After three weeks of full silence, since when the tender was held, the
Bid Evaluation Committee has announced the preliminary results for the
Albpetrol privatization tender.
“Ranked first in the list is Vetro Energy”, declared Sokol Dervishaj, Deputy Minister of Energy.
According to him, the Commission has verified the entire respective documentation and the offer that is ranked first fulfills all financial criteria and guarantees.
“Our main requests were about this company, because of its position in the process and the high bid. We have asked the entire cooperation correspondence, the original documents, its financial capacities and the relations that it will have with its main share holders”, Dervishaj declared.
The Vetro Energy Consortium, which was ranked first by offering 850 million EUR for the purchase of Albpetrol is composed of two companies. The first is an American investment fund, “Silk Road”, which holds 49% of the shares. The other company is “Hypo Oil”, which will gave 51% of the shares. Mr. Dervishaj says that the two companies fulfill the strategic criteria, because they have experience in the energy area.
“But what happens after the announcement of the preliminary result? The Commission will present the report within 5 days, with the evaluation of the Council of Ministers, which approves it.
“Within five days, each of the companies has the right to appeal against this evaluation. After this, the final report of the Commission will be concluded and will be sent over to the Council of Ministers. After that we will start the negotiation of the agreement, and the company that has own the right of this negotiation must freeze 20% of the agreement value in a bank account”, the Deputy Minister declared.
Dervishaj says that according to the law, the agreement is signed one month after the Council of Ministers decision, and the company will make the 850 million EUR payment right afterwards.
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