Our Company

We Rely on Environmentally Friendly Energy

nase-spolecnost

Who We Are

ENERGO–PRO was founded in 1994 and has specialised in energy generation, distribution and sales for the past 30 years. Today, we are the largest Czech investor in the hydropower sector, owning and operating 45 hydropower plants in 4 countries. From the Czech Republic we have expanded over time into Bulgaria, Georgia, Türkyie and Spain. Our expansion now continues in Latin America – including in Colombia and Brazil. The second pillar of our activities is the distribution and sale of electricity. In Bulgaria and Georgia, we distribute energy to more than 2.6 million customers. We are now the largest electricity distribution company in Georgia and the largest private hydropower producer in Bulgaria. We also engage in electricity trading.

Management of ENERGO–PRO

Board of Directors

  • Jaromír Tesař - Chairman of the Board of Directors
  • Petr Milev - Member of the Board of Directors
  • Vlastimil Ouřada - Member of the Board of Directors
  • Jakub Fajfr - Member of the Board of Directors

Supervisory Board

  • Christian Blatchford
  • Petr Tesař

Historical Milestones

Over the past 30 years, we have built a carefully selected portfolio of quality assets that generate stable cash flows and require minimal capital expenditure.

Here are the most important milestones in the development of our company and its subsidiaries:

Timeline
1994
  • ENERGO–PRO established in Svitavy (Czechia)
2000
  • Start of foreign expansion in Bulgaria
2002 - 2004
  • Privatization of 8 HPPs (102 MW) in Bulgaria
2006
  • Start of operations in Türkiye and Georgia
2007
  • Privatisation of 2 electricity distribution businesses and 7 HPPs (361 MW) in Georgia
2007 - 2009
  • Add-on acquisition of 8 HPPs in Georgia
2010
  • Purchase of 5 HPPs (93 MW) in Türkiye and purchase of TPP Gardabani (110 MW) in Georgia
2012
  • Acquisition of E.ON’s electricity distribution business in Bulgaria
2013
  • Acquisition of 6 HPPs (64 MW) in Bulgaria
2016
  • Mr. Jaromír Tesař became 100% owner of ENERGO - PRO a.s.
2017
  • Acquisition of assets of Kakheti DSO in Georgia, and placement of EUR 370 million debut Eurobond
2018
  • Placement of EUR 250 million Eurobond
2020
  • Start of operations in Colombia
2022
  • Successful refinancing of EUR 370 million Eurobond and first issuance of USD bonds (USD 435 million)
2023
  • Placement of EUR 300 million Eurobond issue guaranteed by the United States International Development Finance Corporation with proceeds used to repay the EUR 250 million Eurobond
2023
  • Establishment of a branch in Brazil
2023
  • Acquisition of 10 HPPs (167 MW) in Galicia, Spain, together with two ferroalloy plants, and placement of USD 300 million Eurobond
2024
  • Acquisition of the Alpaslan II HPP with dam on the Murat River in Türkiye (280 MW) from the parent company DK Holding Investments, s.r.o.