The Close Corporation Energy Service Company of Rivne (ESCO-Rivne) was legally registered on November 2003 in the framework of UNDP / GEF project "Climate Change Mitigation in Ukraine through Energy Efficiency in Municipal District Heating" realization in Rivne. The shareholders of ESCO-Rivne are the DHC "KomunEnergia" (
http://www.komunenergia.com.ua) and CE "Misksvitlo". These communal enterprises formed the Statutory Fund of ESCO-Rivne:
- The District Heating Compamy "KomunEnergia" (controlled by and reporting to Oblast Administration), 49.53% of stock shares;
- The Municipal Enterprise "Misksvitlo" (controlled by and reporting to Rivne municipality), 50.47% of stock shares.
December, 2004 "ESCO-Rivne" founders/stockowners made a decision to sell 10 % of shares to "ESCO-Rivne" staff. In the issue 7 workers are "ESCO-Rivne" stockholders.
The Statutory fund (authorized initial capital) came to 267 500.00 hryvnas (approximately USD 50'000.00).
| ESCO-Rivne Founders/stockowners |
No of Stocks |
Shares |
| DHC "KomunEnergia" |
48 |
44,86% |
| CE "Misksvitlo" |
49 |
45,79% |
| ESCO-Rivne staff |
10 |
9,35% |
| Total: |
107 |
100.00% |