2017 privatization plan sees another attempt to sell OPP scheduled for December

The State Property Fund of Ukraine (SPF) plans to put up for privatization 75.22% of Turboatom's shares in November, as well as hold in December another auction to sell 99.6% of shares of the currently idle Odesa Portside Chemical Plant (OPP), according to the 2017 privatization plan published in SPF's newspaper Vidomosti Pryvatizatsiyi.

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At the same time, head of the State Property Fund Ihor Bilous has repeatedly noted that it is advisable to offer the OPP for a lease or hand over the control to a company, which has access to gas. Another option is to switch to a "tolling" scheme of operations.

The State Property Fund also intends to sell 99.99% of shares in PJSC Sumykhimprom in March and 78.3% of shares in major power generating company PJSC Centrenergo in October this year.

Read alsoPrivatization failure of 2016. Is Ukraine ready to draw conclusions?In August, the State Property Fund plans to start the privatization of such enterprises as Khmelnytskoblenergo (70% of shares), Mikolayivoblenergo (70%), Kharkivoblenergo (65%), Ternopiloblenergo (50.9%), and Zaporizhiaoblenergo (60%). Moreover, the fund intends to put up for sale 25% plus one share in Sumyoblenergo, Odesaoblenergo, DTEK Donetskoblenerho, Kyivenergo, DTEK Dniprooblenergo, DTEK Zakhidenergo, DTEK Dniproenergo, and Donbasenergo at the stock exchanges in July.

As UNIAN reported earlier, revenues to the state budget of Ukraine from the privatization in 2016 amounted to UAH 188.9 million, which was 24.8% up from 2015. At the same time, this is just 1% of the UAH 17 billion target laid in the 2016 national budget.

A total of UAH 17 billion is expected to be received from the privatization of state-owned enterprises in 2017.

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