State Property Fund names new date to sell OPP, Centrenergo

The corresponding bidding schedule for 2018 was approved by SPFU order of December 13, published in the Vidomosti Pryvatyzatsiyi newspaper.

According to the report, next autumn, if approved by the government, the SPFU also plans to auction off controlling stakes in the following energy companies: Zaporizhyeoblenergo (60.3%), Mykolayivoblenergo (70%), and Kharkivoblenergo (65%) in September; Khmelnytskoblenergo (70%), Cherkasyoblenergo (46%), and Ternopiloblenergo (51%) in October.

Read alsoUkraine's property fund to inspect 32 privatized enterprisesIn January, the SPFU aims to sell 99.8% of the shares of Kherson CHP, and in February, in addition to the OPP, a 68% stake in the Zaporizhia Aluminum Combine is set to be sold. In April, it’s 99.9% of Mikolaivskaya CHPP, and 99.99% of Sumykhimprom.

As UNIAN reported earlier, the State Property Fund of Ukraine in 2018 plans to meet the privatization proceeds target of UAH 22.5 billion.

Privatization proceeds to the state budget of Ukraine at the end of 2016 amounted to UAH 188.9 million, which was 24.8% more than in 2015. At the same time, the amount raised was a bit over a mere 1% of the target UAH 17 billion.

Read alsoUkraine's central bank allows two Chinese citizens to buy UBRDIn 2017, it was also planned to raise UAH 17 billion from privatization of SOEs. According to a memorandum on cooperation with the International Monetary Fund, Ukraine was to take all necessary measures to attract authoritative international investors and privatize the OPP as early as the first half of 2017. In addition, the government planned to initiate before late September 2017 the sale of Turboatom, Centrenergo, and Ukrspirt.

The government of Ukraine, however, postponed large-scale privatization until the adoption by Parliament of a new law on privatization.