The increase was mainly supported by wind power production and the recovery of debts from state-run railway company CFR, the Czech utility said in a report Thursday.
CEZ Romania’s EBITDA from energy distribution and sale stood at CZK2.2 billion (EUR87.5 million) in the first nine months, up 85% from CZK1.2 billion in the same period a year ago.
On the energy production and trading segment, CEZ reported EBITDA of CZK1.7 billion in Romania, from CZK700 million in January-September 2011.
The production of energy in Romania increased in the analyzed interval, supported by the high number of wind turbines in the Fantanele and Cogealac wind farms.
CEZ has 234 turbines in the two wind farms, with an installed capacity of 585 MW. In June, the company had 176 wind turbines connected to the grid, with a capacity of 440 MW.
The wind power production of CEZ Romania increased 45% in the first nine months to 656 GWh. For the entire year, CEZ estimates production at 990 GWh.
The company’s overall energy production in Romania amounted to 687 GWH in January-September.
CEZ distributed electricity of 5,211 GWh in Romania in the first nine months, down 4% on the year.
The Czech group’s EBITDA increased 4% in the analyzed interval to CZK 64.7 billion (EUR2.5 billion), and its net profit climbed 27% to CZK33.4 billion (EUR1.3 billion). CEZ revenues were up 8% to CZK162.5 billion (EUR6.4 billion).
CEZ entered the Romanian market in 2005 by taking over a distribution and supply company in south-east Romania from the state and afterwards invested in energy production in wind farms and micro hydropower plants.