Business news from Ukraine

Business news from Ukraine

CABINET APPROVES SALES OF STATE STAKES IN THERMAL POWER PLANTS, REGIONAL POWER GENERATORS

13 May , 2015  

KYIV. May 13 (Interfax-Ukraine) – The Ukrainian Cabinet of Ministers has decided to put state stakes in four power generation companies, seven combined heat and power plants, and 11 regional power generation companies up for sale in 2015.

The companies approved for sale are listed in Cabinet resolution No. 271 dated May 12, 2015, which was posted on the government’s official website.

A 78.29% share in PJSC Centrenergo will be put up for sale, as well 25% of shares in PJSC Donbassenergo, PJSC DTEK Dniproenergo and PJSC DTEK Zakhidenergo each.

Also, a 25% share of PJSC Kyivenergo, PJSC DTEK Dniprooblenergo, PJSC DTEK Donetskoblenergo, PJSC Odesaoblenergo, PJSC Sumyoblenergo each will be put up for sale. The government also plans to sell the following state stakes in 2015: 65% of JSC Kharkivoblenergo, 60.25% of OJSC Zaporizhiaoblenergo, 70% of PJSC Khmelnytskoblenergo, 70% of PJSC Mykolaivoblenergo, 46% of PJSC Cherkasyoblenergo, and 51% of OJSC Ternopiloblenergo.

A 99.83% share of PJSC Kherson combined heat and power plant will be offered for sale, as will 99.99% of PJSC Odesa combined heat and power plant, 100% of PJSC Mykolaiv combined heat and power plant, and a 99.93% share of PJSC Dniprodzerzhynsk combined heat and power plant, state-run enterprise Severodonetsk combined heat and power plant, state-run enterprise Kryvorizka combined heat and power plant, and Kalush combined heat and power plant each.

The Cabinet also approved the sale of Kostiantynivska hydro-electric power station, Pervomaisk hydro-electric power station, and Myhiya hydro-electric power station.

As reported, two out of the four stakes in the power generation companies planned for sale are controlled by Rinat Akhmetov’s DTEK (a 72.9% stake in Dniproenergo and a 72.2% stake in Zakhidenergo). Ihor Humeniuk’s Energoinvest Holding owns 60.8% of Donbassenergo’s shares, while the state holds 78.2% of Centrenergo’s shares.