FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        Report of Foreign Private Issuer

                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934




For the month of   May, 2003

Commission File Number 333-7182-01

                                   CEZ, a. s.
     ---------------------------------------------------------------------
                 (Translation of registrant's name into English)

                                c/o Duhova 2/1444
                                 140 53 Prague 4
                                 Czech Republic

      ---------------------------------------------------------------------
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

                      Form 20-F  X     Form 40-F
                                ---               ---

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                Yes            No  X
                                    ---           ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82- ________
<PAGE>
The following information was filed by CEZ, a. s. in Czech language with the
Prague Stock Exchange as required by its rules and regulations:


Primary results of the extraordinary General Meeting of ZCE a. s.
-----------------------------------------------------------------

At today's extraordinary General Meeting of the energy corporation, Zapadoceska
energetika a. s., the company's Supervisory Board has been re-shaped; in its new
composition, it supports and promotes the integrative project, REAS.

Further, the General Meeting has dealt with the issue of the company's business
model.

The General Meeting has commissioned the management board to revise the "concept
for the company's business ventures" so that it responds to the formation of the
new group and facilitates cost-cutting on the group level. Overall, the General
Meeting steered a perfectly smooth course.

The extraordinary General Meeting was convened by the management board of ZCE
upon the request of the company's new majority shareholder, CEZ. The energy
corporation, CEZ, had become the majority shareholder of ZCE based on a
governmental decree on April 1st of this year, when it bought a 50.26% share in
Zapadoceska energetika a.s. from the [National Property Fund] FNM for CZK
4,988.54 million.

The following persons have been appointed new supervisory board members:

     -    Ing. Jaroslav Mil, M.B.A
     -    Ing. Premysl Skocdopol
     -    Ing. Jaroslav Suk
     -    Ing. Jaroslav Paul
     -    Ing. Mgr. Klara Maleckova
     -    Ing. Miloslav Simak
     -    Ing. Jan Skurek

The following persons have been recalled:

     -    Ing. Pavel Koncel
     -    Ing. Jaroslava Zelena
     -    JUDr. Lenka Loudova
     -    Ing. Vaclav Nechuta
     -    Mgr. Jan Brozek
     -    Dipl.-Kfm. Lorenz Pronnet


In revising the "concept of the company's business ventures", we aim to utilize
all the benefits brought about by the new group. In line with the development of
the individual distribution companies in which CEZ, a.s. acquired a majority
share, we expect the proposed modifications to also be based upon the findings
of the financial and legal audits performed within the group.

The CEZ group ranks among the largest energy corporations in Europe and has
become the strongest player in the field of electricity business in the CEE
countries. This fact brings about a number of advantages for both the group as a
whole, and its individual members. Among them, we may specifically point out the
following:

               o    enhanced competitiveness on the European energy market,

               o    strengthened position on the regional markets of the
                    individual distributors,

               o    increased bargaining power in the purchase of goods and
                    services,

               o    facilitated access to capital funds,

               o    brighter perspective as regards sustained consumer loyalty,

               o    safeguard against retail and wholesale market volatility.

CEZ is fully aware of the importance, indeed necessity, to display transparency
in integrating the CEZ group, respecting the viewpoint of other co-owners of the
regional energy providers. This is why the firm has spared no expense in
preparing and implementing a project called "REAS", which represents a
fundamental tool for streamlining the business model of the CEZ group.

With regard to the scope and the prominence of the issue, CEZ has decided to
address renowned consultants with experience in both the Czech and the global
electric energy sector, and ask them to fine-tune the aforementioned project.
The strategy of CEZ is to primarily involve individual employees at the regional
energy providers with the setup and the performance of the project, as the
project's primary goal is to improve the profitability of these group members.
By contrast, the representatives of selected consulting companies and the staff
of the parent company, CEZ, are instead meant to play the role of coordinator.

The implementation of "Project REAS" affects all areas of management that
display a potential for contributing to the group, namely the areas of
electricity sales, marketing, distribution of electricity, asset administration,
purchasing of goods and services, IT, organization and human resources,
financial departments, such as planning and controlling, communication
management, and Corporate Culture; the initial phase of "Project REAS" may also
come to identity other such areas.

All areas of group management will ensure that maximum advantage is taken of
each and every chance to economize, so that the long-term value enhancement of
the CEZ group and its individual members is guaranteed.
<PAGE>
                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                                           CEZ, a. s.
                                                    ------------------------
                                                          (Registrant)
Date: May 12, 2003
                                                  By: /s/ Libuse Latalova
                                                      ---------------------
                                                         Libuse Latalova
                                                  Head of Finance Administration