CEZ Plans $502 Million Investment in Romania Energy This Year

CEZ AS (CEZ), the biggest power utility in the Czech Republic, plans to invest about 400 million euros ($502 million) in Romania this year, said Adrian Borotea, the corporate affairs manager at CEZ Romania, at a conference in Bucharest today.

The utility will focus on new power projects. It plans to complete a 600-megawatt wind park in Dobrogea, southern Romania, by the end of this year after investing more than 1.1 billion euros, Borotea said.

CEZ said in April it is in advanced talks to buy wind power projects in Germany, Poland and Romania, where its egotiating to purchase micro hydro-power plants to increase output from renewable sources.

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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