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State commission for conducting tenders on the sale of the state assets to the foreign investors


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INVITATION TO TENDER
STATE COMMISSION FOR CONDUCTING TENDERS ON THE SALE OF THE STATE ASSETS TO THE FOREIGN INVESTORS
based on the Resolution of the President of the Republic of Uzbekistan #PP-29 dated March 14, 2005 and with the participation of the investment company FINAM (Russia) as the Financial Advisor, hereby announces
the Open Tender for Privatization Sale of the 39% Share Package of the

Joint Stock Company “FERGANA TEC”



291 021 (two hundred ninety one thousand twenty one) shares of common stock of the JSC “FERGANA TEC” constituting the aggregate of 39% (thirty nine) of the Company’s total issued shares being offered for sale. Starting bidding price for the said package of shares is not less than 14 197 800 (fourteen million one hundred ninety seven thousand eight hundred) US Dollars. At that, the preference will be given to the company ready to offer the highest bid for the 39% of shares of the JSC “FERGANA TEC”.

The main activities of JSC “Fergana TEC” are heat and power generation. JSC “FERGANA TEC” is practically single electric power enterprise in Fergana valley with installed electric power 305 Megawatt. JSC “Fergana TEC” is one of sources of power and heat supply of housing and communal sector and industrial enterprises of Fergana region. The main consumers of heat and electric power are Margilan industrial center, Fergana refinery plant, JSC “Fergana Azot”, Fergana chemical fibers plant and housing and communal sector of Fergana city and its suburb.

Annual volume of electric power generation to the united power grid of Uzbekistan is 560 million Kw.h., supplying of heat power is 2300 thousand Gcal.

Investors interested in participating in the tender shall first submit a properly completed and signed Application for participation and Confidentiality Statement. With the inquiries please contact one of the addresses indicated below.

The Tender Documentation package including Information Memorandum, Tender Rules, Bid Form can be obtained upon payment made for it, by presenting to Case-by-Case Privatization Bureau the completed and signed Application and Confidentiality Statement together with a copy of the document confirming the payment effected.

The Tender Documentation can be purchased till the date of May 15, 2005.

The Bid Submission Deadline is June 15, 2005.

For all issues related to the tender, please contact:




The Work Body of the State Property Committee:
CCPB, Case-by-Case Privatization Bureau

State Property Committee Bldg., 17th Floor

Uzbekistanskaya str. 55

700003 Tashkent, Uzbekistan


Attention: Mr. Ulugbek Vahabov
Director General
Telephone: +998 (71) 139 22 51

Fax: +998 (71) 139 22 79

Email: ccpbuz@tps.uz


Financial Adviser:
Investment company “FINAM”

20 Dayev side str., Business center “Dayev Plaza”, office #2.16, 103045

Moscow, Russian Federation,
Attention: Mr. Nikolay A. Fomintsev

Head of strategy and business

development Department

Telephone: + 7 (095) 204 8140, 204 8378



Fax: + 7 (095) 204 81 07
Email: fomintsev@finam.ru




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