Energy and infrastructure remain among the key investment priorities of BGV Group Management and its founder, Gennadii Butkevych. Over the past two years, the BGV team has analyzed a significant number of projects in this sector and signed investment memorandums with potential partners covering more than 500 MW of installed capacity across various types of power generation. At present, around 20% of this volume is either under implementation or close to it, while the remaining projects are undergoing the relevant stages of development and structuring.

As Oleksii Tymofieiev, Member of the Board of Directors of BGV Group Management, noted during the discussion panel “Money in Search of Projects” at the Forbes Money conference, in the conditions of the Ukrainian market, not only the availability of capital matters but also the quality of project preparation, the transparency of their economics, and the realism of expected future returns.

“It is necessary to assess very soberly the factors that shape profitability and incorporate them into expectations. For an investor, it is important to understand exactly what drives that profitability and how sustainable it is in the base-case scenario,” Oleksii Tymofieiev said.

During the discussion, he also emphasized that one of the main indicators of investor maturity is the choice between speculative returns and project quality. According to Tymofieiev, BGV’s base scenarios and return expectations are built on a conservative assessment of project risks and opportunities. “If we are building energy infrastructure, we must bear responsibility to future generations. These should be properly structured projects equipped with modern technology that become the foundation for further economic growth. If we have to choose between factors that improve project quality and factors that artificially increase returns, we will undoubtedly choose quality.”

BGV notes that this approach forms the basis of the development of its Energy and Infrastructure division, which the company established in 2024 in response to the new challenges facing Ukraine’s energy system and urban infrastructure as a result of the full-scale war. Today, the division focuses on the development of comprehensive projects ranging from power generation and energy-efficiency solutions to the modernization of water supply systems, district heating networks, wastewater treatment facilities, and other urban infrastructure assets.

The company believes that the recovery and modernization of Ukraine’s critical infrastructure will require substantial private investment. At the same time, the success of such projects will depend on the quality of their preparation, professional risk management, and a realistic assessment of economic indicators at every stage of implementation.