LONDON – Bracewell (UK) LLP advised the lenders on the refinancing of the Barka 3 and Sohar 2 gas-fired plants in Oman, following the 15-year extension of their power purchase agreements earlier this year. With a combined capacity of approximately 1.4 GW, the projects were developed by Engie alongside several other international developers, including Sojitz and Yonden.
Oliver Irwin, who led the transaction for Bracewell, commented “We are proud to have advised the lenders on the refinancing of this significant project and to have had the opportunity to showcase our deep knowledge of the Omani IPP and IWP sector.”
Bracewell lawyers involved in the transaction include:
Senior Counsel: Shane Jaftha
Partner: Oliver Irwin
Senior Associate: Sameer Ahuja
Associates: Olivia Wynne Thomas and Tess Luijcx