CEZ Company gave an official answer to the Energy Regulation Entity by
saying that they cannot fulfil the conditions set by the ERE in order to
keep the licence.
Confidential sources from ERE declared for Top Channel that CEZ cannot make imports due to the difficult financial situation that according to them was caused by the penalizations from the Albanian authorities.
CEZ declared in the letter sent to ERE that the non-favourable environment in Albania and the bad government decisions have plunged the company in a financial crisis that doesn’t allow them to fulfil the obligations.
CEZ denies the accusations and declares that the energy cuts were due to the bad weather, storms and illegal interventions in the network by unauthorized persons.
CEZ reminded the massive fines and claims that the court verdicts have always been against them, bringing the company to a financial collapse.
After this answer, ERE will review the claims and within this week will decide for the licence. ERE claims that the arguments given by CEZ don’t stand, but they will undergo a detailed review anyway.
Chances are that ERE will revoke the licence, but this procedure would take another month. On January 20th the distribution monopoly might return to the government after a three-year failed experiment with the privatization.
CEZ: Interruptions are not intentional
One day after being accused by the Ministry of Economy for intentional power limitations, the CEZ Company denied the accusations and declared that the power cuts were due to the bad weather, the storms and illegal interventions in the network by unauthorized people.
CEZ says that they have mobilized more than 800 employees during the weekend to quickly resolve any defect. According to CEZ, another cause was the increased consumption that damages their equipments. The Czech Company says that they have had delays in replacing these equipments, due to the financial difficulty.
CEZ says that ERE has blocked all their bank accounts until they will pay the 430 million ALL fine. CEZ says that all institutions have been informed about this problem, including the Ministry of Economy.
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