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Bill on the transformation of Energoatom into JSC without right to privatization registered in Rada
KYIV. Sept 23 (Interfax-Ukraine) – Bill No. 8067 on the joint-stock company National Nuclear Generating Company Energoatom was registered on Thursday in the Verkhovna Rada.
According to an explanatory note, the bill is aimed at establishing the legal, economic and organizational foundations of the formation and functioning of the Joint-Stock Company National Nuclear Generating Company Energoatom through the reorganization (transformation) of the state-owned enterprise National Nuclear Generating Company Energoatom.
The document determines the procedure for the formation and functioning of JSC National Nuclear Generating Company Energoatom, 100% of the shares of which belong to the state.
"The bill … establishes the procedure for the formation of the charter capital of the company, the functioning of the company, restrictions related to ensuring the preservation of the corporate rights of the state, property of nuclear power plants, nuclear materials and objects intended to handle radioactive waste," the authors of the bill said.
According to the document, the founder of the company is the state represented by the Cabinet of Ministers of Ukraine, who makes a decision to create a company and manages the state corporate rights of JSC.
The bill provides that the shares acquired by the state as a result of the formation of the company are not subject to privatization.
"The implementation of the bill will make it possible to fulfill the international obligations of Ukraine and create a joint-stock company of the public sector of the economy. As a result, to increase the effectiveness of the functioning of the energy industry of Ukraine and the competitiveness of the Ukrainian nuclear installation operator," the initiators of the bill said.
The bill entrusts the Cabinet of Ministers within two months to decide on the creation of a company from the date of entry into force of this law.
Also, the Cabinet of Ministers shall ensure the full composition of the supervisory board of the company from the date of public registration of the company within a six-month period from the date of state registration of the company.