CEZ shareholders voted on the new strategy at the annual general meeting held on June 26.
In Romania, CEZ is one of the largest players on the electricity distribution and supply market, with a portfolio of 1.4 million consumers, mostly household consumers.
CEZ operates in Romania through several companies. Electricity supplier CEZ Vanzare and electricity distributor CEZ Distributie remain CEZ’s largest firms active on the local market. Beside the two firms, CEZ also owns companies operating in the field of wind and hydro power.
CEZ Group has been operating in Romania since 2005, when it took over electricity distributor Electrica Oltenia.
CEZ also owns in Romania the largest on-shore wind farm in Europe, in Dobrogea area, in Fantanele, Cogealac and Gradina, an investment of EUR1.1 billion.