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SPF plans to sell a GenCo each quarter beginning in 4Q10

SPF plans to sell a GenCo each quarter beginning in 4Q10

27 May 2010

The State Property Fund plans to privatize one of its stake in four GenCos each quarter beginning in 4Q10, SPF head Oleksandr Ryabchenko said at a press conference yesterday. Ryabchenko did not indicate which GenCo would be first, but noted strong commitment to the plan by both the SPF and Ministry of Fuel and Energy. The SPF estimated the value of all the state’s GenCo stakes at UAH 9-11 bln. Yegor Samusenko: Though we see the government’s unity in selling off its GenCo stakes as very positive, we believe that the much-anticipated and oft-delayed energy sector reform is crucial for successful privatization. We expect the government to announce its plans regarding reform as early as June.

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