CEZ May Add 2,000 Megawatts of Green Energy in Romania, ZF Says

CEZ AS (CEZ), the biggest Czech energy producer, plans to add as much as 2,000 megawatts of renewable energy in Romania as part of a plan to boost green capacity by 3,000 megawatts, Ziarul Financiar reported, citing Jan Veskrna, the chief executive officer of the company’s Romanian unit.

The Czech utility may invest 3 billion euros ($4 billion) in renewable energy by 2013, about half of that in Romania, where some new projects may be bought from developers, according to the Bucharest-based newspaper. CEZ also plans to buy small hydro-power plants in Romania, ZF said.

CEZ has about 600 megawatts of wind power under development in the Dobrogea region of southern Romania.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

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

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