Ukrainian City of Ternopil to Boost Investment in Energy and Infrastructures, Partners With Earlybird Global and SRDB Law Firm
July 31 2024 - 5:35AM
Business Wire
On July 10, 2024, the city of Ternopil, represented by Mayor
Serhiy Nadal, has signed an investment memorandum with Earlybird
Global and SRDB Law Firm, both represented by Nabil Sioufi,
designed to attract international investors on three strategic
projects:
1. Combined Heating and Power (CHP) plant. 2. Water and
Wastewater Treatment Facilities. 3. Urban Solar Energy.
Earlybird Global, a US firm providing strategic advisory
services, led by Nabil Sioufi, is focusing on the modernization of
Ukraine. According to Nabil Sioufi, "It is a good time for
international partners and investors to seize the massive
opportunity offered by the modernization of Ukraine. Ternopil has
plenty of potential and an exemplary governance. Don’t wait the Day
of Victory to step forward. Some projects start now."
Ternopil is a western Ukraine city with a fast-growing
population, now around 250,000 people, and an increasing need for
infrastructure and utilities. Mayor Serhiy Nadal declared,
“The resilience of communities and the strength of Ukrainians are
key to the Victory. The Ternopil community has been a very active
participant in international programs. Energy independence is
especially important for Ternopil in this challenging time. We look
to the future with the signing of the investment memorandum which
will allow us to implement strategic modernization projects.”
Georges Sioufi, head of SRDB Law Firm, highlighted, “We
enjoy working with a new generation of Ukrainian leaders resolutely
oriented towards international cooperation – and the IMF praises
the exceptional resilience of the Ukrainian economy of the three
last years.”
The focus of the memorandum is on three major
investments:
- Building a CHP plant with a capacity up to 70 MW to supply
municipal heat and generate electricity.
- Modernizing the Water and Wastewater Treatment Facilities,
under a PPP (Public Private Partnership) agreement.
- Developing Urban Solar Energy on the rooftops of residential
buildings managed by the city, and of public buildings.
Nabil Sioufi added, “We are already approaching private
corporations, international financial institutions, and European
and US agencies.”
Dr Jean-Luc Poget, senior partner at Earlybird Global and
currently Green Economy Policy Advisor to the government of
Uzbekistan, commented, “Two years ago, Ukraine took the powerfully
transformational road of EU candidacy, engaging in regulatory and
institutional alignment with the European Union.”
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Nabil Sioufi President of Earlybird Global +1 (702) 683-3206
nsioufi@earlybird.global