Investor Presentaiton
THE ECONOMY OF COAL-FIRED POWER PLANTS IS
HIGHLY DEPENDENT ON THEIR EFFICIENCY AND
INTEGRATION WITH MINE
New power plant integrated with mine
Gross margin** [EUR/MWh]
54
-26
Old standalone power plant
Gross margin** [EUR/MWh]
-8
54
-30
38.5 %**
31.6 %*
**
-20
20
20
4
Power
CO2
Coal
GM
price
Power
price
CO2
Coal
GM
Apart from the above mentioned illustrative gross margin, it is also necessary to
cover other variable costs and fixed costs (wages, maintenance and other items
excluding depreciation) in the amount of 8-15 EUR / MWh depending on the type, age
and capacity of the plant.
Note: The gross margin also needs to cover investments, the amount of which depends on
technical condition and especially on changing regulation and legislation (e.g. emission limits)
7
Illustrative
Π
Standalone coal power
plants are still under
significant economic
pressure and are very
sensitive to requirements
set by the emission
reduction legislative
(BREF/BAT) and other
external factors.
The economy of power
plants integrated with
mine is more robust.
Note: *Gross margin excluding other variable costs; includes coal mining margin for integrated plants **Netto efficiency of electricity production
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