Asia projects insights

Our Asia projects and project finance team provide legal and market commentary, addressing the key questions and topics of interest to those in the projects and project finance market in Asia.

Publication | September 2019

Our Asia project finance team has a strong record of managing complex, cross-border projects and project finance transactions across a broad range of sectors.

We have extensive experience in project structures in Asia and globally, advising lenders, sponsors, developers, institutional investors, contractors and operators in major domestic and cross-border energy and infrastructure projects.

We specialise in rail, ports, airports, renewables, LNG, gas and petrochemicals projects and regularly advise on transactions in Bangladesh, China, India, Indonesia, Japan, Malaysia, Mongolia, Myanmar, Singapore, Taiwan, Thailand and Vietnam.

Awards

Project Finance Group of the Year, Law 360, 2019
Tier 1 for India Projects & Energy (International Firms), Chambers Asia – Pacific, 2019
Tier 2 for Projects & Infrastructure, Chambers Asia – Pacific, 2019
Asia Pacific Biomass Deal of the Year, IJ Global, Gulf Chana Green, Bangkok, 2018
Tier 2, Asia Pacific Foreign Firms, Legal 500, 2018

Deals

250 MW solar project, India

We are advising the lenders on the financing to SB Energy (a subsidiary of SoftBank Group of Japan) for a 250MW solar PV project in Andhra Pradesh, India.

Kacific Broadband K1 Satellite

We are advising Kacific on the financing of its first Ka band high speed broadband satellite project, bringing critical high speed connectivity to a number of remote countries.

US$1.2bn power station project, Bangladesh

We advised SDIC Power Holding on the structuring and development of a US$1.2bn power station project in Bangladesh.

Small scale rooftop solar projects South East Asia

We are advising the Global Climate Partnership Fund on its portfolio financing for the development of small scale rooftop solar projects across South East Asia.

Tina River Hydro Development Project, Solomon Islands

We are advising the sponsors on the 15MW
Tina River Hydro Development Project, the first large-scale infrastructure project to be developed as a PPP in the Solomon Islands.
The project will help the country reduce its reliance on expensive fuel and allow it to significantly reduce emissions.

Oil storage terminal, Malaysia

We acted for a lenders’ consortium which includes Maybank, ING, OCBC and DBS on the US$1.25 billion financing of an oil storage terminal in Malaysia.

Khalifa Port Container Terminal

We advised the lenders on the financing for the development, design, engineering, management and operation of the Khalifa Port Container Terminal Phase 2 in Dubai.

Pavilion Energy’s European LNG portfolio acquisition

We advised Pavilion Energy Pte Ltd on the acquisition of a portfolio of LNG supply contracts from European energy utility company Iberdrola.

Insights

Indonesia amends rooftop solar regulation

Indonesian Ministry of Energy and Mineral Resources (MEMR) issued amendments to last year’s Regulation 49/2018 on the Use of Rooftop Solar Power.

Renewable energy snapshot: Myanmar

The Myanmar Energy Master Plan, published in January 2016, makes projections of the long-term energy demand and fuel supply mix up to the year 2030.

Renewable energy snapshot - Thailand

Thailand has set a target that more than 25 per cent of electricity will be generated by renewable energy sources by 2037.

Renewable energy snapshot - Vietnam

In March 2016 the Vietnamese Government issued the revised National Power Development Plan for 2011 to 2020.

Renewable energy Snapshot Indonesia

Indonesia is targeting that 23 per cent of electricity will be generated from renewable energy sources by 2025.

China Foreign Investment – Oil & Gas

2019 marks more than four decades of China’s reform and in recent years China has really accelerated its opening up to foreign investment.

China's LNG demand

China’s Ministry of Transport recently proposed 34 coastal liquefied natural gas (“LNG”) terminals with a combined annual import capacity of 247 million tons by 2035.