Stephen P. McWilliams

Mr. McWilliams' experience includes advising:

Australia

• Ichthys LNG Project Refinancing, Australia – the export credit agencies and a consortium of commercial bank lenders in the US$8.3 billion refinancing for the Ichthys LNG Project in Australia
• Ichthys LNG Project Bond Refinancing, Australia – investors on the private placement refinancing of the commercial bank debt on the Ichthys LNG Project in Australia
• Australia Pacific LNG Project, Australia - the lenders in the project financing of the Australia Pacific LNG project, a fully integrated coal seam gas-to-LNG development in Australia
• Barossa LNG, Australia – the export credit agencies and commercial bank lenders on the financing of SK E&S’s 37.5% share of the Barossa LNG gas field
• Ichthys LNG Project, Australia - the lenders in the US$20 billion project financing of the Ichthys LNG project, the largest project financing ever taken to market, globally
• Roy Hill Iron Ore Project Acquisition, Australia - Hancock Prospecting Pty. Ltd., an Australian iron ore exploration and development company, in a Japan-Korea consortium’s acquisition of a stake in the Roy Hill Iron Ore project in Pilbara, Western Australia
• 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 - one of the largest integrated mining projects in the world, consisting of the development of a very large high-grade iron ore deposit and the construction of the supporting port and rail infrastructure
• Ironbark Zinc Project, Greenland (Australian project company) – Ironbark Zinc on the planned EXIM 402A financing of zinc mine in northern Greenland

Bangladesh

• Spectra Solar Power Project, Bangladesh – Asian Development Bank (ADB) and Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG) in the project financing of the 35 MW Spectra Solar Power Project in Paturia, Bangladesh
• Bibiyana IPP Project, Bangladesh - International Finance Corporation (IFC) in their advisory role to the Government of Bangladesh in the development of a new IPP program for Bangladesh
• Meghnaghat Power Project, Bangladesh - Infrastructure Development Corporation Ltd. (IDCOL) as subordinated lender in the financing of the Meghnaghat I Power Project, a 450 MW gas-fired power project in Bangladesh

China

• Fujian Petrochemicals Project, China - ExxonMobil, SaudiAramco, and Sinopec as sponsors in the development and financing of the greenfield Fujian petrochemicals complex in Fujian Province, China – at the time the largest project financing for a Sino-foreign joint venture, the largest integrated refinery-petrochemical complex in China, and the first project financing for a joint venture to be conducted entirely under Chinese law
• Nanhai Petrochemicals Project, China - both the Renminbi and US Dollar lenders, which include seven PRC and twelve international banks, in the project financing of the greenfield Nanhai Petrochemicals Complex in Guangdong Province, China - one of the largest Sino-foreign developments in history and one of the largest private project financings ever done in Asia, with a total investment of US$4.3 billion

India

• Bauxite Mine and Alumina Refinery Project, India - Alcan and Indian Aluminium Company, owned by Norsk Hydro, as project company in the development of a major bauxite mine and alumina refinery in India
• Naphtha Fired Power Project, India – the lenders in the financing of a 700 MW naphtha fired power plant in Dholpur, India
• Neyveli Power Project, India - the lenders in the successful limited recourse financing of the Neyveli Power Project, a 250 MW lignite fueled power plant in India

Indonesia

• 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
• Muara Laboh Geothermal Project, Indonesia – the export credit agencies and commercial bank lenders in the US$440 million project financing of the 80 MW Muara Laboh geothermal power project in West Sumatra, Indonesia
• Jambaran-Tiung Biru Gas Project, Indonesia – PT Pertamina EP Cepu in the US$1.8 billion financing for the construction and development of a gas processing facility and pipelines in East Java, Indonesia
• Tanjung Jati B 5 & 6 Power Project, Indonesia – the export credit agencies and commercial bank lenders in the US$3.55 billion project financing of the 2x1,000 MW Tanjung Jati B 5 & 6 coal-fired power project expansion in Central Java, Indonesia
• Gresik Copper Project Refinancing, Indonesia - Mitsubishi Materials Corporation in the refinancing of the Gresik Copper Smeltter & Refinery project, a 300,000 TPY copper cathode production plant in Indonesia
• 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
• Sarulla Geothermal Power Project, Indonesia - Japan Bank for International Cooperation (JBIC), Asian Development Bank (ADB) and the commercial bank lenders in the financing of the Sarulla geothermal power project in North Sumatra, Indonesia
• Tanjung Jati B Power Project, Indonesia - Sumitomo Mitsui Banking Corporation as lead arranger and the other commercial bank lenders in the US$1.6 billion financing of the 2 x 660 MW coal-fired Tanjung Jati B power plant in Central Java, Indonesia with loans and credit support from Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI), and a liquidity facility from the Ministry of Finance of Indonesia
• Wayang Windu Unit 2 Expansion Financing, Indonesia - Standard Chartered Bank and the other commercial bank lenders in the financing of the Unit 2 expansion and the refinancing of the existing Unit 1 of the Wayang Windu geothermal power project

Korea

• Gangwon Wind Power Project, Korea - BNP Paribas and Eksport Kredit Fonden (EKF), the Danish Government's export credit agency, in the €97 million financing of the Gangwon wind power project, a 99 MW wind power project in Korea being developed by Unison Co., Ltd. - the largest wind financing in Asia and was one of the first projects to be signed following the implementation of the Kyoto Protocol in February 2005 and certified under the Kyoto Protocol's Clean Development Mechanism (CDM) program
• K-Power Project, Korea - the lenders, led by The Korea Development Bank, in the KRW 440.5 billion financing of a 1,074 MW gas-fired combined cycle plant in Kwangyang, Korea with sponsors SK Corporation and BP plc
• Yeong Yang Wind Power Project, Korea - the lenders in the KRW104 billion bridge loan financing for the construction and development of the Yeong Yang wind power project in Gyeongsangbuk, Republic of Korea
• Youngduk Wind Power Project, Korea - BNP Paribas as lender in the US$66 million financing of the Youngduk Wind Power project, a 39.6 MW wind farm power project in North Kyongsang, Republic of Korea

Laos

• 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
• Houay Ho Hydropower Project, Laos - a group of Thai commercial banks in the US$100 million (including THB1.2 billion) project financing of the 150 MW Houay Ho hydropower project sponsored by Tractebel in Lao People's Democratic Republic
• Theun-Hinboun Power Project, Laos - Theun-Hinboun Power Company Limited as borrower and GMS Power Private Company Limited as sponsor in the US$152 million (including THB3 billion) refinancing of the Theun-Hinboun power project in Laos
• Xe-Pian Xe-Namnoy Hydroelectric Power Project, Laos – Export-Import Bank of Thailand (EXIM Thailand) and the commercial bank lenders in the US$1.04 billion financing for the 410 MW Xe-Pian Xe-Namnoy hydroelectric power project in Laos

Myanmar

• Mandalay Solar Power Project, Myanmar – the lenders in the project financing of a solar power project in Myanmar
• Gas-Fired Power Project, Myanmar - the turnkey contractor on a 350 MW gas-fired power plant in Myanmar

Pakistan

• Metro Power Wind Power Project, Pakistan - Metro Power Company as borrower, Infraco Asia and other shareholders in the US$131.5 million project development and financing of a 50 MW wind power project in Jhimpir, Sindh Province, Pakistan financed by Eco Trade and Development Bank, the International Finance Corporation, National Bank of Pakistan and United Bank
• 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

Philippines

• San Miguel Corporation on the US$2.165 billion Phase 1 financing of the land development works for a new airport to be constructed in Bulacan, Philippines
• Mariveles Coal-Fired Power Plant, Philippines - Denham Capital Management in the US$728 million project financing for the 600 MW Mariveles coal-fired power facility, including a private port facility and associated facilities in the Philippines
• CBK Hydroelectric Power Plant Acquisition, Philippines - J-Power and Sumitomo Corporation in the acquisition from IMPSA and Edison Mission Energy of the CBK Hydroelectric power project in the Philippines and the concurrent acquisition financing provided by Japan Bank for International Cooperation (JBIC), Mizuho, and ING

Singapore

• Desalination Project, Singapore - BNP Paribas in the successful bid by Hyflux to develop the Singapore desalination 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
• Marina Bay Integrated Resort and Casino, Singapore - Harrah’s in their multi-billion dollar bid with Keppel Corporation to build and operate the Marina Bay Integrated Resort and Casino in Singapore
• Senoko Power Acquisition and Financing, Singapore - Lion Power Holdings Pte Ltd, a consortium comprising Marubeni Corporation, GDF SUEZ S.A, The Kansai Electric Power Co., Inc., Kyushu Electric Power Co., Inc. and Japan Bank for International Cooperation (JBIC) in the successful acquisition, through a SGD2.9 billion bridge credit facility for the acquisition of Senoko Power Limited which also included the refinancing of certain indebtedness of the company, and a ¥67 billion (approximately SGD895 million) repowering credit facility

Thailand

• BLCP Power Project Refinancing, Thailand - the lenders in the refinancing of BLCP’s 2 x 717 MW (gross) coal-fired power generating facilities in Map Ta Phut, Thailand
• BLCP Power Project, Thailand - Asian Development Bank and the Thai and international commercial bank lenders in the US$1.34 billion financing of a 1,434 MW, coal-fired power project in Map Ta Phut industrial estate, Rayong Province, Thailand, with sponsors CLP Holdings Limited and Banpu Public Company Limited
• Bowin Power Project, Thailand - the lenders in the financing of the Bowin power project, a 713 MW gas-fired power plant in Thailand
• Eastern Power Project, Thailand - the commercial bank lenders in the US$250 million (includes THB875 million) financing of the 350 MW gas-fired Eastern power project in Bang Bo, Samut Prakarn Province, Thailand, with sponsors GMS Power, China Development Industrial Bank, Marubeni Corporation and Total Fina and a facility supported by MITI
• Independent Power Company Financing, Thailand - the lenders in the refinancing of the Independent Power (Thailand) Company Limited’s offshore credit facilities in the amount of approximately US$50 million in respect of the 700 MW gas fired power project in Sriracha, Cholburi Province, Thailand
• 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 with the acquisition by Ratchaburi Electricity Generating Co. Ltd. financed by an IPO of the THB equivalent of US$480 million and US$1.1 billion in debt financing
• Tri Energy Power Project, Thailand - Sanwa Bank, DKB, Bank of Tokyo-Mitsubishi and Fuji Bank in the US$290 million refinancing of the 700 MW Tri-Energy gas-fired power project in Thailand

Vietnam

• Mong Duong II Power Project, Vietnam - the lenders in the financing and development of the 1,200 MW Mong Duong II coal-fired power project - the first coal-fired Build-Operate-Transfer project in Vietnam, the largest independent power project ever undertaken in the country, and the first financing for an independent power project in Vietnam since 2003
• Nghi Son 2 Power Project, Vietnam - International Finance Corporation (IFC) and the Government of Vietnam in the structuring and overseeing the tender process for the Nghi Son 2 coal-fired power project in Nghi Son, Vietnam