Large-scale privatization in Ukraine postponed for 2019

The State Property Fund of Ukraine says bidding contests for almost all objects of large-scale privatization will be held in 2019 instead of this year, as was announced earlier.

"We can already state the fact the privatization process for those large-scale privatization objects we have outlined is being postponed for 2019," Acting head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov said at the meeting of the Special Commission of the Verkhovna Rada of Ukraine on privatization issues.

According to Trubarov, most likely, this year it will only be possible to sell Centrenergo, whose starting price and terms of sale were approved by the Cabinet of Ministers on Wednesday. The tender for the privatization of the company's state-owned shares should be held in late November or early December this year.

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As UNIAN reported earlier, on March 28, the State Property Fund of Ukraine approved the list of almost 660 small-scale privatization facilities that are subject to sale in 2018.

On October 3, Trubarov said the starting price of a state stake in Public Joint-Stock Company (PJSC) Centrenergo, a large power generating company in Ukraine, is set at UAH 5.984 billion, or nearly US$225.48 million at the forex rate as of the day of the evaluation of the shares.

UNIAN memo. PJSC Centrenergo is one of Ukraine's leading electricity producers. The state owns 78.289% of the company's shares. Centrenergo consists of three thermal power plants – Vuhlehirska, Zmiivska, and Trypilska – with the total installed capacity of 7,665 MW, which is 14% of Ukraine's overall capacity. Centrenergo supplies electricity to Kyiv, Kharkiv, and Donetsk regions.