You're reading: State Property Fund plans to gain about UAH 1 bln via sale of state entities

Ukraine's State Property Fund expects to gain about UAH 1 billion through the sale of combined heat and power plants and President Hotel in the current year, head of the agency Ihor Bilous posted on Facebook.

“We won’t fulfill the budget this year [because of a delay in the sale of Odesa port-side chemical plant], at the same time, we now have the opportunity to properly prepare for the privatization of large objects. And, after all, I hope we’ll get some of the proceeds from privatization in 2015 – about UAH 1 billion from the sale President Hotel and plants,” he said.

Bilous said it was right to postpone the sale of Odesa port-side plant for the subsequent sale of the object under new rules.

As reported, the State Property Fund may in the current year sell three or six combined heat and power plants, in particular, Odesa CHPP, Mykolaiv CHPP, and Kherson CHPP.

The agency has already begun preparations for the sale of 94.99% of shares in PJSC Odesa CHPP and a 94.83 percent stake in PJSC Kherson CHPP.