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published
SEPTEMBER 01,
2011 |
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Norton
Rose
advises
on
the
KivuWatt
project
in
Rwanda |
|
International legal practice Norton Rose LLP
has advised developer Contour Global on a US$91.25 million
loan facility to complete Phase I of the KivuWatt project on
Lake Kivu in Kibuye, Rwanda. The total cost of Phase I of
the project is expected to be approximately US$142million.
Phase I of the project comprises an integrated methane gas
extraction and production facility with an associated 25MW
power plant. In Phase II, three more integrated gas
extraction and production facilities are planned, ultimately
reaching 100MW to help support Rwanda’s fast growing
economy.
The loan facility for Phase I is being provided by the
Emerging Africa Infrastructure Fund, FMO (the
entrepreneurial development bank of the Netherlands) and the
African Development Bank, who were advised by Clifford
Chance LLP. The finance documents were signed in Rwanda on
24th August 2011.
The Norton Rose LLP team was led by global head of energy
Simon Currie, energy partner Richard Hill, and energy and
projects partner Madhavi Gosavi. Assistance came from Laurie
Pearson (of counsel), Elizaveta Popova (associate), Ann
Vesely (associate), Iain McClea (associate) and Rosa
Mottershead (senior associate).
The Clifford Chance LLP team was led by energy and
infrastructure partner Anthony Giustini. Assistance came
from Ross Howard (counsel), Adrien Bélanger (senior
associate), Laurence Marle (Avocat à la Cour) and Sohini
Kar-Purkayastha (associate).
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