The Singapore office of Watson Farley & Williams LLP (“WFW”) has advised Sunseap Asset (Cambodia) Co. Limited (“Sunseap”), a consortium set up by Sunseap International Pte Ltd, a subsidiary of Sunseap Group Pte Ltd. (“Sunseap Group”), on loan facilities of up to US$9.2m in aggregate to finance the project and development costs of the 10 MW AC photovoltaic solar power plant to be located at Bavet City, Svay Rieng Province, Cambodia. The facilities were provided by Asian Development Bank (“ADB”) and co-financed by BRED Bank.

Work has now started on SynTech Bioenergy, LLC’s innovative waste gasification commercial demonstration plant project. Based in the West Midlands, the plant will deliver a waste gasification system capable of high efficiencies and a potential future to deliver chemicals or fuels such as green aviation fuel.

Loyens & Loeff advised EDF Trading Ltd., a UK-based company, that offers natural gas and coal acquisition, management, and transportation services, on disposal of its 100% stake in AMSTUW B.V. being the indirect owner of the Rietlanden Terminal in the port of Amsterdam to JERA Co., Inc., a Japan-based company, engaged in fuel and domestic/overseas power generation businesses.

Slaughter and May advised Drax Group plc (“Drax”) on its refinancing which involved an issue by Drax’s indirect wholly owned subsidiary, Drax Finco plc, of £550 million senior secured notes and an amendment and restatement of its senior facilities agreement.

The notes consist of £350 million 4¼% Senior Secured Notes due 2022 and £200 million Senior Secured Floating Rate Notes due 2022. The notes are to be admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.

Ashurst advised Petrochemical Industries Company K.S.C. (PIC) on its 50/50 joint venture with Pembina Pipeline Corporation (Pembina), the Calgary based transport and midstream provider, in connection with a proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta, Canada.

Electrosuisse, association for electrical engineering, power and information technologies, has agreed to sell its business unit 'Testing and Certification' to the Euronext listed Eurofins group. Electrosuisse will retain a minority stake in the new Eurofins Electrosuisse Product Testing AG.

Bär & Karrer acted as legal advisor to Electrosuisse in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Philippe Seiler, Raphael Egger and Sarah Nyfeler (all M&A) as well as Corrado Rampini and Charles Gschwind (both Real Estate).

DLA Piper represented Greensmith Energy Management Systems Inc., the developer of an energy storage software solution, in its acquisition by Wartsila, a Finnish manufacturer of marine and energy power sources. The agreement is subject to US regulatory approval and is expected to close in July 2017.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Neptune Energy Group (“Neptune”) on its entry into an exclusivity agreement under which it proposes to acquire ENGIE E&P International S.A. (“EPI”) for $3.9 billion (€3.6 billion). Neptune, backed by funds advised by The Carlyle Group (through its Carlyle International Energy Partners platform), CVC Capital Partners Fund VI and a group of co-investors would acquire a majority shareholding in EPI from France’s ENGIE Group.

Noerr has advised VARO Energy on its acquisition of the business of the insolvent Schneider Mineralöl Meißen Group. The Swiss corporation, whose shareholders include Reggeborgh, The Carlyle Group and Vitol, is using this strategic acquisition to further expand its retail and direct sales activities in Germany.

* Swiss Supreme Court upholds ICC award requiring two Egyptian state entities to pay more than US$2 billion for termination of gas supply deal to Israel Electric Corporation
* One of the world’s highest value ICC awards

Global law firm Norton Rose Fulbright has successfully advised Israel Electric Corporation (IEC) in defending a landmark appeal by Egyptian General Petroleum Corporation (EGPC) and Egyptian National Gas Holding Company (EGAS).