Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 02-04-2015 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Financing for the 187MW Shuakhevi Hydropower Scheme, Georgia | Industry: | Electricity |
| Description: |
Clifford Chance advised the lenders on the USD250 million facility to Adjaristsqali Georgia in connection with the financing of the 187MW Shuakhevi hydropower scheme, consisting of the Shuakhevi and Skhalta hydropower plants located in the Adjara region, in southwest Georgia. The project represents the largest private hydropower investment in Georgia. It reached financial close on 23 March 2015.
The project will export power to Turkey through the 400kV cross-border Akhalskhe-Borcka transmission line nine months of the year, and sell domestically for three consecutive winter months.
The Clifford Chance project finance team was led by partner Nicholas Wong and senior associate Milica Zatezalo-Falatar, assisted by Nicolas Cookson and Francis Chukwu. Partner Tim Steadman provided construction related legal advice.
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| Financial Center: | Paris | Value: | 100.01-500.00 |
| Advised Party: | Debt Provider | Law Firm | Clifford Chance |
| Project Location | Georgia | Equity Sponsor | Norway |
| Classification: |
Project Finance Power |
Lawyer | Nicholas Wong |
