Ukraine announces tender to sell 50% stake in Zakarpattiaoblenergo
The State Property Fund of Ukraine (SPF) on January 20, 2012 will hold a privatization tender to sell a 50% stake in a regional electricity supply company – public joint-stock company Zakarpattiaoblenergo (Uzhgorod), reads an official report in the Vidomosti Pryvatyzatsii newspaper published on Wednesday.
The report says that the starting price of the stake is UAH 135 million, and the bid increment is UAH 1.4 million.
According to the conditions of the tender approved by cabinet resolution No. 1162 of November 2, 2011, bidders have to have generated electricity of a volume of at least 30% of the amount of electricity generated by Zakarpattiaoblenergo within the past three years or own a company that has generated or transmitted such an amount of electricity.
The conditions are similar to the conditions of the tenders for a 25% stake in Kyivenergo and a 40.061% stake in Donetskoblenergo announced earlier.
In addition, the winner is to invest UAH 5 million according to the concept for the company's development.