Richard B. Fleming

Mr. Fleming’s representative project finance matters include advising:

• MIND ID on its acquisition of an increased shareholding in PT Vale, an Indonesia-based nickel mining and processing company
• San Miguel Corporation (Philippines) in its US$1.9 billion acquisition of Masin-AES Pte. Ltd. from AES and the EGCO Group. This transaction involves the acquisition of the 630 MW Masinloc coal-fired power plant, its expansion under construction, and the 10 MW Masinloc energy storage project in Zambales, Philippines.
• Tanjung Jati B 5 & 6 Power Project, Indonesia – the export credit agencies and commercial bank lenders in the US$3.35 billion project financing of the 2x1,000 MW Tanjung Jati B 5 & 6 coal-fired power project expansion in Central Java, Indonesia.
• Redondo Peninsula Energy, Philippines - Meralco PowerGen Corporation, Aboitiz Power Corporation, and Taiwan Cogeneration International Corp. in the project financing of a new 300-MW coal-fired power plant in Subic, Zambales, Philippines.
• San Buenaventura Power Project, Philippines - Meralco PowerGen Corporation in the project financing of the San Buenaventura power project, a 455-MW coal-fired generating facility in Quezon, Philippines. This transaction was named Asia-Pacific Power Deal of the Year by Project Finance International (PFI).
• Limay Power Project, Philippines - San Miguel Corporation and commercial banks in the project financing of the Limay Power Plant, a 300-MW coal-fired generating facility in Limay, Philippines. This transaction was named Asia-Pacific Power Deal of the Year by IJGlobal.
• Pagbilao 3 Expansion Project, Philippines - TeaM Energy Corporation (a subsidiary of Tokyo Electric Power Company (TEPCO) and Marubeni Corporation) and Aboitiz Power Corporation, in the development and financing of the 400-MW coal-fired Pagbilao 3 expansion project in the Philippines.
• TeaM Energy Refinancing, Philippines - the Tokyo Electric Power Company (TEPCO) and Marubeni Corporation, in connection with TeaM Energy’s US$220 million mezzanine facility.
• Cameron LNG Project, USA - the export credit agencies and commercial banks in the US$7.4 billion financing of the Cameron LNG project in Louisiana, USA.
• Ichthys LNG Project, Australia - the export credit agencies and commercial banks in the US$20 billion financing of the Ichthys LNG project in Western Australia.
• Senoko Energy Refinancing, Singapore - Senoko Energy Pte. Ltd in the US$875 million refinancing for the repowering of its 2x430MW gas-fired combined cycle plants in Singapore.
• Jurong Aromatics Petrochemicals Project, Singapore - Jurong Aromatics Corporation Pte. Ltd in the US$2.63 billion financing of the Jurong Aromatics petrochemicals project in Singapore.
• PT Smelting Project, Indonesia - Mitsubishi Materials Corporation in the refinancing of its US$300 million working capital credit facility for the PT Smelting copper smelter project in Gresik, Indonesia.