The State Property Fund of Ukraine will privatize Odesa TPP

The State Property Fund of Ukraine decided to privatize the state stake of PJSC “Odeska TPP”

“By the order of the State Property Fund of Ukraine, it was decided to privatize the state-owned object — the state stake of 99.9895% shares of the authorized capital of the public joint stock company “Odeska TPP”,the Fund’s message said.

In December 2016, the Odesa TPP was declared bankrupt, it was planned to be liquidated by the end of 2017. In January 2019, the Odesa Economic Court, at the suit of the State Property Fund, decided to terminate the liquidation of the Odesa TPP and closed the bankruptcy case.

The Odessa TPP provides with heat about 300 thousand residents and about a thousand social institutions: hospitals, schools and kindergartens. Its capacity is 68 MW.

On May 10, 2019, the Cabinet of Ministers approved the list of “big privatization”objects. In particular, it included “Centrenergo”, “Odesa Port Plant”, “Sumykhimprom” (the privatization of which will be completed according to the rules of the previous Act on privatization), the “United Mining and Chemical Company”, the “Electrotyazhmash plant”, the Agrarian Fund, the State Food Grain Corporation of Ukraine and other state enterprises.

Source: hromadske

Tags: The Cabinet of Ministers, legislation, electricity

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