Hydropower plant sale, second offer
14/11/2012 00:00
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After the first failure, the Albanian government will try once again to
sell the four existing hydropower plants that were detached from the
Albanian Power Corporation.
The Ministry of Economy reopened the process by appealing the interested buyers to present the offers within December 10th for the two hydropower plants of Bistrica, Ulza and Shkopet. According to the criteria foreseen by the Council of Minister’s decision, the offers should own financial resources of 25 million EUR, should not be involved in bankruptcy procedures and have a technical experience.
The two hydropower plants of Ulza and Shkopet have a capacity of 25.2 and 24 MW, and they will be privatized as one single company. According to the official data, the registered capital of this company is 4.5 billion ALL, divided into 4.5 million shares with a total value of 1000 ALL each.
The government has decided to sell 100% of the shares. The same procedure will be followed with the two Bistrica hydropower plants, which will also be sold to different companies with a registered capital of 6.3 billion ALL or 62 million USD.
Even in this case, 100% of the shares will be sold and according to the government, the last deadline is December 10th at 11:00. The Ministry of Economy tried to sell all four hydropower plants, but the tender failed after no offer was presented. This time the government changed the participation criteria by avoiding the qualifying phase and by reducing the guarantee value from 10 million EUR to 10% of the offer, hoping to close the sale successfully.
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