About Us

 Group Profile
About Us
Services
Contact Us

 Energy Sector
Sector Overview
Articles
Power Projects

© IMEPOWER Investment Group
2001-2008. All rights reserved.

IMEPOWER Investment Group is the consortium of several Ukrainian consulting companies focusing primarily on development of energy and infrastructure projects, advice on reform and regulation of energy market and natural monopolies, corporate finance and privatization transactions, strategy consulting, legal advice, financial restructuring, engineering services.

Members of IMEPOWER Investment Group are INEKO-Management, Energy Consulting Group, IMEPOWER Consulting, Energy and EnCoG-Engineering.

Founding partners of IMEPOWER Investment Group occupied high-level positions in the Ukrainian Government and were responsible for reform of the Ukrainian energy sector, restructuring of vertically integrated utilities, establishment of joint stock power generating and distribution companies, creation of the wholesale electricity market, attraction of private investments into energy sector.

INEKO-Management
The company emerged in 1998 from corporate finance and research departments of INEKO Investment Company. Specialists of the company have more than ten years of transaction experience at the Ukrainian capital market and participated actively in the development of its institutional and legal framework.

INEKO-Management has been advisor to the State Property Fund and the Ministry of Fuel and Energy on privatization of power generating and distribution companies and implementation of investment projects in energy sector. Experts of the company participated in developing the legal framework for privatization in energy sector.

INEKO-Management has been registered as consultant on economic, financial and legal issues with the National Electricity Regulatory Commission (NERC) and the Board of the Wholesale Electricity Market (WEM). The company is also an accredited consultant of the Parliament Committee on Fuel and Energy Sector, Nuclear Policy and Nuclear Safety.

INEKO-Management has been financial, economic and legal advisor of the largest Ukrainian energy companies such as nuclear utility Energoatom, gas monopoly company Naftogas of Ukraine, transmission system operator NEC Ukrenergo, thermal power generating companies Centrenergo, Donbassenergo, Zakhidenergo and Vostokenergo, hydro utility Ukrhydroenergo, various power distribution and supply companies in such areas as strategy development, structuring and development of investment projects, corporate governance, financial recovery, bankruptcy, operations at the WEM, tariff policy, licensing.

INEKO-Management has been involved in structuring large investment projects in the Ukrainian power sector, including completion of construction of Dniester Hydro Pumped Storage Station (project value - $600 million), construction of the Back-to-back Station at the connection with UCTE system (project value - $200 million), construction of Dobrotvir Thermal Power Station-2 (project value - $120 million), reconstruction of 750 kV line from the South Ukrainian NPS to Isaccea (Romania), reconstruction of Burshtyn TPS, rehabilitation of Mironovskaya TPS, reconstruction of Kharkiv CHPP-5, etc.

INEKO-Management has served as strategy, privatization and investment advisor to international energy companies such as AES Corporation, CEZ, Contour Global, EDF International, EMFESZ, FondElec Group, Independent Power Corporation, RAO UES, Tractebel, Union Fenosa International and others. Experts of the company have extensive experience of financial, economic, technical, legal and regulatory due diligence of Ukrainian power and heating companies, preparation of financial and tariff models, valuation of companies, preparation of the feasibility studies of investment projects.

INEKO-Management has been involved in preparing independent project reviews and company due diligence for international lenders, including EBRD, ADB and leading European investment banks, in the course of negotiating provision of loans to energy companies in Ukraine, Moldova and Kazakhstan.

INEKO-Management has significant experience of participation in the technical assistance projects funded by the World Bank, EBRD, USAID, European Commission and other international financial organizations.

INEKO-Management represents client interests as a law firm at the territory of Ukraine. We provide legal advice on corporate governance, investments, taxes, financial restructuring, privatization, capital market transactions, functioning of energy markets, perform procurement and project implementation support as well as represent clients in court hearings.

Experts of the company have licenses of the State Property Fund for restructuring and pre-privatization preparation of enterprises and licenses of the State Securities and Stock Market Commission for brokerage and asset management services.

The company has been an organizer of several international conferences and presentations of reforms in the energy sector of Ukraine, privatization and investment opportunities.

Founder and General Director of INEKO-Management is Dr. Valeria Kulagina.

Energy Consulting Group (EnCoG)
Three former Ministers of Energy of Ukraine founded the company in 1996. Key experts of the company have more than 30 years of energy sector experience. Top managers of EnCoG participated in development of the concept of reform and restructuring of the Ukrainian energy sector in 1993-1998, preparation of the Electricity Law, development of legal and normative framework of the Wholesale Electricity Market operations, establishment of power distribution and generating companies.

EnCoG was advisor to the Ministry of Fuel and Energy on the issues of energy sector management and reform, privatization and attraction of investments. EnCoG's partners have been members of the Advisory Council of the Ministry of Fuel and Energy, various Government working groups and commissions responsible for the development of Ukrainian Energy Strategy and WEM reform.

EnCoG is a registered consultant with the Parliament Committee on the Fuel and Energy Sector, Nuclear Policy and Nuclear Safety. EnCoG has been also registered expert on technical issues with the National Electricity Regulatory Commission.

EnCoG has been involved in structuring and implementation of the largest Ukrainian energy projects, including completion of construction of Dniester Hydro Pumped Storage Station and Dobrotvir Thermal Power Station-2, reconstruction of Burshtyn TPS, construction of the Back-to-back Station at the connection with UCTE system, etc.

EnCoG has extensive track record in preparing feasibility studies for the projects on construction of new power generating and transmission capacities or upgrade and rehabilitation of existing ones on behalf of the European and Ukrainian energy companies. The company has been responsible for complete supervision of the project implementation, including technical design, preparation of feasibility studies and investment memorandums, development of investment schemes, negotiations with the state agencies, potential investors and lenders, procurement and installation of equipment, supervision of construction works.

EnCoG is the author of the Concept of Ukrainian electricity export expansion and the Concept of development and implementation of automatic commercial energy metering systems in the Ukrainian power sector.

EnCoG has the state licenses for design and construction works, including planning, engineering and assembling works as well as the license № 43 of the State Committee of Ukraine on Energy Saving for conduction of energy inspections (energy audit). In 2001, EnCoG was recognized the Best Energy Audit Firm of Ukraine by the State Committee on Energy Saving. The company has significant experience of energy audit of large Ukrainian industrial enterprises and energy companies, including largest Ukrainian oil company Ukrnafta and chemical plant Severodonetsk Azot.

EnCoG has served as advisor to international energy companies such as AES Corporation, EDF International, System Consulting, Tractebel, Union Fenosa International as well as to various Ukrainian power generating and distribution companies on the technical issues related to functioning of the Ukrainian energy sector. EnCoG also has significant experience of participation in the international technical assistance projects financed by USAID, European Commission, EBRD, World Bank and other international financial organizations.

Founder and General Director of EnCoG is Alexey Sheberstov.

IMEPOWER Consulting
The company is a subsidiary of INEKO-Management participating in the technical assistance projects financed by international financial organizations and providing advice to private clients on investment opportunities and strategy in the energy sector of Ukraine, privatization, corporate finance, development of energy and infrastructure projects. The company has significant track record of performing due diligence of power distribution and generating companies as well as preparing feasibility studies of investment projects.

Founder and General Director of IMEPOWER Consulting is Dr. Yuri Kubrushko.

Energy
The company is a subsidiary of INEKO-Management providing advice to Ukrainian state agencies and energy companies on the various aspects of their operations, including corporate governance, licensing, tariff setting, financial restructuring, functioning of the Wholesale Electricity Market.

General Director of Energy is Svetlana Tretyakova.

EnCoG-Engineering
The company is a subsidiary of EnCoG performing various advisory assignments in energy sector and providing services related to the energy audit of industrial enterprises. The company has been also involved in trading of energy equipment.

General Director of EnCoG-Engineering is Valeriy Khruschev.


Last page update - 2 April 2008

Printer-friendly version

BackContact UsWrite us now !Top of page