Chadbourne is involved “in many of the largest and most significant projects in Africa, with particularly impressive activity in the power sector. The team is sought out for its experience on sizeable matters in African jurisdictions from Morocco to South Africa.” – Chambers Global
For more than 15 years, Chadbourne has been assisting international businesses achieve their goals in Africa. Our longstanding Africa practice combines the experience of lawyers based in our Johannesburg, London, Dubai, Istanbul, New York and Washington, DC offices. We have advised clients on matters in more than 45 of 54 African countries, from North African francophone transactions to South African renewables deals, from East African LNG to West African oil and gas, and many other matters. We have a real breadth of experience throughout Africa, particularly in the areas of energy and infrastructure, and considerable knowledge of what it takes to close deals successfully in individual countries.
Our interdisciplinary team advises on matters throughout the continent, including:
- Mergers and acquisitions
- Joint ventures
- Private equity and funds
- Debt capital markets
- Equity capital markets
- Project finance
- Structured and trade finance
- International arbitration
In February 2015, we opened an office in Johannesburg and welcomed the office’s managing partner Lido Fontana to the firm. The Johannesburg office focuses on project financings in the region in particular, oil and gas, mining, power (including renewable energy) and large infrastructure development.
AES Sale of Assets in Cameroon
Chadbourne represented The AES Corporation (AES), a global power company, in connection with the sale of its entire interest in three businesses in Cameroon to UK-based emerging markets investor Actis for US$202 million. The transaction included the sale of a 56 percent equity interest in Société Nationale d’Electricité, Cameroon’s integrated electricity utility, and in two independent power plants: Kribi, a 216 MW gas-fired power plant, and Dibamba, an 86 MW heavy fuel oil-fired plant, in Cameroon.
Chadbourne advised on all aspects of the transaction, fielding a joint corporate and project finance team with French language capabilities and significant experience in the power sector and in francophone Africa.
Open-Cycle Gas Turbine Power Plants in South Africa (Peakers)
Chadbourne represented a GDF Suez-led consortium in its effort to develop and finance two open-cycle gas turbine power plants in South Africa, with capacities totaling 1,005 MW and with a total cost of US$1 billion. The state utility, Eskom, is the offtaker. Together, the greenfield 335 MW Dedisa plant in Eastern Cape province and the 670 MW Avon plant in KwaZulu-Natal province represent the largest independent power producer in South Africa, and the transaction is the biggest IPP financing in sub-Saharan Africa. Financial close was reached on August 5, 2014. The project was awarded “African Power Deal of the Year 2013” by Project Finance magazine.
West Coast One Wind Project
Chadbourne represented the project company, Aurora Wind Power, in connection with the ZAR1.5 billion (US$146 million) financing of the 94 MW West Coast One wind project in South Africa. Aurora Wind Power, comprising majority shareholder GDF Suez alongside local sponsors Investec and Kagiso Tiso Holdings, signed a 20-year power purchase agreement with Eskom, South Africa’s state-owned utility. The project is one of the first to reach financial close in the second phase of the South African Government’s Renewable Energy Independent Power Producers Programme (REIPPP).
Noam Ayali’s practice focuses on the acquisition, development, financing and operation of energy infrastructure projects. He represents energy companies, project sponsors and developers, as well as multilateral agencies, commercial banks and equity investors, in connection with upstream oil and...
Julien Bocobza is a project finance lawyer whose practice focuses on the development of renewable energy and thermal power projects. He advises both sponsors and lenders in relation to projects in the energy, mining and metals and transportation sectors, predominantly in Africa, the Middle East...
Ben Donovan is a US- and English-qualified partner in the firm's Projects and Project Finance group. Ben has a broad transactional practice. In particular, Ben's practice focuses on project development and finance, where he has represented oil and gas companies, government and parastatal...
Ikenna Emehelu helps sponsors, lenders and equity investors structure, negotiate and document project financing, acquisition and divesture of power, energy, transportation and other major infrastructure projects.
Lido has significant experience in international oil and gas, mining, power, including renewable energy, and large infrastructure development transactions, including public-private partnerships and the UK's private finance initiative.
*Chadbourne & Parke International, LLP, an...
Kenneth Hansen’s practice involves representing bilateral, multilateral and commercial lenders as well as project developers in structuring, negotiating and implementing domestic and international project financings, particularly in the energy sector. He leads Chadbourne’s extensive practice in...
Agnieszka Klich’s practice focuses on international energy and infrastructure projects. She advises on the acquisition, development and financing of such projects throughout the world with a focus on renewables, power and water, oil and gas and mining.
Ms. Klich has advised purchasers,...
Lynne Gedanken is based in the Washington, DC office and has worked in the electricity sector for over 30 years. Ms. Gedanken advises developers and lenders with respect to the full range of project, equity and loan agreements for and the structuring of electric generation, transmission and...