LAW OF THE REPUBLIC OF MOLDOVA

of June 25, 1998 No. 63-XIV

About the Concept of privatization of the companies of electric utility sector

In pursuance of the Law on the Privatization program for 1997-1998

The parliament adopts this ordinary law.

Art. 1. - Approve the Concept of privatization of the companies of electric utility sector provided by the Government which is integral part of this law.

Art. 2. - To provide to the government till October 1, 1998 individual projects of privatization of the companies of electric utility sector in which to provide sources and methods of repayment of debts.

Appendix

to the Law No. 63-XIV of June 25, 1998

Concept of privatization of the companies of electric utility sector

This concept provides privatization on the basis of the Law on the Privatization program for 1997-1998 of eight companies of electric utility sector - joint-stock companies:

"Centrala Electrica de Termoficare nr.1" (Combined heat and power plant N 1);

"Centrala Electrica de Termoficare nr.2" (Combined heat and power plant N 2);

"Centrala Electrica de Termoficare Nord" (Northern combined heat and power plant);

"Retelele Electrice de Distributie", мун. Chisinau (Distribution networks мун. Chisinau);

"Retelele Electrice de Distributie Centru" (Central distribution networks);

"Retelele Electrice de Distributie Nord" (Northern distribution networks);

"Retelele Electrice de Distributie Nord-Vest" (Northwest distribution networks);

"Retelele Electrice de Distributie Sud" (Southern distribution networks).

The concept proves need of restructuring and privatization of the specified companies, represents the purposes, strategy and methods of implementation of privatization.

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