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Zaporizhiaoblenergo

Zaporizhiaoblenergo

Published:
26-08-2021
Type:
Id: 
#1762

INDUSTRY Energy

SHARE FOR PRIVATIZATION 60.3%

GENERAL OVERVIEW

Zaporizhiaoblenergo is a 60.3% state-owned company that distributes electricity in the Zaporizhia region (area: 27,200 sq.km.; households: 1.8m). The company is a natural monopolist in the region in the power distribution sector.

The region is one of the most favorable for the development of electricity production from alternative sources, in particular solar, wind and hydro generation. The company owns over 37,300 km of grid connections with voltage of 154-0.4 kW, including 21 districts of electric grids and department of maintenance and building repair and repairing units. The largest consumer groups are households, industrial, municipality and non-industrial objects.

The company provides services to 759 thsd households and industrial consumers in the following sectors: metallurgy, chemicals, machinery, agriculture, gas. Key industrial consumers are: Zaporizhia ferroalloy plant, Zaporizhstal, Dniprospetsstal, Zaporizhkoks, Ukrainian graphite, etc.

In 2018, 60.3% of the company's shares were transferred to the State Property Fund. The remaining shares are distributed between: Leks Perfecta Limited (16.52%), Bikontia Enterprises Limited (12.31%) and other shareholders (10.92%).

The company has a supervisory board that consists of 7 people, including four representatives of the State Property fund, three representatives of Leks Perfecta Limited.

Project description
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Business activity: Power distribution to consumers in the Zaporizhzhia region (803,000 consumers).

Facilities: The length of the distribution network with 154-0.4 kW voltage amounts to 37,317 km as of
1.1.2019 . Power distribution volumes in 2018 amount to 8,220,101 ths. kWh. (6.8% of total power distribution in Ukraine).

Average number of employees: 4381

Land plot:
owned: 0.2 ha
in use: 425.3 ha
rented: 23.4 ha

Legal obligations: as of 31.12.2018 the company’s debt to SE “Energorynok” amounts to UAH 827 million. It was restructured with a planned maturity in 2022. Additionally, there are potential tax (VAT) penalties in the amount of UAH 292 million (as of October 2019).

Additional information: The company is a natural monopolist in the region in the power distribution sector. The region is one of the most favorable for the development of electricity production from alternative sources, in particular solar, wind and hydro generation.

Share proposed for privatization: 60.25% (16,52% owned by Lex Perfecta Limited (Cyprus), 12,31% owned by Bikontia Enterprises Limited (Cyprus), 10,92% owned by other shareholders)

Starting price: ТВС

Investment advisor: not selected

Land area, ha 448.9
The size of the share in the authorized capital,% 60.25
Object address 69035, Zaporizhia region, Zaporizhia, street Steelmakers, 14.
Region
Type of object of Great privatization block of shares
USREOU code of the balance holder 00032945
The main type of economic activity according to the NACE 35.13 Distribution of electricity.
Governing body SPFU
Object code (registration number) 00130926
The size of the share in the authorized capital,% 60.2475
Responsible for the preparation of the object SPFU
The act by which the object is included in the List of privatization objects Order of the Cabinet of Ministers of 16.01.2019 № 36-r
SPFU order on decision-making on privatization of the object from 08.06.2018 № 754
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