CEZ plans to spend CZK 19bn on modernization of nuclear power station Dukovany

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Investiční bankovnictví KB

      CEZ plans to invest CZK 19bn in modernization of nuclear power station Dukovany. First phase of modernization should cost CZK 14bn and the remaining CZK 5bn should be spent until 2011.

       CEZ has indicated earlier that it plans to modernize Dukovany. Investment program of CEZ was reduced on modernization and reconstruction after completion of nuclear power station Temelin with estimated annual CAPEX CZK 7bn. Significant decline of investment activity will result in generation of strong cash flow, which will enable the company to keep attractive dividend policy.

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