CEZ finalized general maintenance of 5th block with 200MW in TPP Pocerady, with total cost of CZK 350m. It will secure operation for another 10 years. Three blocks underwent general maintenance during 2000–2003; with one more block still waiting.
Our view:
We see the news as neutral as the maintenance has been expected and is in line with CEZ statement earlier this year to invest over CZK 100bn into coal power-plant over next 15 years. The exact amount depends on breaking coal-mining limits.