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ČEZ, a.s.: ČEZ Continues to Negotiate with Bidders in Its Project to Complete Units 3 and 4 of the Temelín NPP (2013-07-02)

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RB 33:ČEZ Continues to Negotiate with Bidders in Its Project to Complete Units 3 and 4 of the Temelín NPP

Firma: CEZ, a.s.
Spis treści:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

KOMISJA NADZORU FINANSOWEGO









Raport bieżący nr 33 / 2013





Data sporządzenia: 2013-07-02
Skrócona nazwa emitenta
CEZ, a.s.
Temat
ČEZ Continues to Negotiate with Bidders in Its Project to Complete Units 3 and 4 of the Temelín NPP
Podstawa prawna
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieżące i okresowe
Treść raportu:
ČEZ continues to negotiate intensively with bidders in its tender to complete Units 3 and 4. The negotiations started in early April 2013; however, numerous issues remain open. It is necessary to find an agreement on such a wording of contracts and all of the related documents so that the contract – the biggest ever awarded in the Czech Republic – covers all risks and is acceptable for the investor. No more details may be disclosed in view of the ongoing tender procedure.

Due to the scope of the documentation discussed, the number of changes to be incorporated therein, and the complexity and interdependencies of the related issues, ČEZ foresees that, apart from the negotiations scheduled for late July, detailed negotiations will continue in September and October 2013. “The overall duration of our negotiations with the bidders will depend on how fast the standpoints of the bidders will come close to ČEZ’ requirements," says Ladislav Kříž, ČEZ Spokesman, when describing the next steps in the negotiation phase.

In order for ČEZ to conclude the negotiations and to make a final decision on the investment, it will be crucial whether the negotiated conditions and the overall framework represented by the National Energy Strategy and the related legislation of the Czech Republic will guarantee a return on the investment in building the two new power plant units.

MESSAGE (ENGLISH VERSION)






ČEZ Continues to Negotiate with Bidders in Its Project to Complete Units
3 and 4 of the Temelín NPP


ČEZ continues to negotiate intensively with bidders in its tender to
complete Units 3 and 4. The negotiations started in early April 2013;
however, numerous issues remain open. It is necessary to find an
agreement on such a wording of contracts and all of the related
documents so that the contract – the biggest ever awarded in the Czech
Republic – covers all risks and is acceptable for the investor. No more
details may be disclosed in view of the ongoing tender procedure.


Due to the scope of the documentation discussed, the number of changes
to be incorporated therein, and the complexity and interdependencies of
the related issues, ČEZ foresees that, apart from the negotiations
scheduled for late July, detailed negotiations will continue in
September and October 2013. “The overall duration of our negotiations
with the bidders will depend on how fast the standpoints of the bidders
will come close to ČEZ’ requirements,” says Ladislav Kříž, ČEZ
Spokesman, when describing the next steps in the negotiation phase.


In order for ČEZ to conclude the negotiations and to make a final
decision on the investment, it will be crucial whether the negotiated
conditions and the overall framework represented by the National Energy
Strategy and the related legislation of the Czech Republic will
guarantee a return on the investment in building the two new power plant
units.


PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis

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