Two high-profile nuclear construction projects have reached important milestones, and in both cases, Pillsbury’s top-rated nuclear energy team has played an important advisory role.
(Singapore) – Akin Gump is advising Electric Power Development Corporation, the listed Japanese energy company and one of the largest power generators in Japan, better known as “J-Power,” on its participation in a world-first project to produce hydrogen from Australia’s vast brown coal reserves in the Latrobe Valley in Victoria.
Shearman & Sterling was appointed by managing investor Yaatra Ventures to represent the Albertine Graben Refinery Consortium (AGRC) in connection with the signing of an exclusive Project Framework Agreement for the development, financing, construction, operation and maintenance of a greenfield refinery project in Hoima District, Uganda (the Refinery Project).
Global law firm Reed Smith has advised Eelpower Limited on its £20 million financing from GCP Asset Backed Income (UK) Limited, a fund vehicle managed by Gravis Management Limited. The investment will enable Eelpower to build out its pipeline of permitted energy storage sites and pursue new development opportunities.
Burges Salmon has advised long-standing client Gravis on a £20 million financing for Eelpower, a pioneering company that has been at the forefront of the development of energy storage in the UK.
This transaction builds on Burges Salmon's market-leading experience in advising on the innovative debt structures required for funding energy storage projects and their complex revenue streams.
Global law firm White & Case LLP has advised Qatar Petroleum on the integration of QatarGas and RasGas.
The transaction creates the world's largest LNG company. The integration became effective on January 1, 2018, from which date all the activities of Qatargas and RasGas are now operated by the new 'Qatargas'.
The White & Case team was co-led by partners Philip Stopford and Michiel Visser and included a cross-disciplinary team of lawyers from White & Case offices around the world.
DLA Piper has advised power generation specialist Pacific Energy Limited on its AU$90 million acquisition of Contract Power Group.
The transaction involves Pacific Energy acquiring 100% of the shares in Contract Power and certain assets or other related entities for AU$90 million, comprising AU$85 million cash and AU$5 million in Pacific Energy shares.
Russia has already made advances in the renewable energy sector over recent years and is on the offensive in the solar energy sector. This development offers new opportunities for Austrian companies, too. GREEN SOURCE and CORE VALUE CAPITAL are currently implementing one of the biggest current projects in Russia across a total of 9 photovoltaic parks. The two Vienna-based companies have retained CMS as their legal advisors.
Eversheds Sutherland has assisted Shell on the strategic sale of Shell Exploration and Production Oman Limited (SEPOL) to Indian Oil Corporation subsidiary IOCL Singapore PTE Ltd, in a transaction worth US$329 million.
As a result of the deal, Indian Oil Corporation will hold a 17% interest in the Mukhaizna Production Sharing Agreement in Oman, as well as the Marketing Rights for entitlement oil. The sale is part of Shell’s wider strategy to sell non-core assets or companies to meet its divestment target of US$30 billion.
Milbank, Tweed, Hadley & McCloy LLP represented PT Supreme Energy Rantau Dedap (SERD) in connection with the development and financing of a geothermal facility in the Rantau Dedap geothermal working area in south Sumatra, Indonesia, with a gross capacity of 98.4 MW. SERD is a joint venture owned by French utility company ENGIE, Japan’s Marubeni Corporation and Indonesian geothermal energy producer PT Supreme Energy.