Industry
Power & Energy
Generation, transmission, LNG and renewables — from early IPP model documentation to today's clean energy targets.
The firm has worked on Bangladesh's power sector since the first wave of independent power projects, including the model documentation used to structure early IPPs. The sector is governed by the Electricity Act 2018, regulated by the Bangladesh Energy Regulatory Commission, with the Sustainable and Renewable Energy Development Authority driving the renewable agenda and a national target of sourcing a meaningful share of aggregate generation from clean energy by 2030.
We act for sponsors, EPC contractors, offtakers, export credit agencies and lenders across conventional generation, LNG-to-power, solar and transmission infrastructure.
What we do in this sector
- IPP development, PPA and implementation agreement negotiation
- LNG import, terminal and regasification structuring
- Solar, wind and renewable project development
- Export credit agency and DFI financing
- Fuel supply, transmission and connection agreements
- Energy regulatory, tariff and licensing advice
Selected experience
- PPP transaction advisory to IFC on the Maheshkhali FSRU LNG terminal.
- Acted for China Exim Bank on the Khulna coal-fired power project.
- Advised Sinosure on three coal-fired independent power projects.
- Advised General Electric on power and energy projects in Bangladesh.
Mandates in this sector
IFC and Excelerate Energy · Transaction counsel
Floating storage and regasification LNG terminal at Maheshkhali — the country's first LNG terminal, including PPP transaction advisory, project development and permitting
European Investment Bank · Lender's counsel
Financing of a SASEC road corridor project
Mitsubishi · Local counsel
Advice on the potential acquisition of LNG assets in Bangladesh
Ophir Energy · Local counsel
Acquisition of Santos' Bangladesh exploration assets, and the subsequent Medco transaction
Zhenhua · Bidder's counsel
Bid for three gas fields
Sinosure and China Exim Bank · Lenders' counsel
Coal-fired independent power projects and related export credit cover
General Electric · Local counsel
Power and energy projects in Bangladesh, including a sublease matter
Asian Development Bank · Lender's counsel
Limited-recourse syndicated financing
SAARC Development Fund · Documentation counsel
Led the documentation team for Fund financing
Grameenphone · Counsel
Syndicated financing
Royal Bank of Canada · Counsel
Secured lending
Anwara Chinese Economic Zone / China–Bangladesh Iron & Steel Production Zone · Diligence counsel
Legal due diligence on economic zone development
The World Bank · Lead local counsel
Financial Sector Reform Programme — redesign of the banking regulatory framework, and drafting of the Bankruptcy Act 1997
China Exim Bank · Counsel
Project financing of the 2 × 662 MW Payra thermal power plant
BIFFL, China CITIC Bank and China Development Bank · Counsel
Financing of a public–private partnership toll road
DBS · Sponsor's counsel
Financing of the Dhaka North 36 MW waste-to-energy plant
Asian Development Bank · Lender's counsel
50 MW solar project developed by Fourth Partner Energy
ICD, Islamic Development Bank Group · Lender's counsel
Islamic line of finance to a Bangladeshi bank
Export Development Canada · Lender's counsel
Financing of new ATR aircraft for US-Bangla Airlines
IFC, for the PPP Authority · Transaction counsel
Patenga Container Terminal
ONGC, OIL, POSCO and Daewoo · Local counsel
Offshore production sharing contracts
Samsung · Local counsel
Dhaka Airport Third Terminal; contractor arrangements on the Jamuna and Padma bridges
China Shandong Hi-Speed and Sinohydro · Acquirer's counsel
Acquisition of a 49% stake in the First Dhaka Elevated Expressway
Beringia and Pendekar Energy · Transaction counsel
Acquisition and consolidation of power plants
El Paso · Counsel
Successful corporate tax exemption