Specifics of Privatization in Power Industry was discussed at the Joint Sitting of the Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety and the Special Supervisory Panel on Privatization

12 February 2009, 15:59

The People´s Deputies, representatives of the national joint-stock company "Enerhetychna kompania Ukrainy", other power companies, experts in privatization attended the sitting.

 

The participants of the sitting stressed the importance of transparent procedure of privatization of energy generating companies. Thus, Yevhen Marmazov, Head of the Special Supervisory Panel on Privatization stated that at present 5 State power companies were offered for sale. "This decision is understandable, as it is necessary to fill the budget, - he stated. However, it is necessary that privatization be conducted transparently and the companies be not sold for nothing".  

 

Ye.Marmazov reported on the Bill concerning specifics of privatization in power industry that should regulate all the issues.

 

The participants of the sitting discussed the Bill. The reporters believe that more than 50% of shares of a power industry company owned by the State are to be sold exclusively at the actions, the price being offered openly, and extra financial obligations being secured.

 

The participants of the meeting also deem necessary to establish clear-cut, transparent and non-discriminatory qualification requirements for the participants of the bidding and secure distinct procedure for the use of funds obtained from the privatization. 

 

The participants of the meeting recommend that the Bill in question be scrutinized by The Verkhovna Rada.