Špicar from the Confederation of Industry and Transport – ČT24 – Czech Television

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The memorandum between the Ministry of Industry and Trade and ČEZ on support for a factory for batteries for electric vehicles was approved by the government on Monday. The expected investment in the first phase is over fifty billion crowns. According to the ministry, several investors showed interest, including the German Volkswagen and the Korean … Read more

The head of Volkswagen will come to negotiate a gigafactory

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The Ministry of Industry and Trade, Škoda Auto trade union leader Jaroslav Povšík and a representative of ČEZ, who did not wish to be named, confirmed the E15 daily discussion on the specific date of the visit of Volkswagen’s Chairman of the Board concerning the construction of the gigafactory. Diess’s arrival is expected in the … Read more