CEZ and Hungary´s (1 8000 HUF, -2,01%) have postponed plans to build a 800 MW steam-gas power plant in the Slovnaft refinery in the Slovak capital Bratislava, Anton Molnar, spokesman for Slovnaft which is part of the Hungarian oil and gas group, told yesterday. The plans have been put off due to relatively high prices of natural gas, Molnar said, adding that prices of electricity are low at the moment. The capacity of the transmission network in Slovakia and Hungary is another problem.
/Logical step in the current environment in european energy business according to us. Should be NEUTRAL for trading with CEZ shares./