The Ministry of Energy opposes the privatization of Energoatom

The Ministry of Energy of Ukraine is categorically opposed to privatization, full or partial private ownership of NNEGC Energoatom and nuclear power plants. That is why the Ministry insists on the corporatization of Energoatom while the state retains 100% of the company's shares, the press service reports.

It is noted that this position is supported by Prime Minister Denys Shmyhal and all participants in the meeting, which was held on October 27 under the chairmanship of the head of the government. The management of Energoatom was present during the discussion of all issues related to corporatization and did not express any objections to adopting the relevant decisions.

The choice of the optimal model for Energoatom corporatization was preceded by a long-term study by the consulting company Deloitte, which analyzed all possible corporatization options and presented it to the Ministry of Energy Energoatom for consideration. After joint discussions, an option was chosen, which in no way provides for the company's privatization.

In the case of Energoatom, the corporatization process requires amendments to the legislation, and the Ministry expects that the Verkhovna Rada will support all necessary changes.

The introduction of the Supervisory Board of Energoatom is stipulated by the current legislation, the charter of the enterprise, and complies with the principles of corporate governance of the OECD.

Therefore, the Ministry of Energy announced a competitive selection of candidates for four vacant positions of independent members of the Supervisory Board of Energoatom.

“All the necessary conditions for creating a supervisory board at Energoatom have been fulfilled. We hope that we will soon reach a qualitatively new level of management of the state company,” Olha Buslavets said.

Earlier it was reported that Energoatom supported the proposal of Andriy Gerus on the priority repayment of debts to state-owned companies.

Tags: NNEGC "Energoatom", electricity market, debt, The Ministry of Economy, law, Shmyhal, nuclear power plant, generation, Buslavets

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