Ukraine sells its stake in eight power companies

Украина продает свою долю в восьми облэнерго

The state expects to receive from the sale of all power companies about $ 300 million.

The state property Fund on 24 July announced the start of the auction with price increase on the sale of stakes in eight energy companies, reported on the Agency’s website.

In particular, are on sale at a 25 percent stake in Odessaoblenergo – the initial price 631 million and Donetskoblenergo – UAH 143 million, Donbasenergo – 669 million, Sumyoblenergo – 370 million, Dniprooblenergo – UAH 728 million, Zakhidenergo – 347 million, Kyivenergo – UAH 759 million.

As reported, in April last year, the state property Fund postponed the date of auction for the sale of 70% of shares of Khmelnitskoblenergo, 70 percent nikolayevoblenergo, 65 percent Kharkovoblenergo, 50.9 percent ternopolyoblenergo, 60.2 percent zaporizhzhyaoblenergo and 46% Cherkassyoblenergo.

In October, the then Chairman of the Fund said that the privatization of state-owned shares in power companies will start after approval of the NERC incentive tariff on the electricity market.

The state expects to receive from the sale of all power companies about $ 300 million.

July 21 came into force the court decision on special confiscation in favor of the state property of the Odessa refinery.

IMF: Kiev promised land sales in 2018

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