Grid modernisation and profit increase in Czechia

23.04.2018

High revenues from cross-border capacity auctions and system services, sustainable business practices, and well-considered investments in the Czech transmission system belong to the mainstays of a very succesful business year 2017 for TSCNET shareholder ČEPS, the Czech transmission system operator (TSO). The profit of CZK2.897bn (about €114m) before tax represents an increase of CZK824.6m (about €32.5m) in comparison to 2016. As in previous years, ČEPS continued to diligently maintain and expand the national grid in 2017 and spent more than CZK3.5bn (about €138m) on the transmission infrastructure. At the same time, ČEPS transferred a total of 63,372GWh of electricity through the Czech transmission system, which reached a peak load of 11.769MW on 24 January.

The most important milestone in grid modernisation was the installation of four new phase-shifting transformers (PSTs) in the northern Bohemian substation in Hradec u Kadaně, which have been in full operation since September 2017. Jan Kalina, Chairman of the ČEPS Board of Directors, comments on the state-of-the-art PSTs: “These special transformers allow transferring maximum amounts of electricity without threatening the reliability of supplies in the Czech Republic and as such they significantly protect the Czech electricity system against dangerous electricity flows from abroad.” Other major projects completed in 2017 include the reconstruction of the Čechy Střed transformer station in the Central Bohemian Region and the construction of a new 400/110kV transformer station at Vernéřov in the region of Ústí nad Labem.

> See ČEPS press release (html)

Picture: Screenshot taken from video “PST transformátory v rozvodně Hradec u Kadaně z pohledu dronů” (ČEPS, YouTube)