Ukraine's State Property Fund (SPF) on Wednesday announced open auctions to sell property of Kostiantynivska and Myheiska hydroelectric powers plants (HPPs) located on the Southern Bug River.

The starting price of the plants is UAH 13.761 million and UAH 10.863 million respectively.

According to an announcement in the Vidomosti Pryvatyzatsii newspaper, the auction to sell Kostiantynivska HPP (Mykolaiv region) will be held on November 22 and that for Myheiska HPP (Mykolaiv region) – on November 24. Bids can be submitted until November 14 and November 16 respectively.

The fund said that Kostiantynivska HPP decreased electricity transmission by 21.6% in 2014, to 4.46 million kilowatt-hours (kWh), and in 2015 – by 15.7%, to 3.76 million kWh, while Myheiska HPP is idle now.

Among the conditions of the auctions is to retain the activity profile for five years – generation of power; a ban to fully block the creekbed and to take into account the conclusions and recommendations of environment audit in further operation of the plants.