Assessment of options for private sector participation in Dniester Hydro Pumped Storage Power Plant construction

Name: Assessment of options for private sector participation in Dniester Hydro Pumped Storage Power Plant construction
Project Director: Valeria Kulagina
Senior Financial Experts: Olga Gruzhinskaya, Oleksii Romanov
Senior Legal Expert: Oleg Dovzhenko
Client: OJSC Dniester HPSP
Funding source: OJSC Dniester HPSP
Duration: 1998-2007
Description: advice on attraction of investments for completion of the plant’s construction, establishment of project company and follow-up corporate development support, advice on legal and regulatory aspects of HPSP functioning, preparation of the financial model for calculation of the plant’s tariffs in line with the procedures of the National Electricity Regulatory Commission
Tasks/activities performed:

• project structuring, exploring possible PPP options
• analysis of possible project financing schemes and options
• establishment of project company in the form of open joint stock company
• development of the project implementation scheme
• preparation of investment memorandum, financial and tariff models
• advising on the electricity market regulatory, pricing and settlement system
• participation in negotiations with potential investors and state agencies (State Property Fund, NERC, Ministry of Fuel and Energy)
• drafting of contracts, including long-term power purchase agreement.