Squire, Sanders & Dempsey Advises on IFLR ‘Project Finance Deal of the Year’

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    Squire, Sanders & Dempsey advised on International Finance Law Review’s ‘Project Finance Deal of the Year,’ the refinancing of ContourGlobal L.P’s ‘quad gen’ power plants, announced at the 2011 European Awards held recently in London.

    Squire Sanders’ Kyiv office, with Peter Teluk (partner) and Volodymyr Smelik (associate) along with assistance from Val Papirnik (Prague) advised ContourGlobal on the Ukrainian project financing for the building and operating of combined heat and power plant in Ukraine.  The Ukrainian project is one of 13 projects for which ContourGlobal received $250 million of financing from the Overseas Private Investment Corporation (OPIC) to build CHP plants at Coca-Cola Hellenic Bottling Company plants, including plants in Ukraine, Russia and Slovakia.  Sergey Treshchev (Moscow) and Julian Juhasz (Bratislava) have assisted with project financing in Russia and Slovakia, which are in process but not yet completed.

    The project was also awarded the Europe, Middle East and Africa Power Portfolio Deal of the Year 2011 by Euromoney’s Project Finance magazine.

    ContourGlobal is a power and energy operating and development company headquartered in New York, managing projects in a diverse set of markets including the United States, Europe, Brazil, Colombia, Togo, Rwanda, Nigeria and Ukraine.  The company develops and operates electric and combined heat and power businesses around the world for both governments and multinational companies.

    Nicola Woodmass
    Head of Communications
    Squire, Sanders & Dempsey (UK) LLP

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