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Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers

Deal Date: 06-10-2011 Practice Area: Project Finance and Infrastructure
Deal Title: APA Group development of Queensland power station Industry: Electricity
Description:
Clifford Chance has advised APA Group on the proposal to develop jointly with AGL the Diamantina Power Station in Queensland. The Diamantina Power Station is being developed to meet the long-term power needs of Xstrata Mount Isa Mines, as well as to supply electricity to the town of Mount Isa. The total capital expenditure for the development is approximately A$500 million before project financing costs. APA Group is Australiaâs largest natural gas infrastructure business, owning and/or operating more than A$8 billion in gas transmission and distribution assets.  Its pipelines span every state and territory in mainland Australia, delivering more than 50% of the nationâs gas. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline and Energy Infrastructure Investments (EII). "APA Group is leading the way on the development of infrastructure producing cleaner energy. The Diamantina Power Station will be a modern power station that will provide a low-carbon and long-term solution to the energy needs of the Mount Isa region and to significant Xstrata mining projects in Queensland, and we are very pleased to have been involved " said Clifford Chance partner Mark Pistilli. The Clifford Chance team was led by Mark and included senior associate Amelia Horvath, associate Ada Ko and special counsel Dale Rayner. All are based in Sydney.
Financial Center: Sydney Value: 100.01-500.00
Advised Party: Equity Sponsor Law Firm
Project Location Australia Equity Sponsor Australia
Classification: Project Finance Power
Lawyer Mark Pistilli