11:02 05.10.2018

DTEK not to participate in privatization of Centrenergo

1 min read
DTEK not to participate in privatization of Centrenergo

DTEK would not participate in the privatization of PJSC Centrenergo electricity generating company, DTEK CEO Maksym Tymchenko has said.

"No, we have said this several times," he told reporters on Thursday.

He evaded the question about the fairness of the starting price of 78.289% stake in Centrenergo of UH 5.985 billion recently approved by the Cabinet of Ministers.

"It is hard to comment on the appraisal that Ernst & Young made. Perhaps they are right in their assessment, but for each investor there are assumptions to say this a lot or a little. Everyone builds his own business model for managing privatization assets," he said.

According to Tymchenko, DTEK is interested in the effectiveness of the tender and the entry of large foreign companies into the Ukrainian thermal generation market in order to jointly promote reforms in the country's electricity sector.

"I really wish that investors from other countries appear here. We will applaud if we are able to hold a tender and bring here large companies that will be with us on one side of the table in advancing reforms," he said.

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