Coal Energy, a company exporting electricity produced in CEZ coal-power plants, said it expects to sell 5 TWh of power to Southern and Eastern Europe in 2003. This represents approx. 41% of expected CEZ 2002 exports. Positive, though CEZ stock is unlikely to react.
The activation of the second reactor at the Temelin nuclear power plant remains on standby, after being halted on Friday due to technical issues. Not significant for CEZ stock, we believe.
Jiri Soustruznik