750 kV power transmission line reconstruction project

Name: 750 kV power transmission line reconstruction project
Project Director: Yuri Kubrushko
Deputy Project Director: Olga Gruzhinskaya
Senior Financial Experts: Olga Gruzhinskaya, Oleksii Romanov
Senior Legal Experts: Liliya Surzhenko, Oleg Dovzhenko
Client: Consortium South Energy Company (Odessa)
Funding source: European investor
Duration: 2007-2009
Description: structuring of the PPP between transmission system operator Ukrenergo and private European investor for reconstruction of 750 kV high voltage transmission line South Ukrainian NPP-Isaccea, establishing JV between TSO and investor in the form of Consortium, “turn key” institutional support to the Consortium
Tasks/activities performed:

  • institutional and corporate development support to the Consortium
  • drafting of accounting manuals for bookkeeping of the Joint Activity operations
  • weekly financial reporting to the Consortium’s founders
  • project structuring as Joint Activity between TSO, investor and the Consortium
  • establishment of the Consortium as joint venture (project) company between TSO and investor
  • getting approvals from the Ministry of Fuel and Energy and Antimonopoly Committee
  • recruitment of the Consortium’s management team
  • supervision of the project implementation
  • supervision of the Consortium’s financial operations
  • preparation of financial model of the project
  • drafting of the Consortium’s statutory documents and internal procedures
  • legal advising to the Consortium’s staff on legal and regulatory issues
  • arrangement of procurement process in line with effective local regulations and international best practice
  • drafting of contracts with service providers (design works, land allotment, etc)
  • development of the “stage-by-stage” project development and implementation road map with identification of key permits and licences to be received at each stage
  • review of electricity market and regulatory framework in Ukraine, Moldova, Romania and Hungary
  • drafting of the power purchase agreement with generation plant in Moldova
  • legal support of negotiations with Romanian and Hungarian TSOs
  • development of electricity export scheme with target markets being Romania and Hungary
  • coordination of work on land allocation (lease, servitude agreements with more than 800 land owners)
  • coordination of the process of receiving licenses and permits necessary for construction of the HVL (Ukraine and Moldova).

750 kV power transmission line reconstruction project

Team members: