Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 31-05-2012 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | BG Group sale of Santa Rita/San Lorenzo Power Plant | Industry: | Electricity |
| Description: |
Herbert Smith has advised BG Group on an agreement to sell its 40% equity interest in two gas-fired power generation plants in the Philippines to its partner in the facilities, First Gen Corporation, for net cash proceeds of US$360 million.
The sale and purchase agreement, signed and completed on 30 May 2012, covers the 1000 megawatt Santa Rita power plant and the 500 megawatt San Lorenzo power plant, both on the island of Luzon.
The Herbert Smith team was led by Singapore-based energy partner Lewis McDonald and senior associate Philip Morgan.
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| Financial Center: | Singapore | Value: | 0.00-0.00 |
| Advised Party: | Seller | Law Firm | Herbert Smith Freehills |
| Assets Jurisdiction | Philippines | Purchaser Jurisdiction | United Kingdom |
| Classification: |
Transfer of Infrastructure Assets Power Stations |
Lawyer | Lewis McDonald |
