State Commission for Conducting Tenders on the Sale of State Property to Foreign Investors, based on the Presidential Resolution No.PP-672 as of 20 July 2007, has announces a public tender for the sale of 47% shares of Toshkent Issiklik Elektr Markazi (heat-and-power centre) JSC.

The tender for Toshkent Issiklik Elektr Markazi is for the sale of 98,228 shares of common stock constituting the aggregate of 47% of the enterprise's total issued shares.

Toshkent Issiklik Elektr Markazi JSC is located in Tashkent city and was established in 1935. The main activity of the enterprise is generating electricity and heat for national economy of the Republic of Uzbekistan.

Starting bidding price of the pack of shares is not less than USD 7.35 million. The investment needs of the enterprise constitute the amount of USD 135.7 million.

During tender the preference will be given to the strategic, acknowledged and specialized in this industry tender participant ready to offer the highs bid for above mentioned state assets (shares) and undertake the investment obligations, which are to be exceed the enterprises investment needs.

Uzreport.com