You're reading: State Property Fund: 3 companies interested in privatization of Kyivenergo, 2 in Zakhidenergo

Three companies have expressed a desire to study the documents on the privatization of a 25% stake in PJSC Kyivenergo, the press service of the State Property Fund (SPF) has said.

According to the press service, two companies are interested in the purchase of a 45.103% stake in PJSC Zakhidenergo (Lviv).

Ukrainian government on Oct. 3, 2011, issued resolutions No. 930-r and 931-r of Sept. 21, 2011, which confirmed the conditions of sale of Zakhidenergo and Kyivenergo.

Privatization tenders to sell a 45.103% stake in PJSC Zakhidenergo and a 25% stake in PJSC Kyivenergo were announced on Oct. 5. The tender will take place on Nov. 25, 2011.

The starting price of the 45.103% stake in Zakhidenergo was set at Hr 1.932 billion, and that of the 25% stake in Kyivenergo at Hr 432.305 million.

The government, when conducting the next stage of the energy companies’ privatization, decided to keep its blocking stakes in the companies.

Experts say that DTEK holding, which owns a 24.99% stake in Zakhidenergo and a 39.98% stake in Kyivenergo, is likely to buy the stakes in the companies.

Zakhidenergo exploits 23 generators at the Burshtyn, Ladyzhyn and Dobrotvirska thermal power plants.

Kyivenergo operates almost all of the energy facilities located in Kyiv, except for the Darnytsia combined heat and power plant.