Chirag J. Sanghrajka

  • Partner
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
  • T +44.20.7710.4670


Chirag Sanghrajka focuses on project finance and banking (including Islamic finance) transactions in the energy, infrastructure, and natural resources sectors.

Speaking Engagements
  • Releasing Asset Value and Financing the Future - Project Bonds in the Middle East (Dubai, April 2014)
  • Project Bonds: Financing Asia's Next Generation of Energy and Infrastructure Projects (Tokyo, February 2014)
  • Clean Energy Business Council Annual Event - "Are we ready to finance clean energy projects from across generation to efficiency projects?" (Dubai, November 2013)


Mr. Sanghrajka's experience includes representation of:

  • Commercial lenders and export credit agencies in relation to the commercial bank facilities and ECA facilities for Kuwait National Petroleum Company’s US$13 billion clean fuels (refinery upgrade) project. 
  • The sponsors in the US$1.4 billion project financing in connection with the Az-Zour North independent power (1500 MW) and water (107 MIGD) plant located in Kuwait. This transaction was named 2013 Middle East & Africa Power Deal of the Year by Project Finance International.
  • Norsk Hydro ASA on its US$1.7 billion revolving credit facility.
  • A major joint venture enterprise in the metals and mining sector with regards to a €700 million revolving credit facility.
  • The joint lead managers in connection with the US$825 million Shuweihat 2 independent power (1500 MW) and water (100 MIGD) plant located in Abu Dhabi, UAE. This transaction was named 2013 Middle East & Africa Bond Deal of the Year by Project Finance International.
  • UniCredit, the European Bank for Reconstruction and Development (EBRD), Black Sea Trade and Development Bank, DenizBank, and Siemens Bank in connection with the €250 million limited recourse financing provided to an SPV set up by TAV Airports for the construction, operation, and maintenance of the new domestic terminal at Izmir Adnan Menderes Airport. 
  • Dubai Islamic Bank PJSC, Emirates NBD Capital Limited, Noor Islamic Bank PJSC, and Standard Chartered Bank as lead arrangers in connection with the refinancing by DIFC Investments LLC of its existing US$1.25 billion sukuk.
  • DnB NOR Bank ASA and Crédit Agricole Corporate & Investment Bank as lead arrangers and agents in connection with the US$1.8 billion financing of four ultra deep-water drill ships owned by subsidiaries of Pacific Drilling Limited.
  • Garanti Bank, the European Bank for Reconstruction and Development, Isbank, Vakifbank, TSKB, and Deniz Bank, in respect of senior term loans of US$650 million, a junior term loan of US$50 million, and a performance bond facility of US$108 million, to finance the privatization of IDO, the world's largest municipal ferry operator, in Istanbul, Turkey. This deal was named European Transport Privatization Deal of the Year 2011 by Project Finance Magazine.

Thought Leadership

  • PF Newsletter: The Global Oil Economy -  May 05, 2016
  • Al-Mirsal Blog: 3 Top Legal Issues to Tackle on Solar Projects -  December 08, 2014
  • Project bonds in the Middle East: Releasing asset value and financing the future -  June 01, 2014
  • Al-Mirsal Blog: How LIBOR Administration Change will Impact Financial Contracts  -  February 03, 2014
  • Al-Mirsal Blog: #FATCA Update: Six Month Grace -  July 18, 2013
  • Al-Mirsal Blog: How #Saudi New Weekend Impacts Legacy #Financing Agreements -  June 25, 2013
  • Al-Mirsal Blog: Japanese Tax Law Reforms Facilitate Issuance of Sukuk by Japanese Companies  -  June 03, 2012
  • Al-Mirsal Blog: Eurozone crisis – Permitted in the Middle East?  -  March 20, 2012
  • Writing the Mining Finance Cheque -  February 22, 2012
  • Down the Flexible Road -  October 2011
Bar Qualification
  • England and Wales (Solicitor)
  • LPC, BPP Law School, London, 2007
  • Postgraduate Diploma in Law, BPP Law School, London, 2006
  • MA, Oxford University, 2005
  • Oil & Gas
  • Cleantech
  • Mining & Metals
  • Project Development & Finance
  • Banking
  • Africa Practice
  • India Practice
  • Islamic Finance