At Pinsent Masons we have global experience of advising on conventional power projects at all stages of development, bring to bear our specialist and internationally recognised expertise in planning, energy, construction, finance and regulatory issues. Our lawyers are specialist not only in these skills, but in their application to conventional power projects, and they are based worldwide, in our offices in the UK, the Gulf and Asia Pacific.
Our conventional power team has worked with clients at the forefront of the changing electricity generation market in the UK. This includes:
- working with RWE Npower on the procurement of two new build 1650MW CCGT plants;
- working for Scottish Power Generation on all planning and grid connection issues for the proposed 1000MW CCGT plant at Damhead Creek, one of the first to be consented with land for Carbon Capture and Storage safeguarded;
- working with Scottish Power Generation on procurement issues and drafting contract documents for the design, procurement, construction and operation & maintenance of a retrofit flue gas emission reduction plant;
- advising Carlton Power on the sale of a majority stake in Bridestones Developments to ESB International Bridestones owns a development site in Carrington, Manchester that is permitted for the construction of an 860MW CCGT power plant;
- working with Scottish Power Generation on proposed retrofitting of a coal fired power station in Fife (the second largest in the UK) which includes advice on carbon capture and storage.
Our power team has supported both government and private sector clients on major oil and gas, coal fired power plants and utilities and pipeline projects and our experience extends to countries such as China, India, the Philippines, Thailand, Vietnam, Indonesia, Japan, Taiwan, Hong Kong and Australia and includes:
- advising the Vietnamese Ministry of Industry and Trade on the Mong Duong 2 coal fired power BOT project and the Vung Ang 2 coal fired BOT project. Mong Duong 2 was the first BOT power project in Vietnam since completion of the Phu My projects over a decade ago;
- advising PSALM (the government agency responsible for handling the sale of the Philippines' National Power Corporation's assets) on the US$4bn privatization of TRANSCO including advice on the concession agreement and related transaction documentation. This was voted Asian Counsel's Deal of the Year for 2009. In 2010 we advised on the privatization of the Sual and Pagbilao coal fired power plants. This US$1.763bn privatization was the largest of its kind worldwide.
The Pinsent Masons' team has extensive, recent and directly relevant experience of Middle East power projects. Members of our team have advised sponsors, lenders, shareholders and subcontractors on projects in the UAE, KSA, Qatar, Morocco, Oman and Bahrain. Importantly, we have worked with most of the export credit agencies active in the GCC project finance market, including JBIC, NEXI, K-EXIM, K-SURE (previously (KEIC) and USEXIM. Our firm experience includes:
- advising Enka Construction and Industry on its bid for the 1500MW Sur IPP in Oman, the largest independent power project in Oman, including review and risk analysis of the draft project contracts, advice on mark-up, assistance in devising pass through of obligations to the equipment supplier and advice on financing structure and approach;
- advising a contractor on the construction of a gas fired power station in Saudi Arabia including arrangements relating to the assignment of the turbine supply purchase order;
- advising a desalination EPC contractor on the US$3.5 billion Ras Laffan C Independent Water & Power Project in Qatar; and
- advising a major Chinese construction contractor on the delivery of the US$3 billion Habshan to Fujairah crude oil pipeline.
Additionally, members of our team have advised ECAs, commercial lenders, developers, contractors and government shareholders on IWPP and IPP projects in each of the GCC countries. Individual deal sheets are available on request.