Government approves creation of joint-stock company Guaranteed Buyer

On 10 December, the Cabinet of Ministers of Ukraine approved the resolution “On the transformation of the state enterprise (SE) Guaranteed Buyer” into a joint-stock company (JSC) of the same name. 100 per cent of the company’s shares will continue to be owned by the state.

The decision was taken as part of the implementation of the government action plan aimed at renewing the composition of supervisory boards of enterprises in the fuel and energy sector.

The resolution approves:

• the charter of JSC Guaranteed Buyer;
• the principles for forming the supervisory board of the company;
• the regulations on the supervisory board of JSC Guaranteed Buyer;
• the decision on the issue of the company’s shares.

The duties of the head of the company’s executive body are assigned to the current head of the enterprise.

Guaranteed Buyer is an enterprise that acts as an intermediary in the electricity market, ensuring the purchase of electricity from producers (particularly “green” power stations) at the “green tariff” and supplying it to households and other consumers in order to support the development of renewable energy and the stability of the energy system.