2004
JBIC - Cantarell Nitrogen Project September 2004
We represented JBIC in connection with limited recourse financing of $1 billion nitrogen production and delivery facility
in the Bay of Campeche, Mexico.
U.S. Ex-Im Bank - Ankara Power Project, Turkey September 2004
Represented U.S. Ex-Im Bank in the financing of the Ankara 760 MW gas fired power project in Turkey, sponsored by Tractebel
and Mimag. Morrison & Foerster has played a leading role as lenders' counsel in five limited recourse financings of Turkish
IPPs accounting for over 20% of the country's installed electrical capacity.
South Korean Wind Farm Project September 2004
We are representing a Japanese corporation in connection with the development and financing of the North Kyongsang Wind Farm
project in South Korea.
Electric Power Development Company - Ramagundam Power Project September 2004
Representation of borrower (a Japanese utility) as New York counsel in the $500 million limited-recourse financing of the
Ramagundam Power Project, a coal-fired 520 MW facility in Ramagundam, Karimnagar District, Andhra Pradesh, India.
Tosco Corporation August 2004
Representation of Tosco and its subsidiary, San Pablo Bay Pipeline company, in the purchase of an oil pipeline.
JBIC - Tuxpan V Power Project, Mexico July 2004
We assisted JBIC in connection with the closing of the financing for the $300 million Tuxpan V Power Project, a 495 MW natural-gas
fired power facility to be constructed near Tuxpan, Mexico. JBIC is providing $126 million in direct loans to the project,
which is sponsored by Mitsubishi Corporation and Kyushu Electric Power Company. A commercial bank syndicate led by Mizuho
Corporate Bank Ltd. is providing $84 million in loans to the Project. JBIC is also issuing a political risk insurance policy
covering 97.5% of the commercial banks' exposure.
IDB - La Compañía de Electricidad de San Pedro de Macorís April 2004
Representation of the Inter-American Development Bank in connection with financing and credit support for a 297.6 MW oil-fired
combined-cycle power plant in the Dominican Republic. This transaction also involved the first IDB political risk guarantee
of a host government's payment obligation under a Power Purchase Agreement.
2003
INPEX Corporation - Kashagan Oil Field, Kazakhstan November 2003
Representation of INPEX Corporation in connection with the proposed acquisition of an interest in the Production Sharing Agreement
in respect of an Angolan oil field.
INPEX Corporation - BTC Pipeline Project August 2003
Representation of INPEX Corporation in connection with the acquisition of an equity interest in the project company developing
the US$3 billion Baku Tbilisi Ceyhan pipeline project, and in connection with the continuing development and financing of
the BTC Pipeline Project.
JBIC and NEXI - Tuxpan III & IV Power Project, Mexico May 2003
Represented JBIC and NEXI in the $435 million non recourse financing of a 1,018 MW dual turbine, gas fired electrical power
project in Tuxpan, Mexico, sponsored by Union Fenosa. JBIC is the largest single lender, providing up to $192 million in direct
loans, while NEXI is providing political and commercial risk insurance to the commercial lenders.
OPIC - Paiton I Power Project, Indonesia February 2003
We represented OPIC as lender in a $2.5 billion limited recourse project financing for the construction and operation of a
1230 MW power plant in Indonesia. Due to economic turmoil in Indonesia, the financing for this Project, which closed in 1995,
was restructured in February 2003.
BLCP Power Project, Thailand February 2003
Joint representation of three major private political risk insurers in connection with coverage that the three insurers are
issuing to a syndicate of banks for a loan to the $1.3 billion BLCP power project in Thailand.
