Strengthening the Energy Future of Ukraine:
Who we are
Bighorn Basin Energy Development Company LLC is a new US private equity fund specializing in investing in energy projects in Ukraine. The fund’s goal is to help Ukraine unlock its energy potential and create a lasting positive impact by investing in the region.
Why we invest
The extensive destruction of Ukraine’s energy infrastructure as a result of the war with Russia has created an urgent need for additional sources of electricity and a decentralized generation system. Prior to the invasion, Ukraine had about 55 gigawatts (GW) of generation capacity, but estimates suggest that more than half of this capacity has been destroyed or is under occupation. As a result, the available capacity is insufficient to meet the country’s electricity needs.
Our strategy
Bighorn Basin Energy, based in Wyoming, USA, uses American technology and expertise to implement a unique investment strategy that aims to achieve high performance and strengthen Ukraine’s energy independence.
Our projects
892 MW in CHP and solar power: Expansion of Ukraine's energy sector with 100+ new facilities
Installation of more than 100 combined heat and power (CHP) and solar power plants (SPP) with a total capacity of 892 MW in different regions of Ukraine. Electricity will be sold at market prices through the Ukrainian Energy Exchange. So far, 3.5 MW of solar and 4 MW of CHP capacity have been commissioned. Another 67 MW of CHP capacity is planned to be launched by the end of 2024, and 49 MW of solar power by mid-2025. The distribution of the plants across different regions helps reduce the risk of localized failures and improves the logistics of electricity distribution across the grid.
Joint venture to provide energy to 100 facilities in Ukraine with US support
Launch of a joint venture focused on supplying power generation equipment to 100 facilities in Ukraine. This initiative is aimed at attracting investment, including support from US government financial institutions, to significantly expand production capacity over the next three years.
Our Board Members
Our company takes pride in its Board Members, boasting over 20 years of combined expertise in the energy sector and private equity investments across Ukraine. The Company’s Board Members brings over 20 years of expertise in financing, constructing, and operating a wide range of power generation projects.
Nick is the founder of Bighorn Basin Energy Development Company and Chairman of SP Group of Companies. He also founded the Ukraine Future Business Council (UFBC), which is an active advocate in Washington for support for Ukraine during the war, promoting the rule of law in Ukraine and attracting American capital and expertise to rebuild the country. Since 2004, Nick has been active in the investment banking and private sector in Ukraine and Georgia.
American politician, diplomat, and businessman who served as the 70th Secretary of State, Director of the Central Intelligence Agency, and was elected to Congress four times, representing the Fourth District of Kansas. Mike graduated from the U.S. Military Academy at West Point in 1986, where he was first in his class. He served as a cavalry officer in the U.S. Army, patrolling the Iron Curtain. After leaving the military in 1991, he graduated from Harvard Law School, where he was an editor of the Harvard Law Review. For the next nearly ten years, he ran two manufacturing companies in Southern Kansas, first in the aerospace industry and later in drilling and production equipment manufacturing.
Oleg is a Ukrainian businessman and founder of Ukrlandfarming, one of Ukraine’s largest agricultural holdings, and Avangardco, a leading European egg producer. In addition to agribusiness, Mr. Bakhmatyuk has diversified interests in the financial and energy sectors, as well as transportation, food production and real estate. He is the founder of a charitable foundation aimed at supporting social initiatives and various community projects. Previously, Oleg Bakhmatyuk held senior positions as Director of the Prykarpattya Financial Company, President of the Stanislav Trading Company, and Deputy Chairman of the Board of Naftogaz of Ukraine.
Ihor is a US educated economist and business leader with extensive experience in financial and industrial sectors. Ihor Petrashko received his MBA Degree from Vanderbilt University in Nashville, TN. Since then, Ihor worked at leading roles in private sector including consulting, investment banking and IT sectors. He served among other roles as a Partner, Head of Transaction Advisory Service at Ernst and Young, GlobalSpec (a leading engineering company based in Albany, NY) and Intelsat (an International Satellite Communication company based in Washington, DC). His experience combines strategic vision with practical knowledge of market processes and promotion of sustainable growth.
