CEZ agrees gigantic deal with Czech Coal

The energy giant CEZ has struck a huge deal with Czech Coal under which the latter will supply it with fuel for its Počerady power station. The contract, which follows lengthy negotiations, is valued at around CZK 200 billion and will run until 2060. The deal also includes an option for Czech Coal to buy Počerady in the future, though the price has not been revealed. It is one of the biggest transactions ever seen on the Czech market.