December 02, 2008

CEZ to invest more than CZK 5.5 billion on renewable sources by 2012

Thomson Financial reported that Czech power group CEZ is planning to invest more than CZK 5.5 billion in power production from renewable sources, with the majority of it going into wind farms.

As per report CEZ plans to construct wind farms with a total combined installed capacity of 100 MW by 2012 and to have biomass and bio gas projects with a total combined output of 20 MW.

CEZ said it will spend CZK 4 billion on the development of wind farms, and CZK 1.2 billion should be spent on bio-gas and biomass projects while CZK 350 million will be used to enhance output from small hydroelectric plants.