Bloomberg News

CEZ to Invest 1.2 Million Lev to Repair Bulgarian Grid

November 05, 2012

(Corrects currency conversion in first paragraph.)

CEZ AS (CEZ), the largest Czech power producer, will invest 1.2 million lev ($787,600) this month to replace cables in western Bulgaria including the capital Sofia, the company said in an e-mailed statement today.

The Prague-based utility invested 1.7 billion lev in Bulgaria since 2005, when it bought the power distributors serving 2 million customers, it said.

To contact the reporter on this story: Elizabeth Konstantinova in Sofia at ekonstantino@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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