Turboatom, regional energy companies, almost all CHPPs off 2018 privatization list

The State Property Fund of Ukraine (SPP) excluded from the privatization list for 2018 a number of large enterprises, according to the order by acting SPP head Vitaly Trubarov, published in the Vedomosti Privatizatsiyi newspaper.

The SPP excluded from the updated list Turboatom, three of the four heat generating companies (Khersonska CHPP, Dniprovska CHPP, Kryvyi Rih CHPP), and all regional energy companies (oblenergos) earlier put up for sale (Khmelnytskoblenergo, Ternopiloblenergo, Mykolayivoblenergo, Kharkivoblenergo, Zaporizhiaoblenergo, and Cherkasyoblnergo).

Odesa Portside Chemical Plant (99.567% of shares), Sumykhimprom (99.995% of shares), Centrenergo (78.29% of shares) and Zaporizhia Production Aluminum Plant (68.009% of shares), as well as a smaller-scale Mykolayiv CHPP have all remained on the list.

Read alsoUkraine's property fund to sell almost 660 small-scale privatization facilitiesAs UNIAN reported earlier, on January 18, 2018, the Verkhovna Rada adopted a new law on privatization of state property, signed by President Poroshenko early March.

The new legislation's main objective is to ease the privatization process by  simplifying classification of privatization objects down to just small and large conpanies.

Also, the law provides for expands the list of SOEs that can be put up for sale, shortening sale terms, allowing for a possibility of drawing up a bank guarantee, and unifying methods of state property sales.

The state budget for 2018 envisages UAH 21.3 billion of privatization proceeds. In total, the government plans to sell more than 900 state-owned companies.

UNIAN memo. Turboatom produces steam turbines for TPPs and nuclear power plants, hydroturbines for HPPs, and gas turbines for TPPs. The production of turbines is carried out in a closed cycle: from design and research and development to manufacturing, assembly, testing and shipping.

Turboatom’s structure includes two special design bureaus, technological units, research laboratories, a procurement base, mechanical production capacities, and those for testing power equipment. The management of the state part of shares in PJSC Turboatom is carried out by the State Property Fund of Ukraine, which owns 75.22% of the shares.