OREANDA-NEWS. May 28, 2008. State commission for conducting tenders on the sale of the state property to the foreign investors announced prolongation of the deadline for receiving Bids till June 24, 2008 of the previously announced tender for the sale of 35,55% share of JSC “Uzbekcoal”, reported the press-centre of State commission for conducting tenders on the sale of the state property.

1 045 853 (one million forty five thousand eight hundred fifty three) shares of common stock of JSC "Uzbekcoal" constituting the aggregate of 35,55% of the Company's total issued shares are being offered for sale.

JSC "Uzbekcoal" is located in Angren city of Tashkent region and was established in 1948. The main directions of enterprise activity are mining and refining of coal and other associated minerals.

Starting bidding price of the pack of shares is not less than 30 579 800 (thirty million five hundred seventy nine thousand eight hundred) US dollars.

The investment needs of the Company constitute the amount of 232 000 000 (two hundred thirty two million) US dollars.

Investors interested in participating in the Tender must submit a properly completed Application form for participation and Confidentiality Statement. With the inquiries please contact to the address given below.

The package of Bidding Documentation which includes Information Memorandum, Tender Rules, Bid Form can be obtained upon presenting to Enterprise Institution Building Bureau the filled in and signed Application form and Confidentiality Statement along with a copy of the proof of payment.

The price of the package of the bidding documents constitutes 2 000 (two thousand) US Dollars, which are to be transferred to either of the accounts stated below.
 
USD Account: 20203840500600289001
UZS Account: 20203000600600289001
in the JICB "Ipak Yoli"
TIN 201122696, bank code 00444
S.W.I.F.T. code: INIPUZ22
 
Tender participants within given period of time shall submit a package of Tender Bid, containing two envelopes: the first envelope - "Legal Authority and Qualification Information" and the second envelope - "Financial Proposal" to the address, indicated below. The selection of winner will be carried out in two stages:

1. Opening of the first envelope by the authorized commission and submission the materials to the Interdepartmental Working Group for estimation of conformity of tender participants to the qualification requirements, presented to strategic investors;

2. Opening and estimation of financial proposals of the qualified participants by the Interdepartmental Working Group and submission of the results to the State Tender Commission for determination of the winner.

At that, the preference will be given to the tender participant, which conforms to qualification criteria, ready to offer the highest bid for the 35.55% of shares of the Company and take upon the highest value of investment obligations based on the investment needs of the Enterprise.

The Bid submission deadline expires at 12 a.m. Tashkent time on June 24, 2008.

Opening of the first envelope of the Tender Bids will be held in the Meeting Hall of the State Property Committee of the Republic of Uzbekistan (5th floor) at 4 p.m. Tashkent time on June 24, 2008. Opening of the second envelope will be held after estimation of conformity of tender participants to the qualification requirements at the meeting of Interdepartmental Working Group.

Tender participants or their authorized representatives, which have submitted Tender Bids in accordance with established procedure, have the right to participate at the opening of the packages with Tender Bids.

For all issues related to the tender, please contact:

EIBB, Enterprise Institution Building Bureau

State Property Committee Bldg., room 15.01

Uzbekistanskaya ave., 55

100003 Tashkent, Uzbekistan

Attention: Mr. Sa'dullakhon Nabikhanov

Director General

Tel: (+998 71) 139 22 23

Fax: (+998 71) 139 21 42

Email: eibb@tps.uz