Projects and energy in Thailand

Allen & Overy (Thailand) Co, Ltd

Praised for its ‘unparalleled experience in the energy market’ and ‘in-depth knowledge of project finance’, the team at Allen & Overy (Thailand) Co, Ltd is led by Sarah Wilson, who specialises in project finance transactions in the power and infrastructure sectors. It also counts on the expertise of senior consultant Stephen Jaggs, who works across the power, renewable energy, infrastructure and transport industries. The team works domestically and internationally, offering both English and Thai law advice across the full range of project development and infrastructure transactions, including concession agreements and construction contracts, project financings and M&As. Anchalee Limviriyalers is another key contact in the practice.

Responsables de la pratique:

Sarah Wilson

Autres avocats clés:

Stephen Jaggs; Anchalee Limviriyalers

Les références

‘Current and in-depth knowledge of project finance. A strong team with great team work. A pro-active, solution orientated approach that addresses bankability requirements whilst keeping to timelines.’

‘Sarah Wilson is a great team leader. She knows the law and drives deals towards meeting deadlines. She has a commercial approach, grounded with an in-depth knowledge of the market.’

‘A&O have unparalleled experience in the energy market as project counsel. They draw on their knowledge management to provide clear, concise advice to clients.’

Principaux clients

Asian Development Bank

Japan International Cooperation Agency

International Finance Corporation

Norwegian Investment Fund (Norfund)

Export–Import Bank of Thailand

Xekong Thermal Power Plant Company

Phonesack Group Limited

Nam Ngum 3 Power Company

Chaleun Sekong Group Co., Ltd.

Nam Theun 1 Power Co., Ltd.

Xe-Pian Xe-Namnoy Power Co., Ltd.

SK Engineering and Construction Co., Ltd.

Korea Western Power Co., Ltd.

RATCH Group Public Company Limited

Nam Ngiep 1 Power Company Limited

Kansai Electric Power Co., Inc.

EGAT International Company Limited

Lao Holding State Enterprise

Asian Development Bank

Chubu Electric Power Thailand SPP B.V. Yes

Thai Solar Energy Public Company Limited No

PTT LNG Company Limited Yes

PTT Exploration and Production Public Company

Limited No

PTT Public Company Limited No

Banpu Public Company Limited No

CIMB Thai Bank Public Company Limited No

Credit Guarantee and Investment Facilit

Principaux dossiers

  • Advised Asian Development Bank, Japan International Cooperation Agency and Export–Import Bank of Thailand on a THB600m loan agreement to E Smart Transport Co., Ltd., to fund the development and operation of 27 electric ferries for mass rapid transport on Bangkok’s Chao Phraya River.
  • Advised Asian Development Bank, International Finance Corporation, Japan International Cooperation Agency, Norfund and Export–Import Bank of Thailand on financing to Prime Road Alternative (Cambodia) Co., Ltd., to fund the development of a 60MW solar power project in Kampong Chhang Province in central Cambodia.
  • Advised the sponsors in connection with (i) a power purchase agreement with the Electricity Generating Authority of Thailand in relation to the 770MW Pak Lay run-of-river cross-border hydropower project in Pak Lay district, Xayaburi province, Laos; and (ii) a tariff MOU and power purchase agreement with the Electricity Generating Authority of Thailand in relation to the 912MW Pak Beng run-of-river cross-border hydropower project in Pak Beng district, Oudomxay province, Laos.

Baker McKenzie LLP

Baker McKenzie LLP works domestically and internationally, with a focus on the development and finance of projects, in addition to M&As in the energy, mining and infrastructure sectors. The team notably stands out for its demonstrable experience advising on EPC matters, and represents both sponsors and lenders in project financing transactions. Practice leader Sawanee Sethsathira focuses on development and finance matters concerning power, petrochemical and infrastructure projects in Thailand, while associate Napas Na Pombejra assists clients in project developments and financing issues, in addition to M&A transactions, in the petrochemical and power sectors. Other key members of the team include Viroj Piyawattanametha and Vit Vatanayothin.

Responsables de la pratique:

Sawanee Sethsathira

Autres avocats clés:

Viroj Piyawattanametha; Vit Vatanayothin; Napas Na Pombejra

Principaux clients

RATCH Group

PTT Group and its subsidiaries and affiliated companies

Gulf Energy Development Public Company Limited (GED)

Super Energy Corporation Public Company Limited

EGAT International (EGATi)

Bangkok Expressway and Metro Public Company Limited (BEM)

B.Grimm Power Limited and Amata B. Grimm Power

Bangchak Petroleum Public Company Limited

BCPG

Bangkok Bank Public Company Limited

KASIKORNBANK Public Company Limited

Principaux dossiers

  • Advised Gulf Energy Development Public Company Limited (GED) on the USD 37.8 million project financing for its 50 MW solar project located in Thanh Thanh Cong Industrial Zone, Tay Ninh Province, Vietnam with financing provided by ADB, Leading Asia’s Private Infrastructure Fund (supported by JICA), Bangkok Bank, The Siam Commercial Bank, and Standard Chartered Bank (Thai).
  • Representing Gulf MTP LNG Terminal Co., Ltd. in negotiation of the EPC contract for the construction, development and financing of Map Ta Phut Port project (Phase 3), which is the LNG port in the Eastern Economic Corridor area, against Italian-Thai Engineering Public Company Limited.
  • Representing Consortium of Gulf / CHEC and PTT Tank in negotiation of the PPP contract for Laem Chabang Port (Phase 3), which is a container port in the Eastern Economic Corridor area, against the Port Authority of Thailand.

Chandler MHM Limited

Chandler MHM Limited acts for domestic and international lenders and sponsors on a range of large-scale energy and infrastructure projects, including ports, pipelines, roads and rail, in addition to real estate. The team stands out for its work within the energy sector, involving hydro, solar wind and biomass projects across Southeast Asia. Joseph Tisuthiwongse, who specialises in project finance, particularly in the renewable energy sector, jointly leads the team alongside Jessada Sawatdipong, who advises on banking and finance matters, with a focus on major, cross-border energy and natural resources, infrastructure and real estate projects. David Beckstead represents lenders and project sponsors in the oil and gas, mining, renewable energy and manufacturing sectors, and is another key member of the practice.

Responsables de la pratique:

Joseph Tisuthiwongse; Jessada Sawatdipong

Autres avocats clés:

David Beckstead

Principaux clients

Asian Development Bank (ADB)

B.Grimm Power Public Company

Bangkok Bank

Government Savings Bank

Industrial and Commercial Bank of China Limited (ICBC) (Thai)

Kasikornbank Public Company Limited

Kiatnakin Phatra Bank

Standard Chartered Bank

TEPCO Power Grid, Incorporated

The Siam Commercial Bank Public Company Limited (“SCB”)

Principaux dossiers

  • Acted for ADB, and other commercial lenders (Bangkok Bank, KASIKORNBANK, Kiatnakin Phatra Bank, ICBC (Thai) and Standard Chartered Bank) on the USD 160.5 million green financing of an approximate 200 MW utility-scale photovoltaic solar power project and its associated facilities in Tay Ninh Province, Vietnam.
  • Advised B.Grimm Power Public Company Limited (“B.Grimm”), the sponsor, on the non-recourse financing for the development of 7 small gas-fired power plants.
  • Represented a group of syndicated lenders in relation to the additional financing to Xayaburi Power Company Limited for the purpose of prepayment of taxes and royalties under the Concession Agreement in respect of Xayaburi project to Government of Laos PDR.

Hunton Andrews Kurth LLP

Hunton Andrews Kurth LLPknowledgeable, reliable and reachable’ team works domestically and internationally, and is collectively led by Edward Koehler, James Bradley and Chumbhot Plangtrakul. Koehler’s expertise covers project developments in the energy and infrastructure sectors, while Bradley advises on preparation, negotiation and compliance monitoring relating to power purchase, fuel supply and construction matters. Plangtrakul is noted for his expertise in multi-jurisdictional renewable energy and battery energy storage projects. Counting commercial banks and institutional lenders among its key roster of clients, the practice stand outs for its capability in handling project developments, including cross-border acquisitions and divestitures of traditional and renewable energy.

Responsables de la pratique:

Edward Koehler; James Bradley; Chumbhot Plangtrakul

Les références

‘The team is knowledgeable not only legally, but also commercially.’

‘Edward Koehler has been our counsel for a long time and we value his advice.’

‘Knowledgeable, reliable and reachable all the times.’

Principaux clients

Asian Development Bank

Bae, Kim & Lee LLC

Banpu Public Company Limited

Cambodian Energy II Co., Ltd.

Constant Energy Management Services Ltd.

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

GNPower Group Companies

Electricity Generating Public Company Limited

Energy Absolute PLC

Impact Energy Asia Development Limited

Infunde Development Pte. Ltd.

Leader Energy Group Sdn. Bhd.

Power Partners Ltd. Co. and AC Energy Holdings, Inc.

Printpack Inc.

Quezon Power (Philippines), Limited Co.

San Buenaventura Power Ltd. Co.

SCB 10X Co., Ltd.

TMBThanachart Bank Public Company Limited

Unilever Singapore

United Overseas Bank Limited (Singapore)

Principaux dossiers

  • Acted as project counsel to EGCO in connection with co-investments through funds managed by ARES Management Corporation to acquire 17.46% indirect interest in Apex Clean Energy.
  • Acted as project counsel to Banpu PCL on the divestment by its subsidiary, Banpu Infinergy Co., Ltd., of a 47.5% equity interest in Sunseap Group Pte. Ltd. for US$ 364 million to EDP Renováveis SA (EDPR).
  • Acted as buyer’s counsel on 972MW gas-fired plant in Linden Cogen in New Jersey, USA.

Linklaters

Linklaters’s projects and energy practice is led by Wanwisar Nakarat, who specialises in project development and financing, in addition to the acquisition of energy and infrastructure projects. It also relies on the expertise of Wilailuk Okanurak, who focuses on the financing and transactional aspects of energy projects. The team’s workload includes the full range of domestic and multi-jurisdictional energy and project-related transactions, such as project financings, acquisitions and developments. Counting Thai public and private companies and financial institutions among its key roster of clients, the practice stands out for its experience advising on renewable energy projects, namely solar and wind energy.

Responsables de la pratique:

Wanwisar Nakarat

Autres avocats clés:

Wilailuk Okanurak

Les références

‘The partner in-charge, Wanwisar, is thorough in highlighting risks and the subsequent results of such risks.’

Principaux clients

Bangkok Bank Plc.

Bank of America Merrill Lynch

Charoen Pokphand Group

Chevron

Credit Suisse

Dow Chemical

Global Power Synergy Public Company Limited

Global Renewable Power Company Limited

Gulf Energy Development Plc.

Gunkul Public Company Limited

Italian-Thai Development Plc.

KASIKORNBANK Plc.

Krung Thai Bank Plc.

Krung Thai Asset Management Plc.

Mitsui & Co.

Morgan Stanley

Phatra Securities

PTT Global Chemical Plc.

PTT Exploration and Production Plc.

RATCH Group Public Company Limited

Standard Chartered Bank

UBS AG

Thaicom Public Company Limited

Thai Oil Public Company Limited

Weerawong, Chinnavat & Partners

Weerawong, Chinnavat & Partners’ practice, which counts government agencies, private entities and financial institutions among its key roster of clients, is co-led by Weerawong Chittmittrapap, ‘dedicatedBanphot Kittikinglert, and Jirapat Thammavaranucupt. The team advises on concessions, as well as EPC and O&M construction contracts, and has demonstrable experience across the oil and gas, and power sectors. Chittmittrapap focuses on major infrastructure projects in Thailand, including the the construction of airports, mass transit systems and ports, while Thammavaranucupt acts for clients on PPPs and infrastructure projects.

Responsables de la pratique:

Weerawong Chittmittrapap; Banphot Kittikinglert; Jirapat Thammavaranucupt

Les références

‘Very dedicated. Always deliver on time. Strong knowledge.’

‘Banphot Kittikinglert is very dedicated to our work.’

Principaux clients

Office of the Eastern Economic Corridor (EECO), Government of Thailand

PTT Public Company Limited

Port Authority of Thailand

Department of Highways

Bangkok Mass Transit System Public Company Limited

BTS Group Holding Public Company Limited

U-Tapao International Aviation Company Limited

Italian Thai Development Public Company Limited

Northern Bangkok Monorail Company Limited

Eastern Bangkok Monorail Company Limited

State Enterprise Policy Organization (SEPO), Ministry of Finance, Government of Thailand

Global Power Synergy Public Company Limited

PTT Exploration and Production Public Company Limited

PTT Global Chemical Public Company Limited

Wind Energy Holding Co., Ltd.

Planet Energy Holdings Pte. Ltd.

Altervim Company Limited

Thai Oil Public Company Limited; Thaioil Marine Co., Ltd.

TTCL Public Company Limited (TTCL)

DFDL Legal & Tax

DFDL Legal & Tax houses a ‘team of experienced lawyers’, collectively led by Audray SoucheVinay Ahuja, Nipaporn Supha-Utchaichan, Kraisorn Rueangkul and Walanchathas Sanguanwong. The practice advises on project development and finance matters, in Thailand and across Southeast Asia, in the energy, mining and infrastructure sectors, from cross-border transactions and EPC contracts to oil and gas supply agreements. Souche is noted for her expertise in regional energy and infrastructure projects, while Ahuja advises clients on project finance issues.

Responsables de la pratique:

Audray Souche; Vinay Ahuja; Nipaporn Supha-Utchaichan; Kraisorn Rueangkul; Walanchathas Sanguanwong

Les références

‘Team of experienced lawyers.’

‘Have extensive experience in energy projects.’

Principaux clients

Sinohydro (Hong Kong) Holding Co.

Impact Energy Asia Development Limited

Lao-China Power Investment Co. Ltd.

B.Grimm Power Public Company Limited

Principaux dossiers

  • Assisting a consortium of Thai lenders (Krung Thai Bank as Intercreditor Agent) in relation to new financing to be granted to the Lao power company Xayaburi Power Company in relation to the development and operations of the 1,285 MW Xayaburi hydropower project in the Lao PDR.

Tilleke & Gibbins

Tilleke & Gibbins assists its roster of domestic and international clients with the contracting, financing and licensing of energy and infrastructure project investments, as well as risk management, protection of innovation and compliance issues. Praised as ‘one of the most experienced and well-connected oil and gas lawyers in Southeast Asia’, Joseph Tomkiewicz jointly leads the team alongside Supasit Boonsanong, who focuses on cross-border energy transactions and is commended as ‘one of the best partners in the practice’. The team has experience in the renewable energy sector, representing clients across solar and wind energy, as well as biomass and hydroelectric projects.

Responsables de la pratique:

Joseph Tomkiewicz; Supasit Boonsanong

Les références

‘Supasit Boonsanong is the one of the best partners in this practice. He has good knowledge and a great relationship with his clients.’

‘Joseph Tomkiewicz manages a good team.’

‘Joseph Tomkiewicz is one of the most experienced and well-connected oil and gas lawyers in Southeast Asia. Joe gives practical advice with insights into the perspectives of the relevant counter-parties.’

Principaux clients

Amarenco Asia Pacific

Global Green Chemicals

Global Power Synergy Public Company Limited

IRPC Public Company Limited

KPS Capital Partners

KTIS Bioethanol Company Limited

PEA Encom

PTT Tank Terminal

Rojana Energy

Sahacogen Public Company Limited

Principaux dossiers

  • Advising one of the leading consortium members on the implementation and construction of the Laem Chabang Port Phase 3 Development Project, an infrastructure development plan under the Eastern Economic Corridor scheme.
  • Assisting a joint venture between Global Green Chemicals Plc and Kaset Thai International Sugar Corporation Plc on a THB20bn Nakorn Sawan Biocomplex project with NatureWorks LLC.
  • Advising IRPC PLC on the construction and development of two clean fuel projects, collectively valued at approximately US$500m.

Watson Farley & Williams (Thailand) Limited

Watson Farley & Williams (Thailand) Limited focuses its work on renewable energy, advising developers on wind, solar and waste to energy power projects. The team provides both English and Thai law advice, and supports clients throughout the entire business lifecycle of renewable energy projects, from corporate structures to construction procurements. The practice is led by Christopher Osborne, who advises on all stages of energy projects, including regulatory issues and site due diligence matters, and Steven Burkill, who is a key contact for renewable energy disputes.

Responsables de la pratique:

Christopher Osborne; Steven Burkill

Principaux clients

CNES

Department of Mineral Fuels, Ministry of Energy, Government of Thailand

PTT Public Company Limited

Wind Energy Holdings

Principaux dossiers

  • Advising Wind Energy Holdings on wind turbine supply agreements and operations and maintenance agreements and solar rooftop developers on EPC Contracts and Corporate PPAs.
  • Advising CNES on the expansion of rooftop solar projects in Thailand.
  • Advising the Kingdom of Thailand and the Ministry of Energy in a multi-billion US dollar arbitration, relating to decommissioning disputes with oil concessionaires concerning assets in the Gulf of Thailand.

DLA Piper

DLA Piper advises local and international banks, investment funds, issuers, borrowers and corporate investors on a broad range of matters, including M&A transactions, in addition to the financing and refinancing of energy projects. Waranon Vanichprapa leads the team and focuses on bank lending transactions, acquisition and project finance mandates, as well as cross-border deals, in the energy sector. The practice also relies on the expertise of Samata Masagee, who is instructed by Thai energy companies on M&As.

Responsables de la pratique:

Waranon Vanichprapa

Autres avocats clés:

Samata Masagee

Principaux clients

IRPC Clean Power Co Ltd

Global Power Synergy Public Company Limited

BCPG Public Company Limited

RATCH Group Public Company Limited

Thai Oil Public Company Limited

Bangkok Bank Public Company Limited

Siam Commercial Bank Public Company Limited

China Minsheng Bank Corporation Ltd.

BBGI Public Company Limited

Principaux dossiers

  • Representing IRPC Clean Power Co Ltd, as borrower, on the THB7 billion financing of the 70 MW gas-fired combined cycle cogeneration power plant project and the refinancing of its existing cogeneration power plant project.
  • Advising RATCH Group Public Company Limited on its acquisition of a 51% stake in Sahacogen (Chonburi) Public Company Limited by way of a private placement of newly issued shares, a sale of shares from the existing major shareholders – Saha Group and a subsequent mandatory tender offer.
  • Representing The Siam Commercial Bank Public Company Limited on its USD330 million acquisition financing for Gulf Energy Public Company Limited in acquiring shares of Intouch Holdings through a bidding process.

Kudun & Partners

The multidisciplinary team at Kudun & Partners advises its roster of clients on a broad range of matters in the energy and infrastructure sectors, from M&As and joint ventures to regulatory compliance and environmental issues. The practice is jointly led by founding partner Kudun Sukhumananda, who has experience in infrastructure funds, and Kom Vachiravarakarn, who focuses on energy-related transactions. The team works domestically and internationally across the oil and gas, power production and renewable energy sectors.

Responsables de la pratique:

Kudun Sukhumananda; Kom Vachiravarakarn

Les références

‘Experience in industry, flexibility and amicable.’

Principaux clients

B.Grimm Power Public Company Limited

BG Container Glass Public Company Limited (BGC) and Bangkok Glass Public Company Limited

S Global Limited

Eastern Water Resources Development and Management Public Company Limited

IRPC Public Company Limited

Sea Oil Public Company Limited

Muang Khong Clean Energy Co., Ltd.

CNNC Joint Venture, consisting of NTL Marine

Sermsang Power Corporation Public Company Limited

Eternal Energy Public Company Limited

Jetion Solar (Thailand)

Principaux dossiers

  • Representing B.Grimm Power Public Company Limited on a cross-border acquisition of 49.9% shares in Kopos Co., Ltd., a Korean company operating wind and solar photovoltaic energy projects with a combined capacity of 95.781 megawatts in South Korea.
  • Representing Sermsang Power Corporation PLC in a cross-border acquisition.
  • Represented Eternal Energy Public Company Limited on the approximately THB 1.25 billion of the transfer of 25% shares or 7,297,500 ordinary shares in SSUT Company Limited to Eastern Power Group Public Company Limited.

Norton Rose Fulbright

Noted for its capability in sustainability-focused projects, Norton Rose Fulbright’s team acts for both lenders and sponsors, and is well-placed to leverage the firm's global footprint to assist on cross-border conventional and renewable energy transactions and projects. Tassanai Kiratisountorn leads the practice and focuses on multi-jurisdictional financings in the energy sector.

Responsables de la pratique:

Tassanai Kiratisountorn

Principaux clients

Kasikornbank Public Company Limited

TMBThanachart Bank Public Company Limited

Principaux dossiers

  • Advised TMBThanachart Bank Public Company Limited in respect of a financing to Constant Energy for development of rooftop solar project portfolio in Thailand with total capacity of approximately 75 MW.
  • Advised Kasikornbank Public Company Limited in respect of a financing to Thai Digital Energy Development Company Limited for development of rooftop solar project portfolio in Chiang Mai, Thailand.

Siam Premier International Law Office Limited

Siam Premier International Law Office Limited advises on matters concerning electricity and gas transmissions and distribution, in addition to energy-related disputes, joint venture agreements and power station projects. The team is jointly led by Rawat Chomsri, who acts for clients on project investments, and Chatchavej Chitvarakorn, whose experience covers construction and infrastructure mandates, PPPs and regulatory issues.

Responsables de la pratique:

Rawat Chomsri; Chatchavej Chitvarakorn

Principaux clients

The Port Authority of Thailand

Electricity Generating Authority Thailand

Principaux dossiers

  • Advised on the establishment of a new landmark for the Port Authority of Thailand.
  • Assisted Electricity Generating Authority Thailand on its operation, including taxation, investments and PPPs.