OREANDA-NEWS. November 23, 2010. The State Property Fund (SPF) considers the GenCos to be the main privatization objects in 2011-2012, the chairman of the Fund, Mr. Alexander Ryabchenko announced Nov 22. According to Mr. Ryabchenko, the privatization of the GenCos and the DisCos will last 2 years vs previously scheduled 4 years (2010-2014).

Millennium Capital sees the news as NEUTRAL for Gencos. Previously, the SPF announced the privatization of one of the generating companies (DNEN or ZAEN) to take place prior to year end 2010 but the case lags behind and it is obvious the progress on big sector privatizations will not be as quick as authorities claimed just only recently.