The statement from the company said that it directly approached the two companies with the contract offer after the tender for a similar contract attracted no valid offers. Electricity distributor CEZ Distribution Bulgaria said that it has signed a framework agreement for the purchase of electricity meters worth around 2.6 million euros with local companies Engineering and Intercomplex.
In early March, CEZ Distribution Bulgaria said that it has signed a contract for the purchase of electricity meters worth around 19.9 million euros with local company Engineering, which was the sole bidder at the tender launched by the company. Engineering is a wholly-owned subsidiary of Bulgarian cable manufacturer Filkab, which is one of CEZ Distribution Bulgaria’s main electricity cable suppliers. CEZ Distribution Bulgaria recorded non-consolidated net profit in the amount of 9.56 million euros in 2019, compared to 1.95 million euros recorded in the previous year. The company’s operating revenues rose to 185.3 million euros in 2019 from 180.4 million euros in 2018. Operating expenditures dropped to 174.6 million euros from last year’s 177.6 million euros.