In the first three months of 2011, the group’s EBITDA in Romania was CZK600 million.
The good result in the first quarter was fueled by higher wind production, revenues from green certificates and increased revenue from one of the company’s major customers, Romanian rail company CFR SA.
CEZ posted revenues from green certificates of CZK500 million in the first three months, while payments from CFR stood at CZK300 million.
The Czech group’s wind farms in Fantanele and Cogealac localities, southeastern Romania produced 283 GWh of electricity in January through March, up 42% on the year, CEZ said. The wind farms have 155 wind turbines with a total capacity of 388 MW.
For the whole of 2012, CEZ estimates a total wind production in Romania of over 1,000 GWh.
Group-wide, CEZ reported EBITDA of CZK14.4 billion in the first three months, down 16% on the year.