Press releases pg. 9
The Czech Power Company selected co-lead managers for the upcoming domestic bond issue
CEZ, a. s. selected Ceska spořitelna (the Czech Savings Bank) and Komerčni banka (the Commercial Bank) as co-lead managers for the upcoming domestic bond issue.
4. 7. 2007
Ivan Lapin new section director of CEZ
Ivan Lapin became the new director of the Sprava CEZ (Administration) section starting from July 1, 2007. So far, he has worked for CEZ Group as director of CEZ Sprava majetku, s.r.o. (Assets Administration). In the position of the head of the Sprava section he replaced Daniel Benes, who became Chief Officer of CEZ.
2. 7. 2007
CEZ is ready for exchange start up in its role of market maker
On June 29, CEZ and Komercni banka signed an agreement about providing settlement of liabilities arising from dealings on the Prague Energy Exchange.
2. 7. 2007
CEZ is going to enforce long-term supply contract with Mostecka Uhelna through court
CEZ Group realizes the impending electrical energy shortage in the Czech Republic and is therefore preparing renewal of its coal-fired power plants. Each reconstructed or new plant must have ensured coal reserves. For that reason CEZ concluded an agreement with Mostecka uhelna, member Czech coal Group, for future coal supply contract covering coal supplies until 2055 already in 2005. After a new owner came, however, Czech Coal Group started to impede implementation of this contract.