A short company profile of CEZ Razpredelenie Bulgaria AD
CEZ Distribution Bulgaria AD is a joint-stock company, 67% of which are owned by CEZ, a.s., Czech Republic, and 33% by other minority shareholders - legal entities and individuals. The corporate headquarters are in Sofia, 159 Tsarigradsko shosse blvd. CEZ Distribution Bulgaria AD has over a century of experience in the field of electricity supply and distribution.In 2005 CEZ a.s. acquired three power distribution companies in Western Bulgaria - Electricity Distribution Stolichno AD, Electricity Distribution Sofia Oblast AD and Electricity Distribution Pleven AD. In November 2007 with a decision of Sofia City Court CEZ merged the three companies. The restructuring was aimed at optimizing the activity of the company, improving its management and thus achieving higher efficiency. This was planned to result in higher quality of customer service in all West Bulgaria and in the introduction of consistent policy for the electricity network maintenance and development.
On January 29, 2008, with a decision of Sofia City Court, the company was renamed to CEZ Distribution Bulgaria AD.
The company has been granted a license, issued by the State Energy and Water Regulatory Commission (SEWRC) for a period of 30 years. Until 2007 the company also had another license – for public electricity supply. As of January 03, 2007 pursuant to the specified in the Energy Act, the activities related to electricity distribution and operation of the distribution networks and the activities related to electricity supply and other EDC activities were legally and organizationally unbundled. The electricity supply was transferred to a newly-established company CEZ Electro Bulgaria AD.
The company operates in West Bulgaria and covers an area of 40 000 sq km. The area operated by CEZ Distribution Bulgaria has 2 930 000 residents.
Scope of activity:
- Operation and management of the electricity distribution network, consisting of MV, LV and HV electricity power lines and electricity systems, which is used for transmission and distribution of electric power in order to supply electricity to supplier companies;
- Electricity distribution on the territory of the districts Sofia-city, Sofia, Blagoevgrad, Kyustendil, Pernik, Pleven, Lovech, Vratsa, Montana, Vidin.
- Construction of new electricity distribution and metering systems and maintenance of the operated facilities and equipment.
The company executes its activity in line with the energy legislation and the related legal provisions.