Broad Street Capital Group Named Exclusive Financial Advisor of $120 million Ukraine Power Plant Project.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Broad Street Capital Group announced today its appointment as the exclusive financial advisor to State Enterprise Production Association Southern Machine-Building Plant named after A.M. Makarov (PA Yuzhmash) in the reconstruction of a combined heating and power plant (CHP CHP Chapter CHP Combined Heat and Power CHP California Highway Patrol CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party) CHP Chemical Hygiene Plan (OSHA) CHP Community Health Plan ) in the Ukraine. The estimated $120 million project will be developed in Dnipropetrovsk and will be financed through a combination of senior debt from commercial banks and international financial institutions, export trade finance, carbon credits and government funding. "We are delighted to have been selected as the financiers for this extraordinary project," stated Alexander M. Gordin, Managing Director of Broad Street Capital Group. "Not only is this project a fine example of energy efficiency and industrial modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, taking place in Ukraine, but it is also a tremendous illustration of US-Ukrainian commercial cooperation," continued Mr. Gordin. "We are confident that our international merchant banking expertise coupled with our extensive experience in financing complex state-owned industrial projects will be pivotal to the success of this exciting venture." At an invitation-only ceremony this afternoon at the Premier Palace Hotel in Kiev, the Management of PA Yuzhmash revealed that once completed, the CHP will have a power generation capacity of 122MW. This significantly increased output will allow for the servicing of the electrical needs of the approximate 200,000 residents of Dnipropetrovsk as well as generate substantial electrical energy capacity to sell into the electrical grid and will create a self-sufficient plant providing all of CHPs energy needs. Featuring state-of-the-art gas turbines from one of the world's leading manufacturers, the power plant will be gas fired, and will also provide for the use of alternative fuels such as coal or biomass. In addition to its role as the exclusive financial advisor to the management of Yuzhmash CHP project, Broad Street Capital Group has been awarded a $696,000 contract supported by a United States Trade and Development Agency The United States Trade and Development Agency is an independent agency of the federal government of the United States.[1] Its stated mission is to "advance economic development and U.S. commercial interests in developing and middle-income countries". grant of $556,929 to perform the technical, economic and financial feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. to be used by the project sponsors to determine the best allocation of resources allocation of resources Apportionment of productive assets among different uses. The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. and provide detailed project information to potential lenders, equity investors and government officials. Bridgestone Associates Limited, an energy service firm based in Chadds Ford Chadds Ford: see Brandywine, battle of the. , Pennsylvania, has been selected as the engineering consultant on the feasibility study project. About Broad Street Capital Group Based in the heart of the financial district of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Broad Street Capital Group is an international private merchant bank with offices and affiliates in Kiev, Moscow, and Toronto. Founded in 1996, the firm carries on centuries of honored merchant banking traditions, providing a comprehensive array of services to international private and state owned companies, including merchant banking, trade and project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , strategic business development and professional business services. |
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