Advising and working as the Lender’s Counsel on behalf of Power Finance Corporation Limited for its various power projects located at Maharashtra.
Advising and working as the Lender’s Counsel on behalf of Power Finance Corporation Limited for its various power projects located at Maharashtra.
Advising the ONGC Tripura Power Company Ltd project finance documentation acting for Power Finance Corporation as lender's counsel. We have handled all the financing documents towards Lender’s behalf for the financial closure of the same.
Assisting the Ministry of Finance, Government of India in restructuring of Dhabol Power Company (ENRON) vis-à-vis settling of lenders’ claims and reviving the project.
Entire documentation of Kondapalli Power Project (Lanco Group) at Andhra Pradesh was handled and finalised by one of our Partners who was then head of the Legal Department of one of the premier financial institutions.
Project Finance of a Hydro-electric Mega power project by a consortium of eleven banks and financial institutions lead by Rural Electrification Corporation Limited (REC). The transaction involved the financing of the 1200 MW Teesta III Hydroelectric Project (‘Project’) located in North District of Sikkim, with a loan of Rs 4560 Crores (approximately 1.14 billion $) by a consortium of eleven banks and financial institutions.
Power Finance Corporation (PFC) -Sasan Ultra Mega Power Project: Acted as Counsel on behalf of Power Finance Corporation (PFC) regarding the transfer of Sasan Power Project SPV to Reliance Energy.
Power Finance Corporation (PFC) - Bidding documents. Part of the team involved in the revision of the Standard Bid Documents (Request for qualification, Request for Proposal and Power Purchase Agreement) being used for preparing the bidding documents for Ultra Mega Power Projects on behalf of Power Finance Corporation. The work involved review of Electricity act, the Governmental policies and discussions with Ministry of Power and PFC.
Documentation of the loan sanctioned by Power Finance Corporation to Jindal Thermal Power Company Limited (debt-refinancing) entailing vetting and finalisation of Loan Agreement, Pari Passu Agreement, Security Trustee and Agent Agreement, Pledge Agreement, Memorandum of Hypothecation, Indenture of Mortgage, Letter of Waiver, Deed of Re-Conveyance, Declaration etc. (Project cost - Rs. 1100 crores).
Documentation of the loan sanctioned by Power Finance Corporation to Maharashtra State Electricity Board in respect of thermal power station at Beed, Maharashtra entailing drafting of the Loan Agreement, Mortgage Deed / Undertakings, Board Resolution and opinion on the Title Search Report etc. (Project cost -Rs. 400 crores)
Documentation of the loan sanctioned by Power Finance Corporation to Gautami Power Limited in respect of 469 MW combined cycle power project in Andhra Pradesh entailing vetting and finalisation of Loan Agreement, Pari Passu Agreement, Security Trustee and Agent Agreement, Pledge Agreement, Memorandum of Hypothecation, Indenture of Mortgage, Letter of Waiver, Deed of Re-Conveyance, Declaration etc. [Project cost: Rs. 1500 crores]
Acted on behalf of Power Finance Corporation with respect to documentation of the loan sanctioned by Power Finance Corporation to Himachal Pradesh Electricity Board for Hydro Electric Projects in Kashang in Himachal Pradesh.[Project cost: Rs. 769 crore
Acted on behalf of Power Finance Corporation Ltd. in connection with its financial assistance to Enercon Wind Farms (Rajasthan) Pvt. Ltd. and Enercon Wind Farms ( Jaisalmer) Pvt. Ltd for procurement of equipment under Lease finance scheme for setting up wind farms in Rajasthan. [Project cost : INR 115 Crores]
Advised project developer on all aspects including the negotiation of the power purchase agreement, initial financing, regulatory and environmental approvals, issues relating to land acquisition and settlement of displaced persons, EPC contracts, vendor credit, insurance and all related issues in the Maheshwar Hydel Projects for S.Kumars.
Involved in negotiations, power purchase agreements, implementation agreements, State Government guarantees with MPEB for Essar.
Advised Citibank, the main lender in the Bhilai Project for Citibank / Larsen & Toubro.
Acted as Indian counsel for the lenders and advising on all Indian law issues relating to the project including power purchase agreements and financial documents both for foreign currency and rupee financing, devising an appropriate security package in consultation with the developers, Indian legal counsel, drafting and negotiating security documents to conducting detailed due diligence on the project especially with respect to statutory and regulatory approvals including environmental approvals and title to land for Videocon Power Ltd.
Advised on all aspects, carried out due diligence documentation for Rural Electrification Corporation, India Renewable Energy Development Authority (IREDA) with respect to several energy projects as under:
• Suzlon Green Power Company Limited;
• Bhomka Power Corporation Limited;
• Suzlon Windfarms Services Company Limited;
• Malwa Power Company Limited;
• Himkailash Hydropower Private Limited;
• Chamoli Hydro Power Limited; and
• M.P. Windfarms Limited.
Advised Acted for EPC Contractor in a fast track Mega Power Project in Andhra Pradesh.
EnBw International GmbH : advised in relation to its proposed power projects in Andhra Pradesh
Advised Ecolutions GmBH Limited in relation to its proposed investment in the field of Bio mass power projects by way of acquiring an existing Indian entity, Turboatom TPS Projects Limited engaged in such projects. This involved carrying out of a due diligence exercise, providing detailed due diligence report, drafting and finalization of the necessary documents in relation to project financing and the joint venture.
Advised IDFC, the Financier in relation to Bio-energy Power Project in Lucknow
General advisory role for the Tata Electrical Companies.
Advised Southern Energy Asia Pacific in relation to 3600 MW power project in Orissa
Advised Octagon Consolidated Berhad in acquiring 3 major power plant companies in Southern India.
Advised Global Renewable Energy Partners (GREP) in its Windfarm Project in Karnataka, India
Advised in respect of fuel supply agreement for the IB Valley Power Project in West Bengal
Acted for SIAL SBEC Bio Energy Limited in respect of a captive cogeneration power plant in U.P.
Power Grid Corpn. Of India: Tala Transmission Project, Advised on the bidding process and the project documentation, carried out negotiations of shareholders agreements, implementation agreements and transmission agreements.
Steel Authority of India Ltd: Disinvestment of Power Plants at Rourkela, Durgapur and Bokaro, Advising merchant bankers for transaction structure, procedures involved in tenders, drafting of share purchase agreement, shareholders agreement, assignment of business, fuel supply agreement and other definitive agreements. Also supervised the bidding process as legal advisors, reviewed and advised on the agreements between SAIL and NTPC for acquisition of the power plants.
Energy Equity of Australia: PPN Power Project, Involved in negotiations with Tamil Nadu Electricity Board.
Advising Velcan Energy Holdings (Dubai) Limited on a Hydro Power Project of upto 100 MW.
Advising T Solar, Spain in relation to setting up solar power projects in India
Advising Premier Oil in relation to oilfield projects in India
Acting for Premier Oil in relation to its ongoing exploration activities in India
Advising Gas Authority of India (GAIL) (India) Limited on various issues including its participation in the restructuring of the Dabhol Power Company
iv. Assisting Oil India Limited (OIL) in its expansion programme and future listing
Appointed as legal consultant for the Consortium of Petronet, comprising Indian Oil Corporation Limited (IOCL), GAIL, Oil and Natural Gas Commission (ONGC) and Bharat Petroleum Corporation Limited (BPCL) for proposed LNG supplies and re-gasification services to National Thermal Power Corporation (NTPC).
Acted for IOCL in the disinvestment of the stake of Government of West Bengal and other Promoters of Haldia Petrochemicals Ltd.
General Advisory role for Petronas, Hardy Oil and Gas( UK), Phoenix Group, Mobil, British Petroleum, Shell, TIDCO etc.
Advising SHV Energy NV’s Indian subsidiary in relation to its LPG ventures in India.
Advised Petronet LNG in relation to its proposed joint venture with Gas De France
Advising Invensys in relation to the largest refinery project in India at Jamnagar
Assisted Azerbaijan International Operating Company in connection with structuring of petroleum project.
Acted on behalf of Indian Oil Corporation in its bid to acquire 51% in a government owned Turkish refinery TUPRAS in Turkey.
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