A&G News 21 December 2017
Allen & Gledhill (Myanmar) has been recognised by Project Finance International (PFI) in the 2017 PFI Awards for its involvement in the syndicated financing of the Myingyan power plant project which was named Asia-Pacific Power Deal of the Year.
According to PFI, the project is “the first in Myanmar that has been tendered in a competitive market internationally” and “sets the benchmark for future power projects”. In addition, the US$248 million facility is the country’s first “multi-lender power financing” and the “first long-term project financing”.
Our Firm advised Sembcorp Myingyan Power Co., Ltd (“Sembcorp”) and the consortium of six international financial institutions comprising Asian Development Bank, Clifford Capital, DBS Bank, DZ Bank, International Finance Corporation and Oversea-Chinese Banking Corporation.
Advising Sembcorp and the consortium of financial institutions were Allen & Gledhill (Myanmar) Managing Director Minn Naing Oo and Director Lee Jun Yee.
For more information about the PFI Awards, please click here.