CEZ has signed coal supply contracts for 2004 with three major domestic coal suppliers at conditions almost identical to last year, i.e. a total volume of 25m metric tons (plus a 3m-ton option) and approx. The same prices, the local HN daily reports. While we expected a similar purchased volume, we assumed slightly higher prices.
Separately, a new CEO should be selected by the end of February, a month earlier than was previously expected, the Euro weekly reports today.
Jan Hájek