Luba Kotzeva

Luba Kotzeva is Founder and CEO of Etara Partners, an advisory firm focused on the power, utilities and infrastructure sector, and an NED at NTR plc, a clean energy and transition fund manager and investor. Luba was previously EMEA Head of Power, Utilities and Energy Transition and EMEA co-head of Infrastructure & Utilities for Deutsche Bank and before that was in leadership roles at Lazard (3 years) and Rothschild (22 years). 

Luba has M&A, capital raising and sovereign advisory experience across all forms of power generation, transmission, distribution, water and waste utilities and particular niche in nuclear advisory.

Notable nuclear advisory credentials include advising Sweden on its new nuclear programme (2026 investment in first project and ongoing programme); advising SGE on its UK and Polish SMR fleet programmes; an investor on Sizewell C; the Belgian Government on life extensions; the Czech Government on Dykovany II; Fennovoima on financing; Hungarian Government on Paks II; Hitachi on Wylfa; CGNPC on HPC, SWC and Bradwell; Lithuanian government on Visaginas and on sale of British Energy to EDF. 

Other notable sector experience includes advising Ofwat and UKGI in relation to Thames Water (2024), on sale of West Burton CCGT and operating BESS to TotalEnergies (2024), on sale of Shell’s home retail business to Octopus Energy (2023), on sale out of administration of Bulb customer book (2022), on Vattenfall’s €10.3bn acquisition of Nuon PLB (2007-9) and National Grid on its £5.9bn sale of four gas distribution networks (2003-2005). Luba educational background is as an Economist and Lawyer (Durham University joint honours).  

Etara

Etara provides advisory and consultancy services to companies, governments and institutional investors.  Etara brings together a number of senior advisory heavyweights in the power, utilities and infrastructure space including Luba Kotzeva, ex EMEA Head of Utilities and Infrastructure at Deutsche Bank, Peter Bird, ex Global Head of Utilities and Executive Vice Chairman at Rothschild, Gareth Price, ex Senior Partner of Allen & Overy and Jaroslav Mil, ex CEO and Chairman of CEZ, the Czech leading utility.