Projects and Project Finance
We have had a leading Projects and Project Finance practice since the very first transactions in the UK. We acted on most of the early North Sea projects and their financings, and have continued to be involved at the cutting edge of this area, acting on many of the largest and most complex international transactions. We are internationally recognised for handling ground-breaking transactions, including across the Middle East, Asia and Europe.
We have a reputation for developing creative and innovative solutions to secure our client's objectives within the specific legal, political and commercial environment of the country in which the relevant project is located. We work closely with leading local counsel around the world.
Our focus on the largest projects means that we have a client-oriented approach which gives us particular strengths in effective problem solving. We seek to overcome particular challenges unique to any project and provide bespoke solutions.
Our Projects and Project Finance practice covers all major sectors including oil and gas, power, water and waste management, transport, telecoms and sport, and forms part of our extensive Infrastructure, Energy and Natural Resources practice. We have acted for governments, sponsors and funding providers and investors at every stage of a project's development and its financing.
I have such high regard for the firm. We want that quality of counsel, and that's why we keep going back. Chambers UK, 2014View all Financing media comments
Our key experience includes advising:
Kosmos Energy on the Jubilee Field upstream development and financing, offshore Ghana. We also advised on a US$3 billion refinancing for the project.
on a large number of LNG projects across the world, including MLNG1, MLNG2, Woodside, OLNG, QLNG, Qatargas, QG4, ELNG 1 and 2.
Egyptian Methanex Methanol Company, the project company, and project sponsors (Methanex Corporation and EGAS) on a pioneering methanol petrochemicals project, setting a new benchmark as the first Egyptian petrochemicals project to achieve financial close in the international project finance markets.
Lincs Wind Farm, a joint venture company formed by sponsors Centrica plc, DONG Energy A/S and Siemens Project Ventures GmbH, on the raising of £425 million non-recourse project finance facilities from a consortium of 10 commercial banks for its 270MW Lincs offshore wind farm. This is the first offshore wind farm to be project financed in the UK during construction.
Centrica on the financing aspects of its offshore wind farm projects at Lynn, Inner Dowsing, and Glens of Foudland.
AES Meghnaghat on the US$300 million project financing facilities for the Meghnaghat 450mw power station, the first large-scale independent power project in Bangladesh.
Arsenal Football Club in connection with the financing, real estate, planning and construction issues relating to its new stadium project.
MTR Corporation in relation to numerous rail projects including the South Island Line (East), the Kwun Tong Line Extension, and the Shatin to Central Link.
Aéroports de Paris on its interests in Abu Dhabi International Airport, Delhi and Mumbai Airports, Almaty Airport in Kazahkstan, Queen Alia International Airport in Jordan, and Madinah Airport in Saudi Arabia.
the European Investment Bank on the N4/N6, N8, N6 and N7/N8 Irish road PPP projects, the Newcastle Schools PPP projects, the M80 and M25 UK Road projects and the Southmead Hospital project.
on the financing of the Egyptian Refinery Company's Mostorod Oil Refinery project, the largest ever project financing in Africa as at 2012, comprising US$2.6 billion in debt and a further US$1.1 billion in equity. We advised Qatar Petroleum International, the European Investment Bank, the African Development Bank and a syndicate of banks on the debt package.