WASHINGTON, D.C. - Energy Resources of Ukraine and Argentem Creek Partners LP have agreed to a strategic cooperation agreement to further develop, structure and execute investments into the energy sector of Ukraine according to a news release from the two companies.  Energy Resources of Ukraine is a member of the U.S.-Ukraine Business Council (USUBC), www.USUBC.org. 

The Joint Development Agreement combines Energy Resources of Ukraine’s recognized capabilities as a developer, operator and turnaround specialist in the              international energy sector with the emerging markets financing and investment pedigree of Argentem Creek Partners.

“We are thrilled about the opportunity to pursue joint investments in the energy sector of Ukraine with Argentem Creek Partners. The combination of our in-country presence and successful track record in the energy sector and the financial expertise of Argentem Creek will allow Energy Resources of Ukraine to actively pursue private investment opportunities as well as announced energy sector privatizations in Ukraine,” noted Dale Perry, Managing Partner of Energy Resources of Ukraine.

“Over the past 20 years, our senior leadership team has implemented a number of successful investments in many countries. We see tremendous potential for investments in the electricity, natural resources and renewable energy sectors in Ukraine. The signing of this Joint Development Agreement with Energy Resources of Ukraine is the first step in our strategy to pursue available investment opportunities. We look forward to being a part of the Ukraine success story,” commented Dan Chapman, Chief Investment Officer of Argentem Creek.

ARGENTEM CREEK PARTNERS LP -----Argentem Creek is an emerging markets credit specialist with headquarters in New York and a presence in Minneapolis, London, Buenos Aires and Singapore. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. www.argentemcreek.com. 

ENERGY RESOURCES OF UKRAINE -----

Company with international investments that specializes in development of energy projects in Ukraine. The company combines over 30 years of international energy development and management expertise with in-depth understanding of local market. Their objective is to bring the best international practices to energy investments in Ukraine. www.eru.com.ua   

USUBC NOTE: Energy Resources of Ukraine is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C. www.USUBC.org    

LINK: http://www.eru.com.ua/press/argentem-creek-partners-and-eru-announce-the-execution-of-joint-development-agreement ======================================================================
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The Kyiv Post of the ISTIL Group is a member of the U.S.-Ukraine Business Council (USUBC).  
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