Centrenergo is being prepared for privatization

The State Property Fund of Ukraine has begun the selection of advisers for the privatization of PJSC Centrenergo. This was reported by the press service.

“Investment advisers are already working with 5 objects of large privatization, and the State Property Fund of Ukraine has begun the procedure for selecting privatization advisers for Centrenergo. In February, procedures to prepare for the privatization of several of the following large privatization objects will be launched”, commented Chairman of the State Property Fund of Ukraine Dmytro Sennychenko.

Recently, the State Property Fund also rotated the members of the supervisory board of PJSC Centrenergo, and issued an order to hold a competition for the head of Centrenergo and sent an order to the Ministry of Economic Development, Trade and Agriculture to organize it.

To recap, in October Centrenergo announced that it would sell 90% of its electricity on the day-ahead market.

Earlier it was reported that the Court of Appeal had stopped bankruptcy proceedings of Centrenergo.

On October 29, 2018, the State Property Fund announced a tender to sell shares of Centrenergo at a starting price of UAH 5.98 billion. A sale was scheduled for December 13, 2018, the competition had to be held if there were at least two participants, one of which was foreign.

The auction did not take place. The documents of interested companies, in particular Ukrdoninvest LLC and Neftebitumen Plant (Belarus), were not allowed to participate, because the documentation they submitted did not meet the requirements of the law. Centrenergo operates 23 units (18 are coal-dust, five are gas-oil) at Vuhlehirsk, Zmiiv and Tripol TPPs with a total installed capacity of 7690 MW.

Tags: The Cabinet of Ministers, contracts, tariffs, legislation, electricity, NEURC, The Minystry of Energy and Coal Mining, TPP, ETL, electricity market, Centrenergo, negotiations, investments, investors, agreement, power system balance

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