19
Tue, Oct
92 New Articles

Allen & Overy Advises EBRD and ADB on USD 105 Million Financing for ENA

Allen & Overy Advises EBRD and ADB on USD 105 Million Financing for ENA

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Allen & Overy has advised the EBRD and the Asian Development Bank on a USD 105 million financing for Electric Networks of Armenia.

According to Allen & Overy, the funding will be used to modernize electricity distribution networks and ensure reliable electricity supply in Armenia, especially in its provinces. The ENA Investment Program started in 2016. Phase 1 was completed in 2020, while Phase 2 aims to reconstruct the distribution network and cable lines, upgrade outdated substation equipment, repair ENA’s facilities, and install new customer connections.

"Energy efficiency and security rely on strong infrastructure investment. ADB continues to support Armenia in achieving this goal by providing long-term financing for the private sector that is not readily available in the country," commented the Infrastructure Finance Division Director for Central and West Asia and South Asia of ADB's Private Sector Operations Department, Shantanu Chakraborty. "The project will fund the second phase of ENA’s long-term investment program, which aims to further expand electricity access in Armenia’s provinces."

Allen & Overy’s team was led by Warsaw-based Partner Dan Cocker and included Prague-based Senior Associate Jana Marsalkova and Junior Lawyer Tereza Veverkova.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue