In the next two years, MVV Energie CZ will invest roughly CZK 0.5bn in the modernisation and eco-friendliness of its sources, networks and production facilities. Among other things, it will start converting the main steam pipeline branch into a heat pipeline in Liberec in 2017. For ČIANEWS, this information was provided by board member Libor Žížala, adding that a slight year-on-year decrease in financial results was expected for 2016 due to lower prices on the electricity market, recurring mild winter, and preparation for investments in eco-friendliness and modernisation in some of the group companies. The MVV Energie CZ Group consists of 15 companies with a stable number of almost 500 employees.
