Prishtina, 31 January 2012 – The Government Privatization Committee (GPC) for KEDS, in its meeting today, in the presence of local and international monitors, approved the final bidding package and the transfer scheme, which has already received the consent of the prequalified investors (Elsewedy, Calik, Limak and Taib Bank) for the privatization process of KEK Electricity Distribution and Supply (KEDS).

The Bidding Package consists of five final documents, including; Bidding Rules, Share Purchase Agreement, Bulk Supply Agreement, Imports Agreement, and Implementation Agreement.

The International Financial Corporation (IFC), as transaction advisor, in cooperation with KEK, has also developed a Transfer Scheme from public to private, which has been adopted in Today’s meeting of the Government Privatization Committee, which includes the following agreements; Transfer Agreement, Shared Services Agreement, and the Old Debts Agreement.

We have to emphasize that all documents approved by the GPC have been subjected to 10 meetings of the Technical Group of Experts, and the majority of remarks and comments have been endorsed, by Energy Regulatory Office (ERO), KOSTT, KEK and other experts, local and international, hired in the KEDS Privatization Process, and the energy sector in the country.

The process is proceeding as per the agenda envisaged by the GPC, and it is expected that the bids will be submitted by the investors and that the selection the most favorable bid for the KEDS privatization will be completed soon.