Lebowitz & Edelman Advises on USD1.3bn Project Financing of the Major Power Plant Expansion

Online, October 31, 2013 (Newswire.com) - One of the largest coal-fired power complex in and an independent power producer (IPP) in China was advised through the entire process by the Lebowitz & Edelman team of experts.

The expansion in the form of two additional units is a key infrastructure project for China's energy strategy intended to meet the needs of the economy and increase the country's installed electricity generation capacity. The 700 MW expansion will bring the total gross capacity to 2056 MW.

Lebowitz & Edelman who led the transaction from the firm's Hong Kong office, commented:

"This is one of the biggest transactions in the energy sector in China since 1997. It has set a new standard for large scale financings in the region".

The expansion used Japanese and Korean ECAs in addition to a combination of Chinese and European banks.

The Lebowitz & Edelman team: The transaction was run out of Lebowitz & Edelman's Hong Kong offices. The team was led by Partners Jim T. Kwan and Chiang Tong, supported by associates Ben Lee and Kaity Tong.

The Lenders: Top international banks are the mandated lead arrangers for the international debt facilities and are providing direct loans and loan guarantees for more than 50% of the total project debt.

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