TechNova Limited Liability Company is seeking to participate in the privatization of 60.773% stake of Open joint stock company Donbasenergo (UKR:DOEN). The tender conditions provide for a potential buyer of Donbasenergo to produce and distribute electric power during the last three calendar years that constitute at least 15% of Donbasenergo's production and supply over the same period. The bidder shall have the annual electricity generating capacity of 1,200 million kilowatt/hour.

Hence, TechNova complies with the requirements for Donbasenergo privatization. The possible bidders are the Donetskstal Group, Kharkiv combined heat and power production plant No 5, Coal Energy S.A and Zasiadko coal mine (Donetsk).