Orano signs a contract with the Czech electric utility ČEZ for the supply of uranium enrichment services pg. 186

The irregular general meeting of the power-generation company CEZ which was held today reconfirmed all items of agendas which had already been approved by CEZ irregular and regular general meetings held last year. By that, the legal uncertainty has been removed on the parts of the company, its shareholders, as well as any third persons, which uncertainty was caused by the complaint lodged by a minority shareholder who had questioned the validity of the irregular general meeting of 5th January 1999 and, consequently, also the validity of resolutions adopted by the general meeting of 22nd June 1999.

Our power-generation company CEZ and Dalkia Co. (part of the supranational concern Vivendi) have established a joint-venture called JVCD, the objects of which include complex economic and environment-friendly optimization of heat and electricity generation in the north of Moravia. Dalkia has 51 % and CEZ 49 % in the registered capital of the new company, revenues will be divided in the ratio 60 % for CEZ and 40 % for Dalkia.