Energy and Natural Resources

In recent years, PMP has climbed high on the list of leading law firms in this area, too, serving numerous power generation and distribution companies, financial institutions and investment companies, thus acquiring substantial experience not only in the drafting of various documents and contracts but also in providing full coordination and legal representation at every stage of the process, including the design, development, financing and implementation of projects in the area of renewable energy sources. Our legal advice covers the generation, transmission, distribution of, and trade in electricity.

PMP has accumulated considerable experience in handling administrative procedures on behalf of entities venturing into the free energy market, the preparation of contracts for the supply and purchase of electric power and natural gas and the construction and connection of new energy facilities. Particularly valuable is our experience accumulated in the implementation of projects for power generation from renewable energy sources, as well in preparing alternative project financing schemes.

Our participation in the different stages of drafting the Concessions Act has deepened our insight and improved the effectiveness of our services in the area of concession regimes, underground mineral resources, as well as the regulatory framework in the water sector. The PMP team has good practical experience in participating in appeal procedures before administrative and judicial authorities.




“Penkov, Markov & Partners is a “blue-chip energy firm”. Practice head is “a must-have lawyer for any energy project”. Managing partner Vladimir Penkov is a “driving force” within the sector.“


“The combination of their excellent knowledge of the business particularities and the financial side of the sector, great knowledge of the substantive law in whose creation they have actively participated, and having very good litigators in their team gave us the feeling that they are the ones to work with on our investments in that sector.“