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CEZ to Invest 1.2 Million Lev to Repair Bulgarian Grid

(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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