CEZ started refuelling NPP Dukovany’s 3rd block on Saturday. CEZ’s plans this shut down to be shortest in the history, when the task should be finished in 20 days versus 30 days in the past. Our view: This only shows CEZ’s effort to make its production more efficient, when the cheapest generation units will be running more than in the past. We see these plans positively in the light of increasing EBITDA margin in 2008.