13
Thu, Aug
51 New Articles

Dentons and BASEAK Advise Energo-Pro on Financing of Alpaslan II Project

Dentons and BASEAK Advise Energo-Pro on Financing of Alpaslan II Project

Turkey
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Dentons and Balcioglu Selcuk Akman Keki Avukatlik Ortakligi have advised Czech-based hydroelectricity group Energo-Pro on securing EUR 175 million in financing for the development, construction, and operation of the Alpaslan 2 dam and hydropower plant in Turkey. The financing was arranged by MUFG Securities EMEA plc and Ceska Exportni Banka, and is partially backed by the Export Guarantee and Insurance Corporation, with HSBC acting as the security agent. Allen & Overy reportedly advised MUFG and HSBC on the deal.

According to Dentons, “Energo-Pro operates hydropower plants in Central and Eastern Europe, the Black Sea, and Caucasus. Its Alpaslan 2 project is located on the Murat river in Mus province, Turkey, and will have a licensed generation capacity of 280 MW.”

BASEAK’s Istanbul-based team was led by Partner Tamsyn Mileham and included Partner Ian McGrath, Counsels Ceren Su and Yasemin Saris, and Associates Fulya Gorer, Canberk Varis, and Sena Mutlu. Dentons’ Prague-based team included Partners Jiri Tomola, Tomas Osicka, and Petr Zakoucky, and Associates Martin Mandulak and Martin Fiala.

Editor's Note: After this article was published Allen & Overy confirmed that it advised MUFG Securities EMEA plc on the EUR 175 million financing. According to A&O, "the transaction was further financed by Ceska Exportni Banka and backed by the Czech export credit agency EGAP."

Istanbul-based Allen & Overy Partner Joe Clinton led on English law aspects of the financing, with support from Istanbul-based Associates Sarah Yeowart and Edward Charlton-Jones, while Turkish Counsel Umut Gurgey led on Turkish law aspects of the transaction, with support from Associates Dilsah Gurses and Burak Ozsoy, Prague-based Senior Associate Jana Marsalkova led the Czech law aspects of the transaction with support from Tereza Veverkova. A separate Allen & Overy team led by London-based Partner Simon Hill and Dubai-based Counsel Chris Angus with support from Dubai-based Associate Ian Convey advised HSBC in its capacities as Security Agent and Account Bank.

Turkey Knowledge Partner

NAZALI offers a broad range of services in the fields of Tax, Audit, Corporate and Commercial Law, Mergers & Acquisitions, Corporate Finance, Banking, Finance and Capital Markets, Protective Legal Services and Dispute Resolution, Personal Data Protection and Privacy, Social Security and Labor Law, Occupational Health and Safety, Competition Law, Intellectual Property Law and R&D, Compliance and White-Collar Crimes, Administrative Law, Real Estate Law, Customs and Foreign Trade, Accounting and Payroll, Financial Incentives and Advisory Services and Public Administration and Compliance through its partners, associates and consultants of different seniorities who have both public and private sector experience.

What sets NAZALI apart from others is that NAZALI offers a truly comprehensive service to its clients with experts from different disciplines working collaboratively as a team under one roof enabling us to evaluate all dimensions of legal matters together with financial and technical matters.

The services that NAZALI provides to its clients include the most appropriate solution with the support of technical departments specialized in their fields. In this context, NAZALI associates are supported by NAZALI technical team and work alongside the experts in the fields of finance, social security and customs matters. NAZALI has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

As conditions continuously evolve, NAZALI always aims to further itself remaining true to its motto “GROW WITH KNOWLEDGE” and has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

Firm's website: http://www.nazali.com

Our Latest Issue