New York, NY, June 25, 2013 --(PR.com
)-- Distributed Generating Company, LLC Selects Broad Street Capital Group to Advise on $220 million Distributed Energy Generation Utility Project Planned for Russian Federation.
Distributed Generating Company, LLC of Samara, Russia (“DGC LLC”) announced today that it selected Broad Street Capital Group as its exclusive financing advisor for the development of a state-of-the-art distributed power generation utility in the Russian Federation. The proposed $220 million project will launch in July with support of Eurostar Developments LTD. and financing that is being arranged in two phases through a combination of owner’s equity, senior bank loans and guarantees from the Export Import Bank of the United States (U.S. Ex-Im Bank).
"We are delighted to serve as the financing advisor for this cutting-edge project,” stated Alexander M. Gordin, Managing Director of Broad Street Capital Group. “With the explosion of energy consumption in Russia, accompanied by steep price increases per megawatt/hour, many industrial facilities experience significant demand for cost effective, off-the-grid clean energy generation solutions.”
“We aim to serve those mid-size industrial clients throughout the Russian Federation, who are interested in a reliable, low-cost clean energy supply to their facilities. Our clients will commit to long-term power purchase agreements and will in turn receive better service, lower pricing and greater control over their energy needs. DGC LLC will utilize US produced micro-turbines as its building blocks and will be the largest distributed energy utility in Russia,” said Viacheslav Sheianov, DGC’s Owner and Chairman of the Board of Directors.
“This project will utilize innovative financing structures and will showcase the latest technological advances in distributed energy generation. It will create hundreds of jobs and provide yet another superb opportunity for U.S. cooperation with the Russian companies,” Gordin added.
About Distributed Generating Company, LLC.
DGC, LLC is an emerging power generation company based in a special economic zone near Samara, Russia. At the helm of the company is an experienced, highly-reputable team led by Dr. Viacheslav Sheianov, a well known businessman and banker with extensive track record of developing and financing large, high-profile domestic and international ventures. DGC’s focus is on serving well-capitalized midsize industrial production companies that have significant energy consumption needs.
About Broad Street Capital Group
Based in the heart of New York City’s financial district, Broad Street Capital Group is an international private merchant bank with extensive experience in developing and financing projects in emerging markets. The firm works closely with all trade and development agencies of the U.S. Government and has been involved in several high profile cross-border transactions in energy, IT/telecom, aerospace, healthcare, hospitality and franchising sectors. Founded in 1996, the firm has successfully served a broad array of private and state owned clients in multiple countries. For more information, please visit www.broadstreetcap.com.