March 2, 2010
Bangkok — 2 March 2010 — Hunton & Williams (Thailand) Limited, which has extensive experience in project development and corporate and structured finance, represented Thai National Power, a subsidiary of UK-listed International Power pcl, in the project development and financing of a new 110MW gas-fired cogeneration project in Thailand. The financing included 5 billion Baht (US$150 million) in new financing with Bank of Ayudhya and Kasikorn Bank. The financing was implemented as part of a re-leveraging of Thai National Power’s financing for its existing gas-fired co-generation and generation facilities which have a combined capacity of 145MW. The new power plant will be operational in 2012. As with the existing facilities, the new power plant will supply a substantial part of its electricity to the Electricity Generating Authority of Thailand (EGAT); the balance of its electricity will be supplied to industrial customers in the Siam Eastern Industrial Park Co. Ltd. in Rayong, Thailand.
The Hunton & Williams team, led by partner Stephen Bennett and Richard Savage, counsel, who have advised International Power plc on its investments in Thailand for more than 10 years.
Hunton & Williams LLP provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to nearly 1,000 lawyers serving clients in 100 countries from 18 offices around the world. While our practice has a strong industry focus on energy, financial services, and life sciences, the depth and breadth of our experience extends to more than 100 separate practice areas, including bankruptcy and creditors rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and information management.