In 2019, the Czech transmission system operator (TSO) ČEPS continues its extensive infrastructure investment programme to ensure that the development of the Czech transmission system meets the increasing demands of the rapidly changing energy sector. The profits now presented in the company’s half-year report facilitate these efforts considerably.
The TSCNET shareholder concluded the first half of 2019 with a pre-tax profit of CZK 2.3bn (about €88.84m) and a total revenue of CZK 11,903bn (about €460m), an increase of CZK 1,54bn in comparison to the same period in 2018. “Cross-border auctions account for 38% of revenues,” explains Martin Durčák, Chairman of the Board of Directors of ČEPS. As far as the TSO core business is concerned, a total of 32,760GWh was transferred in the first half of 2019.
An important infrastructure project completed in July 2019 is the connection of the Řeporyje-Prosenice line to the Mírovka substation. The branching of this almost 300km long line, which connects the periphery of Prague with the Olomouc region in the east of the country, will increase the safety and reliability of the Czech transmission grid. Other significant investment measures already implemented this year include the construction of the new Přeštice-Vítkov line linking the Plzeň to the Moravian-Silesian Region. In Vítkov, a new 420kV substation with a gas-insulated switchgear was installed to complement the new line construction.