Allen & Overy has advised the sponsor consortium of PT Bhumi Jati Power on the project financing of the Tanjung Jati B coal-fired power plant Units 5&6 Expansion Project in Indonesia.
PT Bhumi Jati Power, the project company, is a joint venture between Sumitomo Corporation, The Kansai Electric Power Company, Incorporated, and PT United Tractors Tbk.
ENERVIE group has been able to conclude its financial restructuring substantially earlier than expected. The new EUR 190 million syndicated loan agreement, consisting of a consortium of eight banks, was disbursed a few days ago. It replaces the reorganization master agreement that had been concluded with ENERVIE group’s financial creditors at the beginning of the reorganization in 2015. The energy company was advised on the refinancing transaction by a team led by Dr. Guido Hoffmann, partner at the Düsseldorf office of Heuking Kühn Lüer Wojtek.
Jones Day advised TDK Corporation in its $1.3 billion acquisition of InvenSense, Inc. The transaction was unanimously approved by the Boards of Directors of both companies. The acquisition was completed through a merger of a newly created subsidiary of TDK with and into InvenSense, with InvenSense continuing following the merger as a wholly-owned subsidiary of TDK.
In addition to M&A representation, Jones Day provided antitrust, employee benefits, and intellectual property advice regarding this transaction.
Baker McKenzie (Gaikokuho Joint Enterprise) advised Chubu Electric Power Co., Inc. ("CEPCO") and Mitsubishi UFJ Lease & Finance Co. Ltd. ("MUL") on their acquisition of a 49% interest in two Mitsubishi Corporation subsidiaries that, together with TenneT Holding B.V. - the Dutch national power transmission operator - will operate and maintain four submarine power transmission, which connect offshore wind power plants and onshore facilities in Germany.
This will be the first overseas power transmission transaction between CEPCO and MUL.
The firm helped award-winning community wind farm Awel Co-op to secure a £5.25m investment from Triodos Bank.
Independent UK law firm Burges Salmon has helped its client, Awel Co-op, an award-winning community wind farm, to secure an investment from Triodos Bank to refinance its operational onshore wind farm in the Amman Valley. It is the first time that the ethical investor has invested in an energy co-op in Wales. It is Awel’s stated aim that all profits from the wind farm will be ploughed into further low carbon projects in the local community.
London—Dentons has advised Gamma Energy Limited ("Gamma"), part of the Gamma group, a Spanish technological group with a strong focus on renewable energy, on its acquisition of a 50.01% interest in the Stokes Marsh solar PV farm in Wiltshire, South West England, from SunEdison Holdings Corporation LLC ("SunEdison Holdings").
Ashurst has advised Jemena on its A$392 million acquisition of the Darling Downs Pipeline from Origin Energy, which links the Wallumbilla Gas Hub with the Talinga Gas Plant and Origin Energy's Darling Downs Power Station.
The transaction involved Jemena acquiring 100% of the shares from three Origin Energy companies that hold licenses for the Darling Downs Pipeline, which are the Oil Company of Australia (Moura) Transmissions Pty Ltd, Origin Energy Walloons Transmissions Pty Ltd and Origin Energy Wallumbilla Transmissions Pty Ltd.
Ashurst has advised International Petroleum Corporation ("IPC") on its US$100 million reserve-based lending facility.
IPC is a new oil and gas exploration and production company which has been spun-off from Lundin Petroleum AB and is listed on the Toronto Stock Exchange and Nasdaq First North. IPC has a portfolio of upstream oil and gas assets in France, the Netherlands and Malaysia.
Herbert Smith Freehills has advised Origin Energy Limited (Origin) on the sale of the Darling Downs Pipeline network to Jemena Gas Pipeline Holdings Pty Ltd (Jemena) for A$392 million.
Located in Queensland, the Darling Downs Pipeline network transports gas to Origin’s Darling Downs Power Station, Australia Pacific LNG and the domestic market.
Berwin Leighton Paisner (BLP) has advised Panoro Energy ASA on the sale by its Gabon subsidiary of a 25% working interest in the Dussafu Production Sharing Contract offshore Gabon to BW Energy Gabon for a total value of US$12 million plus a non-recourse loan of up to $12.5m in order to fund Panoro’s share of expenditures up to first oil.
Panoro, listed on the Oslo Stock Exchange, holds high quality production, exploration and development assets in West Africa.