March 29, 2018
IJGlobal has recognized Latham & Watkins as North America Legal Advisor of the Year at the IJGlobal 2017 Awards. The firm’s Project Development & Finance Practice also earned recognition for advising on four Deals of the Year spanning the power, oil and gas, and infrastructure sectors, in connection with projects based in Africa, Asia, and North America. According to the project finance and infrastructure journal, the IJGlobal Awards “are a celebration of best in class deals in energy and infrastructure over the past year.”
The honored projects include:
- Nacala Logistics Corridor (African Transport Deal of the Year) – Latham represented the Japan Bank for International Cooperation (JBIC) as a lead arranger in the financing of the Nacala Railway Corridor Project, the largest-ever infrastructure project financing in Africa.
- Paiton Energy Refinancing (Asia Pacific Project Bond Deal of the Year) – Latham advised the trustee, agents, and the exiting export credit agency lenders in the US$2 billion project bond refinancing undertaken by PT Paiton Energy (Paiton), which owns and operates three coal-fired units providing a combined capacity of 2,045MW in Java, Indonesia.
- Elba Island Liquefaction (North American Midstream Oil & Gas Deal of the Year) – Latham represented EIG Global Energy Partners as the sponsor and borrower in the acquisition and financing of a 49% interest in the Elba Island Liquefaction Project, a 2.5-MMPTA liquefaction facility currently under construction in Savannah, Georgia featuring innovative modular technology.
- Hickory Run (North American Power Deal of the Year) – Latham advised BNP Paribas, Bank of America, and Credit Agricole as lead arrangers in connection with the construction financing of the 1000-MW Hickory Run power project in Lawrence County, Pennsylvania, one of the only construction financings of new gas-fired power plants in the PJM market to be completed in 2017.