CEZ warned it could cut electricity production and exports

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Investiční bankovnictví KB

      CEZ warned that if the current proposal of CO2 emissions permission is approved, it would probably cut production in coal power stations in order to avoid additional costs of around EUR 20m (CZK 627m) to purchase additional permissions. The cut of production would result in lower coal purchases and decline in exports. The CO2 emissions permissions still have to be approved by the government.

       Although the company’s announcement sends negative signals for the share price, we do not expect major reaction, as the proposal has to be approved by the government. Moreover, we understand the company’s announcement as an effort to receive more CO2 emission permissions.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.