Nature and Purpose of the Business

General Information on the Company and its Core Business Activities
Západoslovenská energetika, a.s. (“the Company” or “ZSE”), corporate ID (IČO): 35 823 551, registered office at Čulenova 6, 816 47 Bratislava, was established on October 15, 2001 and incorporated in the Commercial Register of the District Court Bratislava I, Section Sa, Insert No. 2852/B, on November 1, 2001.

The Company is one of the legal successors of the state-owned company, Západoslovenské energetické závody, š.p. In accordance with decision No. 96/2001 of the Slovak Ministry of Economy, this state-owned company was wound up without liquidation on October 31, 2001. On the next day, its assets and liabilities were transferred to the Slovak National Property Fund (FNM) in accordance with the privatization project. On November 1, 2001, FNM contributed these assets and liabilities to the following joint-stock companies: Západoslovenská energetika, a.s., Bratislavská teplárenská, a.s., and Trnavská teplárenská, a.s.

Based on the General Assembly’s resolution of June 27, 2003, the Company sold parts of the business, consisting of the divisions Network Building, Information Technologies, and The Centre for Repairing Transformers and Calibrating Electrometers, on July 1, 2003.

Core business activities according to the extract from the Commercial Register
  • The purchase of electricity
  • The transport of electricity
  • The distribution of electricity
  • Engineering activities in the maintenance, service, and operation of electrical distribution networks and transformer stations
  • The provision of services related to the operation and maintenance of electrical stations and electrical lines of 22 kV
  • The assembly, repair, and maintenance of special electric equipment
    (both below and above 1,000 V)
  • The installation of measuring sets and their replacement
  • The assembly, maintenance and repair, technical inspection, and testing of electrical equipment
  • The assembly, maintenance, and repair of telecommunications equipment
  • The purchase of goods for resale to end users (retail)
  • The purchase of goods for resale to other trade licence holders (wholesale)
  • Mediation activities under a free trade licence
  • Consulting and advisory activities in the electrical energy sector
  • Technical inspections and tests of gas equipment
  • Technical inspections and tests of pressure equipment
  • Technical inspections and tests of lifting equipment
  • Consultancy, education, and training in work safety
  • Work safety technician
  • Fire protection technician
  • The lease of machines, devices, equipment, and mechanisms
  • The repair of work machines, road motor vehicles, and bodyworks
  • The acquisition of services related to administering real estate
  • Accommodation services, including catering activities in these facilities
  • Running facilities for human regeneration and reconditioning
  • Domestic, irregular bus transport
  • Domestic, road freight transport
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