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:

             Proposal for an amendment of the Statutes of CEZ, a. s.
             -------------------------------------------------------

(to be submitted at the General Meeting that is to take place on June 17, 2003)

Article 5  - Scope of Business
------------------------------

shall be supplemented as follows:

p1) waste management (not including hazardous waste)

The business line, "management of hazardous waste", as listed under letter u) in
Art. 4 (Scope of Business) of the Statutes does not encompass our activities in
the area of managing so-called secondary products from energy production. Since
our heat-powered power plants do sell these products for money to mining
companies and mortar manufacturers, we have asked the competent trade office for
the issuance of a business license. This business license for the line of
business, "waste management (not including hazardous waste)", was issued on
March 25, 2003, by the trade department at the Municipal District Office Prague
4.

Article 34 - Increase of Registered Capital by the Board of Directors
---------------------------------------------------------------------

Paragraph 2 of Article 34 shall be deleted:

2. The board of directors shall be authorized to increase the registered capital
through subscription of shares pursuant to the provisions of the decision of the
general meeting in the following events:

     a)   through an in-kind  contribution  of assets  related to the  company's
          scope of  business  and  convenient  for such scope of  business,  the
          acquisition  of  which  assets  is  significantly  beneficial  for the
          company and the  contributor  of which shall be the National  Property
          Fund of the Czech Republic,

     b)   the increase in the  registered  capital  shall be performed  based on
          values specified in the amendment to the  privatization  project which
          for such  purpose  shall be deemed an expert  appraisal,  in  integral
          hundreds of Czech crowns,

     c)   the number of shares issued for such contribution  shall be determined
          by the value of the in-kind  contribution  stipulated  pursuant to the
          provisions  of Section b) above  shall  being  divided by the  nominal
          value of shares and the result being the number of shares to be issued
          for such increase performed,

     d)   shares  shall be  subscribed  for in respect of such  increase,  which
          shall be issued as  book-entered  bearer  shares,  having the  nominal
          value of CZK 100 each.

     For such increase,  the pre-emptive right on such subscription  pursuant to
     the provisions of Section 204a of the Commercial Code shall not be applied,
     and the National Property Fund of the Czech Republic shall become the owner
     of such subscribed-for shares.

<PAGE>

By means of the decree by the Minister of Industry and Trade issued on August 1,
2001, the state-owned enterprise, Ceske energeticke zavody, was wound-up, and it
entered liquidation proceedings on August 15, 2001. According to Act no. 92/91
Coll., on the transfer of state property to third parties, the liquidator of a
state-owned enterprise may realize its assets via public auction only. Hence,
the registered capital of CEZ, a. s., may no longer be increased in the fashion
described in Art. 34 (2) of the company's Statutes, i.e. by a contribution in
kind made by the FNM CR within the framework of a privatization project. For
this reason, the provision in question has become obsolete, which is why we
propose its deletion from the Statutes.

Reasons:
--------

The present proposal for amendment to the Statutes expresses the intention to
bring the Statutes in compliance with the actual state of affairs. It reflects
the company's need to supplement its scope of business with a line of business
that it pursues as a license holder. Further, it suggests the deletion of part
of Art. 34 of the Statutes - Increase of Registered Capital by the Board of
Directors - which has become obsolete through the influence of objective facts.

<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 14, 2003

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