14 Sep 2009 18:32

Rostov region auctions minority stakes in Enel OGK-5 and TGK-5 to private individual

ROSTOV. Sept 14 (Interfax) - The Rostov Regional Property Fund sold its stakes in the OJSC Enel OGK-5 and OJSC TGK-5 generating companies to a private individual at a public auction on September 14, 2009, a fund representative told Interfax.

The fund offered 5,581 common shares in Enel OGK-5 (0.00001577% of issued shares) at a starting price of 6,356.2 rubles; and 184,239 common shares (0.000015%) in TGK-5 at a starting price of 1,454 rubles.

The fund representative declined to disclose the buyer until the shares are signed over. "The winner will pay around 8,000 rubles for the two lots," it said, adding that two individuals bid at the auction.

It was earlier reported that Rostov Region plans to sell its minority stakes in OGK-5 and TGK-5 as part of plan to privatize its state ownership in 2009.

Enel OGK-5, registered in Yekaterinburg in October 27, 2004, includes the Konakovskaya, Nevinnomysskaya, Sredneuralskaya and Reftinskaya district electricity stations (GRES) with installed capacity of 8,700 megawatts. Enel owns 56% of shares.

TGK-5 was registered on March 22, 2005. It includes eleven combined heat and power plants in the republics of Chuvashia and Udmurtia, the Kirov region and Marii-el with capacity of 2,467 megawatts. Ih