Investor Presentaiton
CONTRACT PARAMETERS FROM 2013 AND ITS BENEFITS
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Take or pay contract for 5 m tons of
lignite for ČEZ until the Vršany mine is
exhausted (about 2060)
Starting price of coal 38.8 CZK/GJ, which
gradually increases to the level of 0.65
ARA until 2023
Sale option for 100% of shares in EPC to
Vršanská uhelná in 2016 (option 1);
Sale option for 100% of shares in EPC to
Vršanská uhelná in 2024 (option 2);
In case EPC is sold, also the contract for
5 m tons of lignite is transferred to VUAS
Agreement on the reciprocal settlement
of relations, withdrawal of the complaint
at the European Commission
■ Termination of trade disputes with
VUAS, enabling settlement with the
European Commission
Ensuring secure long-term fuel
supply for ČEZ sources: EPC and
Energotrans
Contribution to stabilization of EPC
economy by linking the fuel price
with black coal price, resulting in a
price advantage over black coal
plants
In case of unfavorable
developments in the energy
markets, the possibility to terminate
the contract using predefined
unilateral options of ČEZ
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Note: VUAS - Vršanská uhelná, a.s.
CEZ GROUPView entire presentation