CEZ expressed interest to modernized SC Electrocentrale Galati SA with capacity of 535 MW power plants in Galati, Romania. The tender was announced by state owned company Termoelectrica that operates heat power plants in Romania. In addition, this week CEZ expressed interest for strategic partnership to build new power plant in Borzesti. Our view: The tender is in early stage and we don’t have information regarding the needed investment for modernization of the power plant thus we see the news as neutral.