Shearman & Sterling has advised the Export-Import Bank of Korea, the Bank of Tokyo-Mitsubishi UFJ, Ltd., KfW IPEX – Bank GmbH, The National Commercial Bank, Sumitomo Mitsui Banking Corporation and Islamic Development Bank as lenders to Engie on the development and financing of the combined heat and power facility at the Fadhili Gas Complex in Saudi Arabia. The project will generate 1,200 – 1,600 MW of electricity, 3,190,000 pounds per hour of steam generation and 768.8 tons per hour of water generation.

NautaDutilh, advised Attarat Power Company (APCO) and the project sponsors, Eesti Energia AS (EE) and YTL Power International Berhad (YTL), on the construction and project financing of a 554MW gross oil shale fired mine mouth power station and open cast oil shale mine in Attarat um Ghudran, Jordan. Financial close of the USD 1,582 million debt facility was achieved on 16 March 2017.

Clifford Chance advised Industrial and Commercial Bank of China Limited, Bank of China Limited, China Construction Bank Corporation and The Export-Import Bank of China on the US$1,582 million financing of a 554MW gross/470MW net oil shale fired mine mouth power station and open cast oil shale mine in Attarat um Ghudran, Jordan. Financial close for the facility was achieved on 16 March 2017. The financing will be provided on the basis of an export credit insurance provided by China Export & Credit Insurance Corporation (Sinosure).

ROME (20 March, 2017) –McDermott Will & Emery represented Pessina Costruzioni, one of the major Italian construction companies, in connection with the concession agreement for a new Velodrome in the municipality of Spresiano (Treviso).

Ashurst advised UniCredit Bank AG and the UniCredit Bank Austria AG (UniCredit) on financing the acquisition of a portfolio of German and Austrian commercial real estate by Hanse Merkur Grundvermögen (HMG), a subsidiary of the insurance company HanseMerkur in Hamburg.

The seller of the 34 properties in total is the Austrian real estate group Conwert, which had announced the transaction in an Ad hoc announcement in September 2016. All in all, UniCredit grants two loans in the amount of €154 million.

Norton Rose Fulbright has advised Alpha Bank on the €33.7 million non-recourse financing of a 33.3MW onshore wind power project developed by Goritsa Aiolos Energy S.A., a company of Eren Groupe, in Viotia, Greece.
 

Norton Rose Fulbright has advised an investor consortium on its $48 million collective investment in a new warehousing project for Africa Logistics Properties.

The investor consortium is made up of CDC Group, International Finance Corporation (IFC) and Mbuyu Capital Partners.

The $48 million in capital will be used to support the Africa Logistics Properties’ warehousing developments in Kenya. CDC Group is committing up to $25 million to the deal, IFC is investing up to $10 million and Mbuyu Capital Partners is investing up to $5 million.

Watson Farley & Williams (“WFW“) advised Banco Popolare di Milano S.p.A. (“BPM”) regarding a loan to Rimorchiatori Riuniti Porto di Genova S.r.l., which is fully owned by Rimorchiatori Riuniti S.p.A., to finance its acquisition of the tugboat “Germania”.

In 2017, BPM merged with Banco Popolare to create Banco BPM S.p.A, Italy’s third largest retail and corporate banking conglomerate.

WFW is delighted to announce that the Reliance Industries VLEC deal the firm advised on last year has been named one of Trade Finance magazine’s Asia Pacific Deals of the Year. One of the key publications in its sector, Trade Finance’s Trade awards celebrate the best in class in trade, export and commodity finance, recognising the firms and companies that played vital roles in the sector’s most important transactions.

Shearman & Sterling advised The Export-Import Bank of China, China Development Bank, Silk Road Fund and International Finance Corporation in connection with the development and financing of the US$1.69 billion (approved total investment) 720 MW Karot hydropower plant in Pakistan, the largest hydropower plant in Pakistan to be financed on a limited-recourse basis.