Project Finance
Kabraji & Talibuddin has a highly reputed team of project finance specialists. The firm maintains a substantial lender-side client base and has been consistently recognised for its market-leading practice in project finance and energy.
Notable experience
- Acting for International Finance Corporation, US International Development Finance Corporation and local lenders in connection with the debt financing of equity investment in a 50MW wind power project of Tenaga Generasi Limited, a subsidiary of Dawood Lawrencepur Limited, located in Sindh.
- Acting for Burj Capital on the execution of a power project in Sri Lanka, which included drafting a power purchase agreement entered into by Burj Capital and a Sri Lankan power purchaser.
- Acting for Green Climate Fund, a multilateral fund established under the framework of the United Nations Framework Convention on Climate Change, on its Funded Activity Agreement with JS Bank Limited for financing the purchase of renewable energy equipment in Pakistan.
- Acting for Uch Power Limited (Pakistan’s largest IPP under the Government of Pakistan’s 1994 Power Policy) and its sponsor, International Power GDF Suez, in respect of a 400 MW expansion of the company’s low BTU gas-fired project in Balochistan.
- Acting for the lenders and equity arrangers in the 235 MW gas-fired Liberty Power Project; and for the sponsors and the project company in the 126 MW oil-fired Tapal Power Project and the Tractebel Khaleej Power Project.
- Acting for the lenders and equity arrangers in the 235 MW gas-fired Liberty Power Project; and for the sponsors and the project company in the 126 MW oil-fired Tapal Power Project and the Tractebel Khaleej Power Project.
- Acting for the United States Export Import Bank and other lenders in connection with the restructuring of the debt financing of Saba Power Project, a 134MW coal power plant in Punjab.
- Acting for the Asian Development Bank, Islamic Development Bank, International Finance Corporation, Proparco, and a consortium of local lenders led by Habib Bank Limited and the National Bank of Pakistan on the 79 MW New Bong Escape Hydroelectric Project in Azad Jammu and Kashmir.
- Acting for the International Finance Corporation, DEG, and FMO on a technical advisory assignment in respect of a wind power generation project in Sindh sponsored by Green Power (Tapal).
- Acting for the International Finance Corporation and other senior lenders (principally European state development finance institutions) in the financing of a 217 MW gas-fired power project in Sindh.
- Acting for Uch Power Limited and its sponsor, International Power GDF Suez, in respect of a 400 MW expansion of the company’s low BTU gas-fired project in Balochistan.
- Acting for the National Bank of Pakistan and Habib Bank Limited as the lead arrangers of a multi-facility financing of a 220 MW expansion project for the Hub Power Company Limited at Narowal in Punjab.
- Acting for a consortium of Pakistani banks led by MCB Bank Limited in the project financing of the 50 MW Wind Power Project by Fauji Fertilisers Company Energy Limited.
- Acting for the National Bank of Pakistan as the Intercreditor Agent and Security Trustee in a US$ 750 million multi-currency and multi-facility financing for the fertiliser expansion project for Engro Chemical Pakistan Limited.
- Acting for Askari Bank Limited as the lead arranger in connection with a syndicated US$ 125.5 million standby letter of credit facility on behalf of Northern Power Generation Company Limited for a rental power project in Faisalabad.
- Acting for the International Finance Corporation, Asian Development Bank, Islamic Development Bank, and Korean Export Import Bank in connection with the financing of the 150 MW Patrind Hydropower Project in Khyber Pakhtunkhwa.
- Acting for the Export Credits Guarantee Department of the UK in connection with the financing of ICI Pakistan Limited’s Pure Terephthalic Acid Plant in Pakistan.
- Acting for Overseas Private Investment Corporation in connection with its financing of the 50 MW Sapphire Power, 50 MW Jhimpir Power, and 49.7 MW Hawa Energy wind power projects.
- Acting as Pakistan counsel for the lenders in the 131 MW Kohinoor Power, 136 MW Gul Ahmed Power, and 117 MW Southern (Raiwind) Power oil-fired power projects.
- Acting as local counsel for the lenders in connection with the 873 MW Suki Kinari hydel power project.
- Acting as local counsel for the lenders in connection with the financing of the 720 MW Karot hydel power project. The Karot project has been nominated in ‘Deals of the Year: Project Finance, 2018’ by the IFLR Asia Awards, the ‘Winner: Asia Pacific Hydro’, IJGlobal Awards, 2017 and the ‘Winner: Deals of the Year 2017’, China Business Law Journal.
- Acting as counsel for the lenders for the 1124 MW Kohala hydel power project.
- Acting for International Finance Corporation and DEG and a consortium of local banks in relation to the financing of the ‘Super Six Wind Projects’ each a 50 MW wind power project to be set up in Jhimpir, Sindh.