Government approves sale of 71% in Cherkasyoblenergo in one package

17:40, 22.11.2016 1 min read

The government committee has approved the sale of 71% in PJSC Cherkasyoblenergo in one package, Head of the State Property Fund (SPF) Ihor Bilous has said.

"As for Cherkasyoblenergo, today the governmental committee has decided to merge stakes, i.e. we'll sell a combined package of 46% and 25% [owned by the State Property Fund and UkrESCO]," he told reporters in Kyiv.

According to him, the State Property Fund plans to resume privatization of regional power companies after the signing of the law on the National Commission on Energy, Housing and Utilities Services Regulation (NCER) and the actual announcement of RAB tariffs. In addition, Bilous said it is inappropriate to hold the privatization tender during Christmas holidays.