Derisked to production?26 Dec 2020 09:54
JUNE 2020 / 4
CEZ GROUP – STRONG INDUSTRIAL PARTNER
• Headquartered in Prague; operates in 9 European jurisdictions:
• Czech Republic, Slovakia, Germany, Poland, Hungary, Bulgaria, Romania, Turkey, France
• Nuclear, renewables and coal-fired power plants
• Electricity supply; electricity and natural gas trading; coal and limestone mining
• CEZ is 70% Czech State-owned
• Czech Government backing to progress Cinovec as rapidly as possible
• Strong balance sheet and financial results provide backing to finance Cinovec
• CEZ Balance Sheet €28bn as at 31 December 2019 and EBITDA of €2.4bn in 2019
• CEZ has acquired 51% of Geomet – Cinovec project company
• Injected €29m into Geomet – Cinovec financed through to construction decision
• Investment enables immediate commencement of DFS and Front-End Engineering Design programme
• CEZ and EMH contribute to Board and Executive Management of Geomet
• Business plan and budget pre-agreed by partners
• Geomet holds 100% of Cinovec Project (51% CEZ and 49% EMH)
CEZ GROUP – GREEN ENERGY
CEZ committed to Green Energy solutions
• EV charging stations
- Operates largest number of public charging stations in Czech Republic (>190 and increasing)
- Dedicated home charging stations
- Partnerships with Skoda, Mercedes-Benz, Peugeot
• Renewable Energy
- Interests in wind farms in Czech Republic, Germany and Turkey
- Interest in largest on shore wind farm in Europe (Romania) – 240 turbines; 600 MW
• Lithium ion battery factory
- CEZ plans to build a lithium ion battery factory in collaboration with existing global battery
manufacturers in Czech Republic
Does anyone see EMH having any issues at all securing the $450m + ?
Between CEZ ( a power company, building battery factories, 70% owned by the country's government with already existing contracts with automobile majors ), the 500bn EU green budget, and the giant amount of demand all around the EU from newly/currently being built giga factories, battery manufacturers, EV damand, and wind turbines, surely well have no issue securing the funding in the anytime from Q2 going forward?
EMH will continue bottom left to top right for the coming years
As well and ZNWD - half the size of Cinovec and located in Germany