Chadbourne & Parke wins Al-Qatrana advisory work

06 August 2008
Chadbourne & Parke has been selected to act as legal adviser to the lenders on Jordan’s Al-Qatrana independent power project (IPP).

BNP Paribas is the lead arranger.

A consortium of Korea Electric Power Corporation (Kepco) and Saudi Arabia’s Xenel Industries is the low bidder for the estimated $500m project.

Chadbourne & Parke was originally the legal adviser to a consortium of Dubai-based AES Oasis, Mitsui & Company and Tohoku Electric Power, both of Japan. The group was the second lowest bidder after the Kepco consortium.

Allen & Overy is the legal adviser to the Kepco-Xenel group. South Korea's Lotte Engineering & Construction is the engineering, procurement and construction contractor.

Bids were also submitted by a team of the UK's International Power, Saudi Oger and South Korea's Hanwha Engineering & Construction; and by Turkey's Gama Energy with Japan's Mitsubishi Corporation and the local Energy Arabia (MEED 8:5:08).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications