The State Property Fund of Ukraine (SPFU) will conduct auctions to sell Kostiantynivska hydropower plant and a closed Myhiyivska HPP (both located in Mykolaiv region) on November 22 and 24, with a starting price of UAH 10.9 million and UAH 13.8 million respectively, according to the ”Privatization details” newspaper.
At the moment, Myhiyivska HPP is out of operation, therefore its re-launch is one of the conditions of its sale, the SPFU said.
Also, according to the terms of the privatization, the buyer must produce electricity at stations for at least five years to prevent the emergence of a new debt to the budget and wage arrears. The investor is also prohibited from dismissing personnel of hydroelectric plants within six months after the deal is sealed.
In order to participate in the tender for the purchase of Myhiyivska HPP, the buyer has to pay a deposit in the amount of UAH 1.1 million and to submit an application until November 14. To participate in the tender for the purchase of Kostiantynivska HPP, the buyer will have to pay a deposit of UAH 1.4 million and to submit an application until November 16.
