The State Property Fund of Ukraine (SPFU) plans to conduct auctions to sell Kostiantynivska and closed Myhiyivska hydropower plants in November (both in Mykolaiv region), with a starting price of UAH 13.8 million and UAH 10.9 million respectively, the press service of the fund reported.
”The Cabinet of Ministers agreed on the conditions and the selling price of the Myhiyivska and Kostiantynivska hydropower plants on the tender with openness bidding on the auction principle,” the report says.
The fund also noted that, according to the terms of the privatization, the investor would have to reactivate the Myhiyivska hydropower plant. Additionally, the customers who purchase the plants will have to save the profile of enterprises and adhere to environmental safety.
”In the near future, the State Property Fund will hold a meeting of the competition committee and approve the date of publication of the advertisement, as well as fixed conditions of the tender,” the press-service said.