Grid operator ČEPS reported pretax profit of CZK 948m for Q1 2017, up CZK 235m y/y. Electricity transmission totalled 16,933 GWh. Two PST transformers, regulating energy flows from East Germany, brought savings totalling tens of millions of korunas. ČEPS plans to launch the remaining two PST transformers before the end of June 2017. As ČIANEWS has previously informed, the building project’s total investment costs will not exceed CZK 2bn. The company is also finalizing the construction of a new 420 kV substation in Vernéřov, based on an application from energy distribution company ČEZ Distribuce.
