CEZ has won a tender for an electricity supplier, advertised by OKD

CEZ Power Company and the OKD mining company signed a contract covering the supply of electricity for the next year. OKD thus became the largest end customer of CEZ that will be supplied within the Rainbow Electricity scheme, supposing we do not count the distribution companies. The contracted volume of electricity is almost 1 TWh. OKD has thus become the largest enterprise to change its supplier since the opening of the electricity market.

I am glad that we have succeeded in the tender. I hope that this step will further deepen our long-term partnership, said Mr Pavel Hejkal, the CEZ Commercial Executive Director, in connection with this issue.

The OKD company is, according to statistics, the third largest electricity consumer in the Czech Republic, after the Czech Railways and Chemopetrol. On the other hand, OKD is also the most significant supplier of bituminous coal to CEZ, especially to the Detmarovice Power Plant in North Moravia.

CEZ, a. s., is a Czech power company. It accounts for more than three quarters of the overall electricity output produced in the Czech Republic. It is currently operating 2 nuclear power plants, 10 coal-fired power plants and 13 hydropower plants, 2 heating plants, 3 wind power plants and 1 photovoltaic power plant. One nuclear power plant Temelin is under construction. CEZ Power Plant is one of the largest enterprises in the Czech Republic in terms of basic assets (59,209 million CZK as of December 31, 2001), turnover and net profit. Its exceptional standing has been documented by the BBB+ rating the company was awarded by Standard and Poor´s agency and the Baa1 it received from Moody´s. Its 7,376 employees and 10,146 MW of installed capacity make CEZ a medium-sized power company in global terms.

OKD, a.s., a member of the KARBON INVEST, a.s. Concern is the largest Czech mining company, specialising in the extraction of bituminous coal, the production of coke and other interconnected activities that take place mostly in the Ostrava and Karvina regions. The company has had a long history, as mining in the Ostrava regions started more than 200 years ago. OKD, a.s. Company, member of the KARBON INVEST, a.s. Concern, currently ranks among the largest and most significant Czech companies. Its annual production of approx. 13.000.000 tons of coal accounts for about 20% of the overall domestic consumption of primary sources of energy.

Ladislav Kriz, CEZ Press Officer.

19. 12. 2002