Business news from Ukraine

NAFTOGAZ SIGNS AGREEMENT WITH PWC FOR MANAGEMENT OF UNBUNDLING PROJECT

14 June , 2017  

KYIV. June 14 (Interfax-Ukraine) – Naftogaz Ukrainy on June 12 signed an agreement with PricewaterhouseCoopers Polska Sp. Z o.o. (Poland), which won a tender to manage the department for natural gas transportation, according to data in the ProZorro system.
As reported, Naftogaz Ukrainy expects that the services will provide an effective separation of the gas transportation function from Naftogaz Ukrainy Group in accordance with the unbundling plan approved by Cabinet resolution No. 496 of July 1, 2016.
The term of rendering services is till December 31, 2017.
PwC in the course of trading expressed its readiness to become an adviser for UAH 10.785 million, while Boston Consulting Group Sp. Z o.o. for UAH 10.8 million (including VAT). Thus, with the expected cost of services being UAH 24.409 million, PwC reduced the offer by 2.3 times from the initial price.