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SPF plans to complete preparations for the privatization of six regional power distribution companies

The State Property Fund (SPF) plans to complete preparations for the privatization of six regional power distribution companies (oblenergo) by September. SPF Chairman Ihor Bilous announced “"With oblenergo, everything is very simple. […] In general, all the six oblenergo will have a combined starting price of about USD 250 million. The SPF is not expecting to sell the Centrenergo shares before 2017. Centrenergo is one of the leading power generating companies in Ukraine where the state owns a 78.289% stake, “"I would very much love to, but we will not have time to sell it this year. We are only preparing it.” said Bilous. According to him the Centrenergo power company is old as are its assets and require very large investment in modernization

Source: www.bloomberg.com

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