Large-scale privatization campaign: Centrenergo to be put up for sale again

Acting head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov says the Fund plans to put a state-owned stake in Ukraine's power generating company Centrenergo again for sale and the tender is to take place in April 2019.

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"The State Property Fund and the investment adviser, Ernst and Young, continue preparations to sell Centrenergo. Plans for the privatization of this asset remain unchanged. In April, we will again put Centrenergo up for tender," he wrote on Facebook on March 28.

Trubarov also added that the government's committee on economic, financial and legal policies, the development of the fuel and energy complex, infrastructure, defense and law enforcement had approved a draft Cabinet resolution to extend the deadline for the sale of Centrenergo's shares until September 30, 2019.

"I expect that the issue will be voted on at the next government meeting," he added.

As UNIAN reported earlier, Centrenergo was included in a list of large-scale privatization facilities for 2018, and it was to be the first to start that process, but its tender did not take place.

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 a total installed capacity of 7.665 GW, which is 14% of Ukraine's overall capacity. Centrenergo supplies electricity to Kyiv, Kharkiv, and Donetsk regions.