CEZ Distribution Bulgaria signed electricity meters purchase contract worth 19.9 million euros

, SEE Energy News

Engineering was the sole bidder at the tender launched by the Bulgarian subsidiary of Czech energy company CEZ. Engineering is a wholly-owned subsidiary of Bulgarian cable manufacturer Filkab, which is one of CEZ Distribution Bulgaria’s main electricity cable suppliers. Electricity distributor 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.
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. CEZ Distribution Bulgaria distributed a total of 10,246,392 MWh of electricity in 2019.