Stephen P. McWilliams

  • Partner
  • 9 Raffles Place
  • #42-02 Republic Plaza
  • Singapore 048619
  • T +65.6536.1161


Stephen McWilliams has worked in Asia since 1997. He is Office Managing Partner of the firm’s Tokyo office and a partner in the Project Development & Finance Practice in Asia. His extensive experience covers representations of both lenders and sponsors and includes many of the largest and most recent high profile deals across Asia-Pacific.

Mr. McWilliams is ranked in the top tier for projects and energy in Thailand and Indonesia, projects and infrastructure in Singapore, and is recognized as a top tier lawyer in Laos by Chambers-Asia Pacific 2018. Mr. McWilliams garners praise from clients appreciating “his deep experience in understanding how lenders are going to think,” and his “calm but diligent” professionalism in the guide. Mr. McWilliams has also been named as an All-Star in the energy sector, with The Asian Lawyer commending his track record advising on “highly complex matters in which there is no easy blueprint to follow.”


Mr. McWilliams's experience includes advising:

  • Rantau Dedap Geothermal Power Project, Indonesia – the export credit agencies and commercial bank lenders in the US$701 million project financing of the 98.4-MW Rantau Dedap Geothermal Power Project in South Sumatra, Indonesia 
  • Roy Hill Iron Ore Project, Australia – Roy Hill Holdings in the project financing for the Roy Hill 1 iron ore project in Pilbara, Western Australia
  • Ichthys LNG Project, Australia – the lenders in the US$20 billion project financing of the Ichthys LNG project
  • Mong Duong II Power Project, Vietnam – the lenders in the financing and development of the 1,200MW Mong Duong II coal-fired power project
  • Jurong Aromatics Petrochemicals Project, Singapore – Jurong Aromatics and its affiliates in the US$2.08 billion development and financing of the Jurong Aromatics petrochemicals project
  • Uch II Power Project, Pakistan – International Power and the project company as sponsor/borrower in the US$390 million development and financing of the Uch II power project
  • Papua New Guinea LNG Project, Papua New Guinea – USEXIM, JBIC, SACE, EFIC, and the other lenders in the US$14 billion financing of the Papua New Guinea Liquefied Natural Gas project
  • Paiton III Power Project, Indonesia – the lenders in the US$1.215 billion financing of the Paiton III coal-fired power project in Java, Indonesia
  • Hongsa Mine-Mouth Project, Laos – Bangkok Bank and the commercial bank lenders in the US$2.97 billion financing of the Hongsa coal-fired mine-mouth power project in Hongsa, Laos
  • Ratchaburi Power Project, Thailand – Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, and a syndicate of other banks as lenders in the privatization of the Ratchaburi power project in Thailand


Thought Leadership

  • Financing the New Generation of Gas-to-Power Projects in Asia (Japanese) -  January 01, 2018
  • Myanmar IPPS in Search of Terra Firma -  September 24, 2014
  • The Canadian LNG Projects Revolution -  September 18, 2014
  • Xe-Pian Plants a Milestone -  March 01, 2014
“A leading practitioner with over 20 years' experience advising on project finance work in the region.”Chambers Asia-Pacific 2018
Bar Qualification
  • England and Wales (Solicitor)
  • BA (Law), University of Western Australia, 1995
  • Aerospace, Defense & Government Services
  • Cleantech
  • Oil & Gas
  • Power
  • Financial Institutions
  • Project Development & Finance
  • Mergers & Acquisitions
  • Australia Practice
  • Banking
  • India Practice
  • Korea Practice