Fabien HILLAIRETEnvironmental Investments

CEZ, a. s.

Bucharest Renewable Energy

Conference 2009

CEZ overview of Environmental Investments

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Agenda

ÿ CEZ Group, a learder in energy generation in Europe

ÿ CEZ, plan to triple the annual renewable energy production

ÿ Zoom on the wind investments in Romania

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CEZ is the leading utility in Central and Southeastern Europewith strong growth dynamics over the past years

COMMENTS

• 7th European power utility by number ofcustomers and by market capitalization1)

• One of the most profitable utilities inEurope2)

• Strong dynamics in profit growth over thepast years

• 75% market share in the Czech Republic(power production)

• Company committed and recognized forits CSR3) program (CEZ foundation,Green Energy projects, etc.)

KEY MARKETS OF THE CEZ GROUP

1) As of February 24, 2009 2) EBITDA margin 48.0 (2008), 43.2 (2007) 3) Corporate Social Responsibility

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ENVIRONMENTAL INVESTMENTS: DEVELOPING“PHYSICAL“AND “FINANCIAL“PORTFOLIOS

Moving from being a purely „strategic“investor to a model with own development capacity, andsome PE/VC investing capability

ENVIRONMENTAL INVESTMENTS

RENEWABLE ENERGY “PHYSICAL”PORTFOLIO

CLEANTECH & CARBON “FINANCIAL”PORTFOLIO

PE/VCCLEANTECH

FUNDS

JI/CDMPROGRAM

ENERGYEFFICIENCY (EPC)

PROGRAM

ß At least 1000 MW to be contracted by2012 –acquistions and projectdevelopmentß At least €1bn to be invested by 2020 in

the Czech Rep. only (through CEZObnovitelne zdroje, s.r.o.)

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Beginning of a large investment plan in wind farm iscurrently focus outsite Czech Republic

724MW310 GWh65MW26-39MW16 MW32-48 MWUp to 66 MW0,01 MW

Hydro Power plantsBiomass cofired plantsSmall hydro plantsStribro Wind Park (expected contruction 2012)Resice Wind Park (expected contruction)WindfarmTavíkovice- ermákovice (2011)Wind farmDlouhé Pole (under development)Solar PV

CEZ Group in the Czech Republic

492 MW

238MW

Skawina, Southern PolandOver 84,6 GWh of "green" energyproduced in 2008

Elcho Power plant58,6 GWh of "green" energy produced in2009

CEZ Group in Poland(99.91% stake in Skawina, 89% in Elcho)

Fantanele and Cogealac are situated in theDobrogea province, north of Constanta, about 17kilometers from the Black Sea

600 MWFantanele & Cogealac projects

CEZ Group in Romania(focus on wind)

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ß Two wind farm projects in Dobrogea county, between villages of Fantanele and Cogealac (north ofConstanta, 17 km west of the Black Sea coast);ß Total projected size: 240 WTGs(1) of 2.5MW–installed capacity of 600MW;ß The project will be the largest onshore wind farm in Europe;ß Once wind farm are operational, CEZ will have 10 % share on the Romanian market with

renewable energy.

Wind park projects in Fantanele and Cogealac will be thelargest on-shore wind farm built in Europe

Basic information about CEZ wind farm projects

Both wind parks

ß 1st phase of the project –139 wind turbines;ß To be finished in 2010;ß CEZ has engaged CWP as a project

manager; CEZ project team performscontrolling and monitoring functions;ß Construction has started in October 2008.

Fantanele Projectß 2nd phase of the project –101 wind turbines;ß To be finished by the end of 2010/beginning

2011;

Note: (1) WTG –Wind Turbine GeneratorSource: CEZ

Cogealac Project

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Fantanele project is designed to provide 347.5 mw capacityof the ecological energy

Overview of the key technical parameters of Fantanele project

Technical parameter Description

Total generation capacity 347.5 MW

Wind turbine generatorscomposition

139 generators (generation capacity 2.5 MW each) –100m hub height,99m rotor diameter

Energy transformationGenerators are connected to four 33 kV/110kV substations, whichdeliver on 110kV level to the Main Transformer Station which connectsthe Fantanele wind farm on the 400kV grid line Constanta -Tulceaoperated by Transelectrica.

Selected technicalinformation on WindTurbine Generators(WTG)

Producer: General ElectricMaximum speed: 73.6 m/sBlades material: fiber glass –epoxy resin/polyesterCut-in wind speed: 3 m/sCut-out wind speed: 25 m/sRated power output: 2.5 MWTower: tubular steel, 100m

Source: CEZ; General Electric

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Pouring of blinding concrete Mounting of ring for foundation

Anchor ring for foundation

Pouring of blinding concrete Construction of adapter ring and steelinstallation

Pictures from the site

Source: CWP

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Pictures from the site

Placing of cable ducts into foundationPlacing of adaptor to foundation

Source: CWP

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Finalization of concrete foundation FE17 Laying of 110 kV cables

Pictures from the site

Source: CWP

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Foundation of FE substation

Start of the works for MTS roads

Pictures from the site

Foundation of FE substation

Source: CWP

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Pictures from the site

Installation of the transformer in thefoundation

Delivery of the 1st transformer for FEsubstation on site

Source: CWP

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Pictures from the site

Source: CWP

Delivery of GE “oversized components”(blades) First ship of GE in Midia Port

Thank you very much for your attention

Contact :

Fabien HillairetEnvironmental Investments

fabien.hillairet@cez.cz+420 724 804 146

mailto:fabien.hillairet@cez.cz