Chadbourne & Parke and Bilgiç Attorney Partnership Advise on Waste-to-Energy Financing

Chadbourne & Parke and Bilgiç Attorney Partnership advised International Finance Corporation and ICF Debt Pool LLP (the lenders) on the financing of the construction and operation of waste management, fertilizer manufacturing, and electricity generation facilities located in Pamukova and Bilecik, Turkey. The facilities are owned by two subsidiaries of Hexagon Solid Waste (the borrower), a Turkish company focused on developing integrated solid waste management projects. 

The waste management model that the Hexagon group companies employ allows them to mainly generate electricity out of biogas and to produce organic compost and organo-mineral fertilizers. Four of the borrower’s subsidiaries, including the two companies referred to above, are involved in waste management activities through concession agreements with either the local municipality or municipalities union in the Pamukova, Söke, Ödemis and Bilecik regions in Turkey. 

Partner Charez Golvala and counsel Peter Weiland led the team, acting as international counsel to the lenders on the project. The team also included partner Ayse Yüksel, international partner Turgut Cankorel, and associates Alexandra Neovius, Nonna Crane and Mark Sigrist. Bilgiç partner Haluk Bilgiç led the Turkish counsel team, assisted by associates Cansu Kahya, Eda Yasar and legal intern Alper Tüzün.