We provide comprehensive advice to international strategic investors in energy sector:

• development of investment and market entry strategies
• due diligence and asset valuation
• investment project structuring and implementation
• preparation of market and sector studies and forecasts
• development of risk mitigation schemes, legal advice
• privatization

The following companies were among our clients: AES Corporation, CEZ, Contour Global, Electricite de France, Enel, Inter RAO UES, Tractebel, Union Fenosa.

We provide support to companies trying to develop projects in energy sector:

• identification of project opportunities
• preparation of feasibility studies
• negotiations with the state agencies, contract drafting
• project design works
• project implementation support, including procurement, permits and licenses

We helped the following companies with development of “green field” and “brown field” projects: ADP, EMFESZ, Independent Power Corporation, S4E, System Consulting.

We were involved in structuring and implementation of the largest investment projects in the Ukrainian power sector: construction of Dniester Hydro Pumped Storage Station (project value – $900 million), construction of the Back-to-back Station at the connection with the UCTE (project value - $250 million), construction of Dobrotvir Thermal Power Station-2 (project value – $150 million), reconstruction of 750 kV line from Moldova TPP to Isaccea (project value - $150 million), reconstruction of Burshtyn TPS (project value - $100 million, reconstruction of Kharkiv CHPP-5 ($100 million), construction of CCGT plant in Schelkino ($700 million).

We serve as independent experts to international banks lending money to energy sector companies and projects and help them with:

• independent project assessment (technical, financial, commercial, regulatory, legal, environmental aspects)
• review of legal and regulatory framework, identification of major risks
• forecast of energy sector development, including prices and tariffs

We worked with the following banks in Ukraine, Moldova and Kazakhstan in the course of our operations: Asian Development Bank, European Bank for Reconstruction and Development, Korean Export Import Bank, Raiffeisen, UniCredit, World Bank.

We have significant track record of advising the Ukrainian state authorities on a wide range of issues, including:

• energy sector restructuring
• reform of electricity and gas markets
• development of regulatory framework, drafting laws and normative documents
• privatization and public private partnerships
• financial restructuring

The following state authorities were our clients and partners: Ministry of Fuel and Energy, Ministry of Coal Industry, National Electricity Regulatory Commission, Parliament Fuel and Energy Sector Committee, State Nuclear Regulatory Committee, State Property Fund, Wholesale Electricity Market Operator.

We have great track record of advising the Ukrainian energy companies from power, gas, coal, heating and waste treatment sectors on:

• corporate governance and reorganization
• financial recovery, debt restructuring, bankruptcy
• structuring investment projects and attraction of investments
• advice on operational and commercial aspects, including tariff setting and licensing
• improvement of regulatory framework, drafting laws and regulations
• energy audit, advice on technical issues

We advised more than 30 Ukrainian companies, including: Centrenergo, Crimean Generating Systems, Dniester Hydro Pumped Storage Plant, Dniproenergo, Donbasenergo, Donetskoblenergo, Energoatom, Kharkiv CHP-5, Krymenergo, Kyivoblenergo, Naftogas of Ukraine, NEC Ukrenergo, Skhidenergo, Ukrecocomresources, Ukrhydroenergo, Ukrnafta, Zakhidenergo, Zhytomyroblenergo.

We have significant experience of technical assistance projects financed by the following international donor organizations:

• European Bank for Reconstruction and Development
• European Commission
• USAID
• World Bank

Our partners in these projects were international consulting and engineering companies, including: AF Consult, AMEC NNC, BCEOM, CESI, Deloitte Touche Tohmatsu EMG, EDF Engineering, Fichtner, Kantor.

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