IMEPOWER Investment Group - About Us

[] About Us Group Profile About Us Services Contact Us Energy Sector Sector Overview Articles Power Projects Research Privatisation General Overview Legislation Share Allocation Oblenergo Sale Related Links © IMEPOWER Investment Group 2001. All rights reserved. IMEPOWER Mailing List Powered by eGroups IMEPOWER Investment Group is the Ukrainian consulting and investment group focusing primarily on reform and regulation of energy market, development of energy and infrastructure projects, investment banking, corporate finance, investment advisory, business consulting, privatisation, legal advice, capital market transactions, and engineering services. INEKO-Management and Energy Consulting Group (EnCoG) established IMEPOWER Investment Group in 2000. Other members of IMEPOWER are consulting firms IMEPOWER Consulting, Energy, EnCoG-Engineering, information technology firm Internet Projects, brokerage company Energy Capital, Corporation Eco-Energo-Engineering. Top managers of IMEPOWER Investment Group occupied high-level positions in the Ukrainian Government and were responsible for development of the concept of reform in the Ukrainian energy sector, restructuring of vertically integrated utilities and establishment of joint stock energy generating and distribution companies, creation of the Wholesale Electricity Market, attraction of private investments into the energy sector of Ukraine. Honorary President of IMEPOWER Investment Group is Alexey Sheberstov. INEKO-Management The company emerged in 1997 from investment banking and corporate finance departments of INEKO investment company. Specialists of the company have more than 10 years of transaction experience at the Ukrainian capital market and participated actively in the development of its institutional and legislative framework. The company was advisor to the State Property Fund and the Ministry of Fuel and Energy on privatisation of energy companies and implementation of investment projects in energy sector. Experts of the company took part in the development of the legislative framework for energy sector privatisation as well as the Draft State Privatisation Program for 2003-2008. INEKO-Management is financial, economic and legal advisor to the largest Ukrainian energy companies on the issues related to restructuring, corporatisation, privatisation, financial recovery, investments, corporate governance, bankruptcy, operations at the Wholesale Electricity Market, tariff policy, regulation, strategy development. The company was involved in implementation of large investment projects in the Ukrainian energy sector, including completion of construction of Dniester Hydro Pumped Storage Station (project value - 480 mln. $), Kanev Hydro Pumped Storage Station, Dobrotvir Thermal Power Station-2 (project value - 120 mln. $), reconstruction of Burshtyn TPS, reconstruction of Mironovskaya TPS, etc. INEKO-Management is a registered consultant on economic and legal issues with the National Electricity Regulatory Commission of Ukraine (NERC) as well as with the Board of the Wholesale Electricity Market (WEM). The company is also an accredited consultant with the Parliament Committee on Fuel and Energy Sector Committee, Nuclear Policy and Nuclear Safety. In 2003-2004, the company, on behalf of the WEM Board, prepared the Draft Law "On Repayment of Debts for Energy Resources" and coordinated the process of its public discussions and review by the Parliament. In 2002, experts of the company were the members of the Government Interagency Working Group responsible for development and implementation of the Concept of reformation and development of the Wholesale Electricity Market in Ukraine as well as of the Government Interagency Working Group responsible for resolution of the debt problem in the fuel and energy sector. Currently, experts of the company take active part in the operations of several official working groups dealing with implementation of the WEM Concept. During past years INEKO-Management served as financial, energy, legal and privatisation advisor to international energy companies such as Tractebel, Union Fenosa, AES Corporation, EDF International, FondElec Group, etc. Experts of the company have extensive experience of financial, legal and technical due diligence of Ukrainian energy companies, preparation of financial and tariff models. INEKO-Management has significant experience of participation in the international technical assistance projects financed by USAID, World Bank, European Commission/TACIS and other international financial organisations. In 1999-2003, the company was a major partner of Deloitte Touche Tohmatsu EMG in USAID-funded "Ukraine Energy Privatisation Support Project", which assisted the Government of Ukraine in privatisation of energy distribution companies, preparation of the debt restructuring strategy for the fuel and energy sector, evaluation of energy companies, preparation of recommendations for increase of their investment attractiveness, investor marketing. In 2002, INEKO-Management was contracted by the World Bank (with funding provided by PPIAF) to prepare the study "Strategic Issues on the Energy Sector Relating to Privatisation of Thermal Power Generation Assets in Ukraine". The company was responsible for detailed due diligence of core and non-core assets, evaluation of power generating companies, and preparation of recommendations for their restructuring and privatisation. In 2004, INEKO-Management and Energy Ltd. were selected by the Ministry of Economy and European Integration of Ukraine and the World Bank to provide assistance to the Ministry of Fuel and Energy of Ukraine in preparing the Comprehensive Financial Recovery Plan for the Energy Sector in the framework of the World Bank's Programmatic Adjustment Loan Program. Currently, INEKO-Management is a local subcontractor of the international consortium led by French company BCEOM in the TACIS-funded project "Support and Strengthen the Energy Market Reform and Assessment of the Energy Sector Sustainability" providing institutional support to the Ministry of Fuel and Energy and NERC. In 2001, INEKO-Management together with Energy Consulting Group EnCoG and Ukrainian International Currency Exchange developed the concept and mechanism of introduction of the exchange trading with derivatives (futures) for electricity that will be implemented in Ukraine in course of reformation of the energy sector. This concept was endorsed by the Board of the Wholesale Electricity Market of Ukraine. In 2002, INEKO-Management and Energy Consulting Group together with Association of Ukrainian Cogeneration Plants prepared the Strategy of Privatization of Ukrainian Combined Heat and Power Plants. In 2003-2004, INEKO-Management has prepared comprehensive corporate and financial restructuring plan for Donbassenergo power generating company aimed at separation and optimization of non-core assets, restructuring the company's debts and increasing overall efficiency of its operations. INEKO-Management has a license for legal practice ь 1-5412 issued on December 7, 1999 and can represent client interests as a law firm at the territory of Ukraine. We provide legal advice to our clients on corporate governance, investments, taxes, restructuring, corporatisation, privatisation, operations at the fuel and energy markets, as well as represent them in court hearings. Experts of the company have licenses of the State Property Fund for restructuring of enterprises and pre-privatisation preparation and licenses of the State Securities and Stock Market Commission for providing brokerage and asset management services. The company has been an organiser of the international conferences and presentations devoted to the energy sector of Ukraine, privatisation and investment opportunities. It also conducts public relations and investor relations campaigns on behalf of the clients. Not limiting its activities by energy sector, INEKO-Management has a significant experience of transactions in corporate and project finance, capital raising, asset management, mergers & acquisitions in such sectors as real estate, beverages, food processing, metallurgy, light industry, information technologies, etc. The company also has extensive track record of advising private companies and investment funds on participation in investment projects or acquisition of assets in Ukraine. 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. Specialists of the company have more than 30 years of energy sector experience. Top managers of Energy Consulting Group participated in development of the concept of reformation 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 energy distribution and energy generating companies. EnCoG was advisor to the Ministry of Fuel and Energy on the issues of the energy sector management and reform, privatisation and attraction of investments. Managers of EnCoG are members of the Advisory Council of the Ministry of Fuel and Energy of Ukraine, various Government Working Groups and Commissions responsible for the development of Ukrainian energy strategy and reformation of the Wholesale Electricity Market. The company has been a co-ordinator 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 "Island" and Odessa CHP, construction of back-to-back direct current station at the connection with UCTE system. The company has extensive track record in preparation of feasibility studies for the projects related to construction of new generating and transmission capacities or upgrade and rehabilitation of existing ones on behalf of European and Ukrainian energy companies. EnCoG was responsible for technical design of the projects, preparation of feasibility studies and investment memorandums, economic and technical assessment of the project's viability, development of investment schemes, negotiations with state agencies, potential investors and lenders, procurement and installation of equipment. 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 energy sector. EnCoG is accredited consultant of the Parliament Committee on the Fuel and Energy Sector, Nuclear Policy and Nuclear Safety. EnCoG is also a registered consultant on technical issues with the National Energy Regulatory Commission. EnCoG has the state licenses for design and construction works, including planning, engineering and assembling works as well as the license ь 43 of the State Committee of Ukraine on Energy Saving for conduction of energy inspections (energy audit). In 2001, EnCoG was recognised 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 Azot. EnCoG has significant experience of participation in the international technical assistance projects financed by USAID, European Commission/TACIS, World Bank and other international financial organisations. In 2002-2003, EnCoG was a local subcontractor of British Energy International NNC consortium in TACIS-funded project "Institutional Support of Energoatom National Nuclear Utility" where the company was involved in preparation of the corporate restructuring plan, evaluation of assets, preparation of recommendations for increase of efficiency of the company's operations, development of the corporatisation program. EnCoG took part in the World Bank's "Hydropower Rehabilitation and System Control Project" where the company was responsible for preparation of certain sections of the Project Implementation Completion Report on behalf of the local beneficiaries - Diprohydroenergo power generating company and National Dispatch Centre. In 2001-2002, EnCoG was co-ordinator of corporatisation of several Ukrainian Combined Heat Power Plants and advised them on optimization of their operations and ways to attract investments under existing framework of the Wholesale Electricity Market. In 2004, EnCoG performed technical and economic review of the investment project on rehabilitation and modernization of Chernigiv CHPP as part of the review of CHPP's tariff application by NERC. During past years EnCoG served as advisor to international energy companies such as Tractebel, Union Fenosa, EDF International, System Consulting, Czechpol Energy as well as to variety of Ukrainian energy generating and distribution companies on the issues related to functioning of Ukrainian energy sector. General Director of EnCoG is Vilen Semenuk. IMEPOWER Consulting The company is a newly created subsidiary of INEKO-Management responsible for participation in the technical assistance projects financed by international financial organizations and providing advice to private sector clients on investment opportunities in the energy sector of Ukraine. General Director of IMEPOWER Consulting is Yuri Kubrushko. Energy Capital Licensed securities broker and dealer (license AA N558349 issued by the State Commission on Securities and Stock Market), Member of PFTS over-the-counter Trading Association. Specialists of the company have more than 8 years of transaction experience at the Ukrainian capital market. They have extensive experience in such areas as brokerage, capital raising, asset management, equity research, and concentration of the majority equity stakes of enterprises from secondary market. Executive Director of the Energy Capital is Evgeny Snizhko. Corporation Eco-Energo-Engineering Founders of the Corporation are Energy Consulting Group, INEKO-Management, State Scientific-Technical Enterprise UkrEnergoEfficiency, Institute of Energy Saving and Energy Management NTUU (KPI), JSC Ukrenergorpom, and Landis & Gyr Ukraine. The Corporation conducts energy and environmental audit, develops recommendations on implementation of energy metering systems, energy saving technologies, management and automatic control systems, equipment protection devices. Managing Director of Eco-Energo-Engineering is Valeriy Khrushev. Energy The company is a newly created subsidiary of INEKO-Management responsible for providing advice to Ukrainian energy companies and state agencies on corporate governance, financial restructuring, tariff setting, regulation, operations at the Wholesale Electricity Market. General Director of Energy is Svetlana Tretyakova Internet Projects The company deals with computer design, WEB site development and marketing, programming, implementation of information technologies, preparation of annual reports, presentations, and advertisements. The company has developed WEB sites for Ukrainian energy companies such as Dniprohydroenergo, Centrenergo, Zakhidenergo and USAID-funded Ukraine Energy Privatization Support Project. General Director of Internet Projects - Antaliya Dovzhenko Last page update - 24 December 2004 Printer-friendly version