Petr Dokladal

Karel Kral is the new CEO of power distributor CEZ Bulgaria EAD.

As of October 1, 2015, Kral takes over for Petr Dokladal, who headed the company over the past 5 years, according to a media statement of the power distributor.

Dokladal becomes Regional Manager at CEZ Turkey.

The power distribution and power supply companies of CEZ in Bulgaria, CEZ Razpredelenie Bulgaria AD and CEZ Electro Bulgaria AD, have reported a joint loss of BGN 6.5 M for the first nine months of 2014, according to a media statement of CEZ Bulgaria.

The Bulgarian Energy Holding (BEH) and power distributor CEZ have signed a memorandum of cooperation on searching technical and economic solutions to extend the life of the Varna Thermal Power Plant.

A working group has been formed for the purpose and it is to function by October 31.

Power distributor CEZ Bulgaria EAD has reported a negative financial result of nearly BGN 11.6 M in the first half of 2014.

CEZ Electro Bulgaria AD reported a loss of nearly BGN 6.6 M, while CEZ Distribution AD registered a loss of around BGN 5 M in H1, 2014, according to a media statement of the company.

The audit being conducted by Bulgaria's energy watchdog DKEVR at Czech-based power distributor CEZ has found no lapses so far, the company announced on Tuesday.

According to results of the financial inspection, no violation of license duties has been committed by the power distributor, Dnevnik.bg has reported.

Power distributor CEZ has proposed a settlement to the Bulgarian National Electricity Company (NEK), officials from the state-owned utility announced Monday. On Tuesday CEZ sent a letter to NEK saying it was ready to engage in a dialogue over its debts to NEK.

Czech utility CEZ, which supplies power to over 2 million households and companies in western Bulgaria, denies the allegations that it has excess profits and exports them abroad.