Business news from Ukraine

WORKING GROUP INCLUDING EBRD AND IMF REPS THINKS POWER COMPANIES, CENTROENERGO PRIVATIZATION POSSIBLE ONLY AFTER ADOPTING OF ELECTRICITY MARKET LAW – SPF

6 February , 2017  

KYIV. Feb 6 (Interfax-Ukraine) – The working group established under Ukraine’s Cabinet of Ministers, which includes representatives of the European Bank for Reconstruction and Development (EBRD) and the International Monetary Fund, believes that selling stakes in Ukrainian regional electricity-generating companies, as well as PJSC Centrenergo, will only be possible after adoption of the law on the electric energy market. Introduction of new regulatory measures will also be necessary, according to the press service of Ukraine’s State Property Fund (SPF).

The SPF said the corresponding opinions of the working group were made following its latest sitting.

“Members of the working group expressed a single though – that selling stakes in Ukraine’s regional electricity generating companies and Centrenergo, even 25% stakes, cannot be done without first passing the law on the electricity market and introducing new regulatory measures. International experts have expressed willingness to make this view known to government officials,” the SPF’s press release said.

As earlier reported, the parliament’s committee overseeing the nation’s fuel and energy sector has floored a draft bill, entitled “On the electricity market.”