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10:43
VS Energy Plans To Build Combined Power Generating Plant In Sevastopol

04/09/2007 | 08:55 / Author: Hanna Kukhta / Topic: Energy, Regions of Ukraine


VS Energy International Ukraine, a limited liability company, has plans to build a combined cycle electric generating plant with the capacity of 240 MW in Sevastopol.

Ukrainian News learned this from spokesman of VS Energy International Ukraine, a subsidiary of Dutch VS Energy International N.V., Volodymyr Dunaev.

"The corresponding memorandum was signed the other day," he said.

According to him, the document was signed by representatives of energy-supplying company Sevastopolenerho, VS Energy, chairman of the Sevastopol City State Administration Serhii Kunitsyn and chairman of the Sevastopol City Council and honorary chairman of the Regions Party's branch Valerii Saratov.

The plant construction cost tops USD 200 million.

According to the message, in the near future, the company plans to hold a presentation of the project and call a tender for drawing up a feasibility study for the plant construction.

As Ukrainian News earlier reported, VS Energy International Ukraine plans to extend its energy business.

VS Energy International owns 20.36% in Odesaoblenerho, 70% in Sevastopolenerho, 91.62% in OJSC Zhytomyroblenerho, over 90% in Kirovohradoblenerho and Khersonoblenerho, 21.98% in Chernivtsioblenerho, 11.79% in Khmelnytskyioblenerho and round 10.5% in Zakarpattiaoblenerho.

In May 2001, the VSE state-owned Slovak company bought 65% of stocks in Khersonoblenerho from the State Property Fund of Ukraine, 51% of stocks in Kirovohradoblenerho and 70% in Sevastopolenerho, as well as 75.56% in Zhytomyroblenerho, paying round UAH 500 million for the stakes.

In spring 2002, VSE transferred its stocks in four Ukrainian power distribution companies to its subsidiary - VS Energy (the Netherlands).


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