PRESS RELEASE: Energy Resources of Ukraine Appoints SP Advisors as Strategic Advisor for Eastern European Energy Sector Investments

September 9, 2016. Kyiv, Ukraine. SP Advisors is pleased to announce that Energy Resources of Ukraine (ERU) has retained SP Advisors as Strategic Advisor for energy sector investments in the Eastern European space, notably in Ukraine and in the Republic of Georgia. In its role, SP Advisors will provide strategic advisory services as ERU seeks investments in energy sector assets, pursues the construction of renewable power projects in Ukraine, and establishes a legal and financial structure that adheres to best international practices.

ERU specializes in the development of energy projects in Eastern Europe. Its management team has more than 30 years of experience in international energy market operations at leading regional and global firms including DTEK, CountourGlobal, AES, and SI Energy. 

"In our work with the SP Advisors team, we have found them to be detail-oriented, practical, and able to meet demanding deadlines. We greatly value Mr. Piazza's ability to combine in-depth understanding of Emerging Markets with a successful track record of advising international clients," said Andrew Favorov, Director of Energy Resources of Ukraine.

"The energy markets of Eastern Europe demand years of experience to navigate successfully, as do international financial markets. I'm pleased that our engagement with Energy Resources of Ukraine brings the two together – ERU's more than 30 years' track record of work in international energy markets is unrivalled and we are thrilled to be bringing our expertise in financing and strategic advisory of large projects to the table," said Nick Piazza, CEO of SP Advisors.

About Energy Resources Ukraine (ERU)
Energy Resources of Ukraine (ERU) specializes in the development of energy projects in Ukraine, the Republic of Georgia, and other areas of Eastern Europe. The company combines over 30 years of international energy development and management expertise with an in-depth understanding of the local market.

About SP Advisors
SP Advisors is a full-service investment house focused on advisory, asset management, and merchant banking, operating in Ukraine, Georgia, and Eastern Europe. Established in 2011, we have assembled a veteran management and corporate advisory team with experience in the Eastern European investment space. The SP Advisors team offers a one-stop shop for equity and debt instruments, as well as corporate finance advisory.