Cross-border team wins LatinFinance Project and Infrastructure deal of the year award

Global Press release - Business September 30, 2020

Norton Rose Fulbright recently nabbed a project finance award at LatinFinance's Seventh Annual Latin America Project and Infrastructure awards, recognizing the top deals in Latin America and the Caribbean.

LatinFinance recognized Norton Rose Fulbright for the Infrastructure Financing of the Year: Central America for our representation of lenders in financing the estimated US$850 million Energía del Pacífico (EDP) gas-fired power plant and LNG import terminal project in Acajutla, El Salvador – the biggest energy infrastructure investment in El Salvador's history.

The project consists of the construction, operation and maintenance of a 378MW gas-fired power plant and an offshore LNG import terminal including an FSRU and natural gas pipelines comprising a 1.3km subsea pipeline, a 500 meter onshore underground pipeline, and a 44km transmission line to connect the power plant to El Salvador's electrical grid.

This project will help improve the country's energy supply and price stability and assist in achieving the country's goal of diversifying its generation base and reducing reliance on imported energy.

Marissa Leigh Alcala, Tracy Horton, and Noam Ayali, led the project team working with Jacob Falk, Christa L. Maiorano, Micaela García-Ribeyro, Rachel Rosenfeld, Pablo Calderón (Washington, DC), Julie Mayo, Jessica Rodriguez (Houston), Richard Howley, Alexandra Jeffreys and Jamie Munro (London).

The LatinFinance Project and Infrastructure Finance Awards recognize the best work of the past year in Latin American infrastructure finance and investment. Winners are determined by editorial staff based on an exhaustive selection process involving examination of data and in-depth feedback and discussions with market participants.