Afridi & Angell has been representing stakeholders in the infrastructure and energy sectors in the UAE and abroad for over 25 years. We represent project developers and sponsors, investors, and lenders, on all aspects of projects from inception to financing and implementation. We have been involved in projects across all sectors including power generation and transmission, oil and gas.
Our lawyers have concluded transactions with a cumulative value of over US$4 billion spread over several project finance transactions. We advised on the first ever private sector hydel power plant in Pakistan and the first ever in the Kashmir region. It was also the first to be jointly financed in the private sector by the Asian Development Bank and the Islamic Development Bank.
We advise on the myriad of legal issues arising from the exploration, production, transportation, distribution, trading and storing of petroleum and natural gas. We have also been involved in advising our oil and gas clients in environmental regulation, restructuring, mergers and acquisitions, joint ventures, and dispute resolution. We have acted as primary outside legal counsel to several oil majors, including Texaco, Gulf Oil (and later Chevron), Caltex, Exxon, Conoco, Total, Mobil Petrochemicals and Exxon Chemicals.
We are well versed on the bidding and tender regulation in the UAE and the UAE federal laws governing contracts of public works, services and supplies. In addition to the federal law, we are also familiar with the specific provisions regulating government procurement activities for each individual Emirate.
As counsel to project developers and sponsors in energy projects we advised our clients on all aspects and phases of the transaction, including preparation of bid documents, negotiating and drafting of project concession agreements. We also advise clients with respect to the preparation and filing of applications for necessary approvals, permits and consents of local governments and agencies and instrumentalities.
Advising a Japanese energy company as sponsors’ legal counsel in relation to the development and financing of a gas fired power plant in the UAE.
Advising the lender in connection with a AED 110 million non-recourse term loan facility to part-finance the development, construction and operation of a Refuse Derived Fuel facility in the Emirate of Umm Al Quwain. This was a PPP project and the first waste-to-energy project to be implemented in the UAE.
Advising a syndicate of Indian banks on providing facilities to the borrower to finance a PPI project development and operation of a retail complex and robotic car parking at the Dubai Courts site. This landmark deal was the first public private partnership (PPP) project under Dubai’s PPP law and the first time that the Dubai Courts have given a concession to an overseas company to develop their land in downtown Dubai.
Advising DEWA in respect of solar power projects for various several distribution companies to be organized on a public private partnership basis.
Advising the bidder on the first privatisation project in the Abu Dhabi water and power sector.
Advising the bidder on the second privatisation project in the Abu Dhabi water and power sector.
Acting as local counsel to a syndicate of lenders in respect of the USD 1.1 billion refinancing of the Taweelah A10 Independent Water and Power Project (IWPP).
Advised the bidder on the third privatisation project in Abu Dhabi water and private sector.
Advising the bidder on the fourth privatization project in the Abu Dhabi water and power sector. We also advised the lenders in this project.
Project counsel to Hawa Holding of a 50 MW wind farm in the Jhimpir wind corridor of Pakistan. The Project is using GE turbines. The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, is the lender to the Project.
Project counsel to Laraib Energy Limited (the first independent hydropower producer in Pakistan) of a 84 MW hydroelectric power generating complex on the Jhelum River in Azad Jammu and Kashmir. This was the first ever private sector hydel power plant in Pakistan and the first ever in the Kashmir region. It is also the first to be jointly financed in the private sector by the Asian Development Bank and the Islamic Development Bank. This Project was awarded the “Middle East renewable deal of the year (2009)” by Project Finance Magazine.
Project counsel to Jhimpir Power (Private) Limited of a 50 MW wind power project located in Sindh, Pakistan. OPIC is the lender to the Project and a large Middle East-based power developer is the key sponsor.
Project counsel to the EPC Contractors (a consortium led by Impregilo) of the 3,000 MW Ghazi-Barotha Hydropower Project on the Indus River in North-West Pakistan. This was the largest power channel project ever built.
Advising an international consortium in respect of a pilot 4 x 5 MW Solar Project, to be developed in rural Pakistan on a PPP basis.
Representing a substantial business house in the Syrian Arab Republic in respect of the first independent power project in the country.
Representing Powerchina and Datang on the 1200 MW coal fired power plant project in Pakistan.