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.
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