In a landmark transaction representing the German utility’s first step toward tapping into the high potential of the American market, Peace | Crowell advised EnBW Energie Baden-Württemberg AG in establishing its regional subsidiary, EnBW North America, and in negotiating and documenting a joint venture with Trident [Read more…]
MOHAMED BIN ZAYED, MOON JAE-IN DECLARE COMPLETION OF BARAKAH UNIT 1 CONSTRUCTION
The Emirates Nuclear Energy Corporation, which Peace | Crowell represents in connection with the UAE’s first nuclear power project, and Korea Electric Power Corporation have announced the successful completion of Barakah Unit 1 construction. His Highness Sheikh Mohamed bin Zayed said, “This is a historic moment [Read more…]
TWO MORE NUCLEAR REACTORS CONNECTED TO UAE’S ELECTRICITY GRID
The Emirates Nuclear Energy Corporation, which Peace | Crowell represents in connection with the UAE’s first nuclear power project, has recently announced a series of significant milestones, including the connection of two more nuclear power generating units to the UAE’s electricity transmission grid. Read more [Read more…]
KEPCO Announced as Preferred Bidder to Acquire NuGen
Peace | Crowell acts as project and finance counsel to NuGeneration Limited, the developer of a proposed new nuclear power station at the Moorside site in West Cumbria, North West England. Today, the Korea Electric Power Corporation has been announced as preferred bidder in ongoing [Read more…]
TXF MENA 2017: ECA, Project & Trade Finance
Peace | Crowell was a sponsor of last week’s TXF MENA 2017: ECA, Project & Trade Finance conference in Dubai. Jason Crowell, the firm’s managing partner, participated in a panel with the Export-Import Bank of Korea and the Emirates Nuclear Energy Corporation (ENEC) discussing debt [Read more…]
INTERNATIONAL FINANCIAL LAW REVIEW 2017 MIDDLE EAST AWARDS
Peace | Crowell acted as lead counsel to the borrower and host country developer in the $24.4 billion financing of the U.A.E. new-build nuclear power project – the Barakah Nuclear Power Plant – which was awarded “Project Finance Deal of the Year” at the 2017 [Read more…]
BARAKAH HEDGING ARRANGEMENTS
Peace | Crowell advised Barakah One Company in the negotiation and documentation of International Swaps and Derivatives Association agreements and schedules to implement its interest rate and foreign exchange hedging programs, which among other notable milestones are among the first such arrangements under new hedging [Read more…]
ALTERNATIVE BUSINESS STRUCTURE UPDATE: US ENERGY SPECIALISTS SET UP IN LONDON
Peace | Crowell has been profiled in Legal Futures after opening a London office as an alternative business structure, which allows flexibility for ownership and management participation by non-attorneys. Read more at http://www.legalfutures.co.uk/latest-news/abs-update-us-energy-specialists-set-london-plus-fairpoint-metamorph-irwin-mitchell-news.
TOSHIBA BUYS ADDITIONAL STAKE IN U.K. NUCLEAR POWER PROJECT
Peace | Crowell acts as lead project and finance counsel to the developer of a proposed new generation nuclear power station at the Moorside site in West Cumbria, North West England, and has advised in that capacity on a purchase and sale transaction under which [Read more…]
UNIT 2 OF UAE’S BARAKAH NUCLEAR POWER PLANT PASSES COLD HYDROSTATIC TESTING
Peace | Crowell advises the developer of the UAE’s first nuclear power project and what is currently the largest nuclear construction project in the world. Unit 2 of the Barakah Nuclear Power Plant has successfully completed cold hydrostatic testing, which “ensure[s] that welds, joints, pipes, [Read more…]