Hong Kong – LawFuel.com – 24 May 2010 – Orrick, Herrington & Sutcliffe LLP is advising Vietnam Electricity (EVN) as an offtaker in the negotiation of a power purchase agreement with AES Corporation (AES) for the US$1.4 billion development of a 1200 megawatt Mong Duong 2 BOT coal-fired thermal power project. The agreement was signed in April and the project expects to be in operation by the end of 2014.
Orrick’s Vietnam team, led by managing associate Linh Doan and partner Christopher Stephens, is advising EVN in relation to the power purchase agreement, the government guarantee and some aspects of the BOT contract.
“We are delighted to be working with our long-standing client EVN on this landmark energy project,” said Doan. “This transaction represents the first coal-fired BOT project to be completed in Vietnam and it took five years to negotiate.”
Orrick’s specialist Vietnam projects and energy team has unparalleled experience in advising on power and large-scale infrastructure projects in Vietnam. Our team is currently advising on the majority of ongoing Vietnam power projects including Hai Duong 1, Vinh Tan 1 and Nghi Son 2.
Orrick, Herrington & Sutcliffe LLP is a global law firm with more than 1,100 lawyers in North America, Europe and Asia. The firm focuses on litigation, complex and novel finance and innovative corporate transactions. Orrick clients include Fortune 100 companies, major industrial and financial corporations, commercial and investment banks, high-growth companies, governmental entities, start-ups and individuals. The firm’s 22 offices are located in Beijing, Berlin, Düsseldorf, Frankfurt, Hong Kong, London, Los Angeles, Milan, Moscow, New York, Orange County, Paris, Portland, Rome, Sacramento, San Francisco, Seattle, Shanghai, Silicon Valley, Taipei, Tokyo and Washington, D.C.