OREANDA-NEWS  On 11 November was announced, that the Kyivenerho company (KIEN), which supplies heat energy and electricity in Kyiv, failed to hold a tender to select a financial institution for attraction a credit line of UAH 50 million and USD 10 million due to lack of submitted bids.

The trading was not held because of less than two tender offers submitted.

Such decision was made by the company on October 14.

On September 22, Kyivenerho announced tender for selection of financial institutions to attract a loan for one year.

The tender had two lots, the first lot envisaged attraction of UAH 50 million and the second lot - USD 10 million.

The tender bids were planned to be opened on October 7.

The company ended 2007 with profits of UAH 6.149 million, having increased its net revenues by 40.83% or UAH 1,340.535 million, compared to 2006, to UAH 4,624.091 million.

A 50%+1 stake in Kyivenerho belongs to the state and is in the statutory fund of the Energy Company of Ukraine; 12.73% is owned by the Kyiv city council, 12.73% - to the Trelodia Investments Ltd. (Cyprus).