Zakhidenergo (ZAEN: BUY) increased its export-oriented generation capacity by about 10% in August-September, which allowed it to increase electricity exports by 13.83% in 3Q05. Concorde Capital: Increasing UCTE?s export quota in 3Q05 allowed the company to increase its deliveries from Dobrotvir TPP to Poland by 41% yoy, and from Burshtyn TPP to Hungary, Slovakia and Romania by 7.5% yoy. This export growth is higher than the 6% incorporated in our DCF model. We will see if this export hike is sustainable and have not revise our target, maintaining BUY recommendation.