Rolls-Royce SMR Limited (Rolls-Royce SMR) and CEZ Group (CEZ) have today announced that they will join forces to bring their global capabilities and know-how to the deployment of Rolls-Royce SMR’s small modular reactor (SMR) technology. This is enabled by an equity investment by CEZ into Rolls-Royce SMR and a strategic partnership to deploy up to 3GW of electricity in the Czech Republic using Rolls-Royce SMR power plants.

CEZ Group has completed the acquisition of a 55.21% stake in the GasNet Group, the largest gas distribution infrastructure operator in the Czech Republic. Natural gas, and later also hydrogen, will play a key role in the future development of the country’s economy. With this acquisition, CEZ Group supports the transformation of the heat generation industry and its transition from coal to natural gas and hydrogen. The stake sold was previously managed by Macquarie Asset Management, acting on behalf of the funds it manages. The transaction has already been approved by the Czech Ministry of Industry and Trade and the European Commission.

The Board of Directors of ČEZ, a. s., a joint-stock company with its registered office at Duhová 2/1444, 140 53 Prague 4, Company Reg. No.: 45274649, registered in the Commercial Register kept by the Municipal Court in Prague, Section B, File 1581, hereby convenes an Annual General Meeting, which will be held at the Prague Congress Center, 5. května 65, Prague 4, on June 24, 2024, from 9:00 a.m.

Elektrárna Dukovany II (EDU II), a wholly-owned subsidiary of ČEZ, has received supplementary bids for the construction of a new nuclear source in Dukovany. The bidders have submitted updated bids for the fifth unit of Dukovany and now also binding options for additional three units. French-based EdF and KHNP of South Korea had time until 9:00 AM today to submit their bids. EDU II will now assess the bids from financial, business and technical points of view. The evaluation model is based on recommendations of the International Atomic Energy Agency (IAEA).