Delayed tender for Elektrowni Dolna Odra finally launched

The Treasury Ministry said in a newspaper announcement on Monday that it opened a tender to sell at least 10% in the medium-sized power generating group Zespol Elektrowni Dolna Odra. The coal-fired power group, consisting of three power plants based in Szczecin, has a total of 1.95 megawatts of installed capacity. The deadline for placing initial offers in the lon g-delayed privatization is April 28, and the ministry plans to respond to bidders by July 28. The sale negotiations would concern the size of the stake, its price and the company's development program, which will include a capital increase, environment protection investments as well as a social benefits package for its employees. The government is also selling stakes in rival power plant operator Kozienice and a cluster of plants known as the G-8 group. (Puls Biznesu, p. 4, Reuters) M.M.