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   June 2003


Commission File Number 333-7182-01

                                   CEZ, a. s.

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                 (Translation of registrant's name into English)

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

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                    (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- ________


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The following information was filed by CEZ, a. s. in the Czech language with the
Prague Stock Exchange as required by its rules and regulations:


            CEZ and SKODA Praha have agreed on resolution to dispute



Representatives of the power company CEZ and the joint stock company SKODA PRAHA
have signed an agreement on the settlement of mutual  relations and  outstanding
disputes.

The agreement  resolves the settlement of contested  rights and obligations that
arose  between  CEZ and SKODA  PRAHA in  connection  with the  agreement  on the
construction  of the Temelin  nuclear power plant.  The parties have agreed that
SKODA PRAHA will  withdraw its  lawsuits in the matter of disputed  receivables.
CEZ,  on the other hand will  perform a debt for equity swap under which it will
swap its receivable of CZK 700 million for the registered capital of SKODA PRAHA
in the course of the following months.  SKODA PRAHA also undertook that when the
agreement  becomes  effective it will provide  evidence of the resolution of the
use of the  registered  trademark with regard to the  Plzen-based  company Skoda
Holding.

The power company CEZ presently  holds a 29.8 % stake in Skoda Praha,  following
the debt-for-equity swap, its stake should increase to approximately 68.9 %.

Concurrently an addendum was signed that specifies collaboration between the two
firms on the grounds of the Temelin  nuclear power plant,  makes it possible for
Skoda PRAHA to  participate  in further work on this structure and specifies the
rules for  collaboration.  An important feature is the interlinked nature of the
two documents - the addendum and the agreement were signed at the same time.

"The agreement that was concluded  represents a reasonable  compromise.  We were
led to take this step primarily by our sense of responsibility  and knowledge of
the fact that in the  absence of this  solution,  SKODA PRAHA would be unable to
continue to exist in an effective  manner.  It was not our  strategic  intent to
become  the  majority  owner of this  engineering  firm,  since our main area of
business is power generation.  That is what we know how to do. However,  for the
time that we will be the majority  owner,  we will  certainly  be a  responsible
owner and will try to find a path for the firm's  future,"  stated  CEZ  General
Director Jaroslav Mil on this occasion.

Jiri Hurych,  the General Director of SKODA PRAHA,  stated:  "The signing of the
agreements  definitively  confirmed the successful completion of the first phase
of  the   stabilization  of  SKODA  PRAHA,   which  went  through  a  period  of
restructuring  during the past six months.  The new management which assumed its
duties last December  approved the Stabilization  Program which included,  among
other things,  radical changes to the company's business  activities.  Thanks to
this step, SKODA PRAHA  strengthened  its financial and business  management and
prepared  a  high-quality  foundation  for  the  implementation  of a  long-term
strategic  plan which  should lead to the  transformation  of SKODA PRAHA into a
modern company that offers attractive returns to its shareholders."


Jana Vargova m.p.                                       Ladislav Kriz m. p.
Spokesperson                                            Spokesperson
SKODA PRAHA  a.s.                                       CEZ, a. s.



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                                   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: June 17, 2003



                                                By: /s/ Libuse Latalova
                                                   -----------------------------
                                                        Libuse Latalova
                                                Head of Finance Administration