In June 2000, the State Property Fund of Ukraine will offer for sale through tendering procedure a share block, equal to 26% of the authorized capital, owned by the state. Domestic and foreign companies that have strategic interests in the sector of distributing and supplying the electric power are invited to participate in the tender.

Business
The company traded is a profit-making regional monopoly supplier of power. The company deals with generating, transmitting and supplying the electric power.

Activity UAH (currency - Ukrainian Hryvnia)



Forecast
Based on the performance in the previous years, the company management expects an increase in sales of main products/services up to UAH 45.35 mln. in 2000, with balance profit expected of UAH 3.3 mln.

Growth/Tendencies
The company is 15th in power sales among the 27 companies generating electric power. The company's position in the central Ukraine makes for rendering services in power transit. The company has its own power-generating facilities.

Reputation
Since its existence the company has established itself as a reliable partner and supplier of electric power for the industry and municipal utilities of the region.

Owners
The company was created in 1995 and reorganized into an open joint-stock company in 1999 owned by the state (51%), the staff, and third party shareholders.

Clients
Forty-five percent of the total consumed power in the oblast are distributed among the following clients of the
company: “Ukrzaliznytsia” DP, “Oleksandriyavuhillia” DHK, “Chervona Zirka” VAT, Skhidny GZK, Svitlovodsk Pure Metals Works, Svitlovodsk Hard Alloys Plant, as well as agricultural and transport companies.

Suppliers
Local power-generating companies.

Location
The company's office is located in an oblast center in the central Ukraine.

Additional Information
Information on the conditions of buying shares, which are on sale in 2000, can be obtained by written request mailed to the address: State Property Fund of Ukraine, 18/9 Kutuzova vul., Kyiv 01133, Ukraine, or faxed (fax: +38 044 296-65-01). The request should be addressed to the Head of the Fund, Mr. O.M. Bondar, and include Ref # 011740 of the item privatized.