CEZ negotiates with Czech Coal, old contract runs out at the end of the year

CEZ said it continues to negotiate with Czech Coal on long-term prices of brown coal for its Pocerady power plant and hopes to reach an agreement by the end of the year when old contracts run out. Also CEO Daniel Benes of CEZ met yesterday with Pavel Tykac of Czech Coal. The utility is prepared to supply coal to Pocerady from its own mines further away if an agreement isn’t reached. Czech Coal, whose mine is right next to the Pocerady plant, is pushing for higher prices after the long-term supply contract runs out at the end of this year.