Turboatom with Electrotyazhmash will both be sold.

The Cabinet of Ministers has now included Turboatom, 75.22% of which is state-owned, in the list of companies for privatization. The state-owned Electrotyazhmash Plant will be included in the current privatization campaign. Both companies are based in Kharkiv. Turboatom, which the government has excluded from privatization in January 2019 is to be renamed “Ukrainian Power Machines”. It’s the only Ukrainian manufacturer of turbine equipment for hydro, thermal, and nuclear power plants. Electrotyazhmash specializes in the production of powerful hydro generators, turbine generators for thermal power plants and nuclear power plants, electric motors for drives of rolling mills, mine hoists, traction electrical equipment for railway and urban transport.