Sun, Feb
59 New Articles

Goltsblat BLP Advises Lenders on Hydro Power Plant Financing

Goltsblat BLP Advises Lenders on Hydro Power Plant Financing

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Goltsblat BLP has advised the Eurasian Development Bank and the International Investment Bank on financing provided for the construction of two hydro-power plants with a total capacity of 49.8 MW in the Russian Republic of Karelia.

The team of lawyers from Goltsblat BLP and law firms from the Cayman Islands, the Netherlands, the Republic of Cyprus and Saudi Arabia was led by GBLP Banking & Finance Partner Oleg Khokhlov and Senior Associate Igor Zhivotov. The Banking & Finance team also included Head of Group Tatiana Parshak and Associate Artemiy Bondarev. The deal was supported by a BLP Goltsblat Corporate team led by Partner Ian Ivory and Senior Associate Dmitry Antipin. Real Estate and Construction support was provided by Heads of Group Dmitry Ilyin and Dmitry Maltsev.

Editor's Note: After this article was published CEE Legal Matters learned that the borrower was Nord Hydro – Belyi Porog and that the loan totaling RUB 8.15 million, was extended for twelve years. The total project value is RUB 11.8 billion. The financial investors in the project are the Russian Direct Investment Fund (RDIF) and its foreign partners, including leading Near East sovereign funds and SINOMEC, China’s state-owned corporation. The Federal Corporation for the Development of Small and Medium-Sized Enterprises (SME Corporation) will provided a RUB 4.07 billion guarantee as security for NHBP’s loan of RUB 8.15 billion. 

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


Our Latest Issue