KYIV. Nov 24 (Interfax-Ukraine) – EMZA LLC (Kyiv) has won a privatization tender to sell non-operating Myhia hydroelectric power plant (HPP) on the Southern Bug River paying UAH 52.5 million with the starting price of UAH 10.863 million, Head of Ukraine’s State Property Fund (SPF) Ihor Bilous told reporters after the tender.
He said that 16 companies submitted bids. Some 25 price increments were made and the starting price was increase by five times.
Bilous said that a group of companies that incorporates EMZA is operating four HPPs.
“We are waiting that the sale and purchase agreement with the winner will be signed and hope for fruitful cooperation in the future,” he said.
Marko Kravchenko is the owner of EMZA LLC founded in 2000.
Kravchenko jointly with Dmytro Nikulin own Science Innovation Production that is building a small HPP on the Sluch River in Zhytomyr region.
Nikulin also holds shares in Balford Ukraine LLC (via Chemtrade Estonia) that is building a small HPP on the Stryi River in Lviv region.
Chemtrade Estonia and Balford Chemicals OU (Estonia) sell titanium dioxide, fertilizers and other chemicals made in Ukraine to consumers from Europe and Asia.
