Counsel at the Firm have experience of project finance transactions, including:
● 2 thermal IPPs which reached financial close under the 1994 Power Policy;
● a USD 120 million IFC and COFACE-led project finance transaction for a cellular operator in Pakistan;
● a project finance (limited recourse) loan facility for a telecommunication operator structured through call receivables securitisation and letter of credit deferred payment facility; and
● drafting and negotiation of implementation agreements and energy purchase agreements for 3 wind power projects under progress.
Additionally, the Firm has developed the Standardised Contractual Framework with guidelines for the Infrastructure Project Development Facility (IPDF) for public private partnerships on limited or non-recourse project financing basis.
The Firm has recently been signed up by China International Water & Electric Corporation as project counsel for its proposed 3 wind power projects of 50 MW each.