Ternopil Boosts Energy Investments, Partners with Earlybird Global and SRDB

Earlybird Global, led by Nabil Sioufi, is focusing on modernizing Ukraine’s infrastructure. Sioufi emphasized, “Now is the time for international partners and investors to capitalize on Ukraine’s modernization potential. Ternopil’s prospects are impressive, and the city is well-managed. We’re initiating projects now—don’t wait for Victory Day to engage.”

“We are already engaging with private groups, international financial institutions, and European and American organizations.”

Ternopil, a growing city in western Ukraine with a population of 250,000, is expanding its infrastructure and public services. Mayor Serhiy Nadal stated, “The resilience of our community and the strength of Ukrainians are vital for victory. Our active participation in international programs is crucial. Energy independence is essential, and this investment memorandum will enable us to execute strategic modernization projects.”

Georges Sioufi, Director at SRDB Law Firm, added, “We are excited to collaborate with forward-thinking leaders committed to international cooperation. The IMF has recognized the Ukrainian economy’s exceptional resilience over the past three years.”

The investment memorandum focuses on three key projects:

  1. Building a cogeneration plant with up to 70 MW capacity for municipal heat and electricity.
  2. Upgrading drinking water and wastewater treatment plants through a public-private partnership (PPP).
  3. Developing urban solar energy on public building rooftops.

Sioufi further noted, “We are actively engaging with private groups, international financial institutions, and organizations across Europe and the U.S.”

Dr. Jean-Luc Poget, Partner at Earlybird Global and Energy Transition Policy Advisor to the Government of Uzbekistan, remarked, “Two years ago, Ukraine applied for EU membership and began significant regulatory and institutional reforms aligning with EU standards.”

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