The largest private energy holding in the country – DTEK – is pleased to have some competition in a tender to buy 25% stake in public joint-stock company Kyivenergo and is planning to win a fair, competitive fight, DTEK Director General Maksym Tymchenko has told Interfax-Ukraine.
He said that despite large investment liabilities stipulated in the tender conditions, the energy holding had decided to participate in the privatization of the state-owned stake in Kyivenergo.
"We had a detailed internal discussion. Taking into account the starting price and the large investment liabilities, our decision to participate in the tender was not a given. However, the key argument was our consistency in the realization of the long-term strategy of DTEK to build a powerful energy holding able to compete with western players and be a conductor of transparent and modern business practices in Ukraine. We're glad that we have competition in the tender to buy Kyivenergo," Tymchenko said.
He also expressed hope that the State Property Fund of Ukraine will be able to provide for absolute transparency and lawfulness in the tender.
"We don't know who our real rival is. I hope that the State Property Fund has a full vision of the situation and will be able to provide for absolute transparency and lawfulness of the tender. I can say for sure that we've got used to winning in a fair competitive fight," Tymchenko said.
