Proposed Energy Sector Privatisations In Ukraine

Between now and the end of October 2008, the Cabinet of Ministers of Ukraine intends to sell minority stakes in six local distribution companies and majority stakes in four thermal power generation companies. However, privatisation of energy companies is a politically controversial topic in Ukraine and already the President, Victor Yushchenko, is trying to block the sale of the generation companies.

Distribution Companies

The State Property Fund of Ukraine has announced the sale, in each case by auction, of a 25% shareholding in Poltavaoblenergo, a 26.98% shareholding in Lvivoblenergo, a 25.02% shareholding in Prykarpattiaoblenergo, a 25% shareholding in Chernihivoblenergo, a 25.01% shareholding in Odesaoblenergo and a 25% shareholding in Sumyoblenergo. The shareholdings in Prykarpattiaoblenergo and Sumyoblenergo are to be sold together with land plots of 2.65 hectares and 237 hectares,