Ukraine anti-trust watchdog allows transfer of six CHPPs to Naftogaz's management

The Anti-Monopoly Committee of Ukraine (AMCU) has allowed the transfer of six combined heat and power plants (CHPPs) from the State Property Fund to the management of the National Joint-Stock Company Naftogaz of Ukraine.

Read alsoUkraine's government expands list of large SOEs to be put up for saleThis refers to Sievierodonetska CHPP, Odeska CHPP, Kryvorizka CHPP, Khersonska CHPP, Mykolaivska CHPP, and Dniprovska CHPP, the Committee's press service said on its website on August 28.

With regard to Sievierodonetska CHPP, it is about the transfer of assets of the state-owned enterprise belonging to the State Property Fund.

As for other CHPPs, Naftogaz may be authorized to manage their corporate rights belonging to the Fund.

Background

• The Anti-Monopoly Committee of Ukraine started considering the transfer of six CHPPs to Naftogaz of Ukraine's management in April 2020.
• Naftogaz supplied gas to the enterprises under the terms of public service obligations and offered to apply energy-efficient technologies at the CHPPs.
• The State Property Fund allowed several options for the state-owned CHPPs: their sale, transfer to concession, local communities, or Naftogaz.
• On August 25, 2020, AMCU said it would strengthen monitoring the country's market for petroleum products over a possible reduction in fuel supplies from Belarus.