Energy & Environment

Alexandroupolis LNG project

We are advising Gastrade, the project company, in developing the Alexandroupolis Independent Natural Gas System (INGS) project, a cutting edge technology project which comprises an offshore floating unit for the reception, storage and re-gasification of LNG and a system of a subsea and an onshore gas transmission pipeline through which the natural gas is shipped into the Greek National Natural Gas System (NNGS) and onwards to the final consumers. Alexandroupolis INGS will secure new natural gas quantities, enhancing the security of supply in Greece and the Balkans.

Tender for Acquisition of 66% in DESFA

We advised a consortium of S.N.T.G.N. Transgaz SA, The European Bank for Reconstruction and Development, Reganosa Asset Investments, SL and Regasificadora del Noroeste SA in the tender for the acquisition of a 66% stake in Hellenic Gas Transmission System Operator (DESFA) involving the sale of 31% in DESFA held by the HRADF and the 35% held by Hellenic Petroleum, with the remaining 34% being transferred to the Hellenic Republic.

Gas Interconnector Greece-Bulgaria (IGB Pipeline)

We are advising the joint venture company ICGB AD on the development of the Gas Interconnector Greece-Bulgaria (IGB Pipeline), which will provide a direct link between the national natural gas systems of Greece and Bulgaria with an entry point in the vicinity of Komotini and an exit point in the vicinity of Stara Zagora. The IGB Pipeline will act as a strategic gas transportation infrastructure providing diversification of gas supply to the Bulgarian and South East Europe gas market and supply security to Greece.

Trans Adriatic Pipeline AG (TAP) Project

We are advising the finance parties on the project financing of TAP’s development of a c.871km gas pipeline connecting to the Trans-Anatolian Natural Gas Pipeline from the Greek Turkish border and running through Greece and Albania to Italy, connecting with the Italian natural gas distribution system near San Foca, under the sponsorship of AzTap GmbH, Snam Spa, BP Gas Marketing, Fluxys Europe, Enagas Internacional, SLU and Axpo Trading.

International Licensing Round for the Exploration and Exploitation of Hydrocarbons – Offshore Greece

We are advising Hellenic Petroleum, acting either alone or as a member of a consortium with other international oil majors, in its participation in the tender process with respect to certain Offshore Blocks of Western Greece and the South of Crete.

Tender for the Exploration and Exploitation of Hydrocarbons – Onshore Western Greece

We advised Hellenic Petroleum in its capacity as participant and then preferred bidder in the tender process relating to the Onshore Block Areas of Arta – Preveza and Northwest Peloponnese.

€70m PPP for Integrated Waste Management Projects for the Ilia Region

We are acting for the National Bank of Greece, Alpha Bank and JESSICA as lenders to the winning consortium of the c€70m project for the design, finance, installation, operation and maintenance of integrated waste management systems for the Ilia region through a public private partnership.

Open Door Tenders for the Lease of Hydrocarbons Exploration and Production Rights

We advised the Hellenic Republic (Ministry of Environment, Energy & Climate Change) in their open door tenders for the lease of hydrocarbons exploration and production rights in Ioannina, West Patraikos Gulf and Katakolo, all in Western Greece.

€70m PPP for Integrated Waste Management Projects for Serres

We advised a consortium comprised of Archirodon Group NV, Intrakat Constructions SA and Envitec SA on the developing and financing of a c€70m project for the design, finance, installation, operation and maintenance of integrated waste management systems for Serres through public private partnerships.

Tender for the Acquisition of ADMIE

We advised a consortium comprised of Elia (Belgium’s electricity transmission operator) and IFM Investors (a global investment services company active in the infrastructure, debt investments, listed equities and private equity sectors) in their participation in the tender procedure conducted by the Public Power Corporation (PPC) for the acquisition of 66% of the Independent Power Transmission Operator (IPTO/ADMIE).

Hellenic Petroleum Sale of Stake in DEPA and DESFA

We advised Hellenic Petroleum in the sale of its stake in the Public Gas Corporation (DEPA) and Natural Gas Transmission System Operator (DESFA), along with the stake held by the Hellenic Republic Asset Development Fund (HRADF) as part of the privatization of DEPA Group.

Steam Electric Station (SES)

We advised Babcock Borsig Steinmüller, a subsidiary of Bilfinger, in concluding the main sub-contract agreement with METKA, which has been awarded the retrofit of the boilers of certain units in the lignite-fired Steam Electric Station of Aghios Dimitrios situated in Northern Greece, owned and operated by the Public Power Corporation.

Wind Farms & PV Power Parks Projects

We acted for Bpifrance Investissement in connection with the due diligence review pertaining to the purchase of a minority stake of EREN Renewable Energy which owns renewable assets in Greece and other countries.

Korinthos Power Development

We advised Korinthos Power, a joint venture of the Mytilineos Group and Motor Oil Hellas, in its financing of the development of a 437MW thermal power station in Corinth.

c€105m Loan Refinancing for 444 MW CCGT Power Plant

We act for Protergia, a Mytilineos Group subsidiary, in the refinancing of loans provided for the development of a 444 MW CCGT power plant operated by Protergia in Viotia with a transaction value of c€105m.

Peloponnese Waste Management Systems

We represented a consortium comprised of Archirodon Group, Intrakat Constructions and Envitec in its participation in public tenders for the proposed project for the design, financing, installation, operation and maintenance of integrated waste management systems for the Peloponnese through a public private partnership.

Advice on Power Trading Licence

We are advising RWE Supply and Trading on their reporting obligations under a power trading licence.

Refinancing of Renewable Energy Projects

We acted for Unicredit Bank in the restructuring of the financing of Anemos Makedonias and Aeolos Fthiotidas (subsidiaries of REnInvest) for the development of two renewable energy projects.

Advice to NBG on Fuel Hydrant System Financing

We advised National Bank of Greece on the financing of the Fuel Hydrant System at Larnaka International Airport.

€55.4m Financing of Renewable Energy Projects

We advised Unicredit Bank (HypoVereinsbank) in the €55.4m financing of EEN Viotia, a subsidiary of PPC Renewables – EDF EN Greece, for three renewable energy project developments.

Solar Energy and Wind Park Development Financing

We advised Marfin Bank in the financing of Hypato Energeiaki for a 3MW solar energy project development in Thebes, of Heliosar for two solar energy project developments in the Peloponnese and of Aioliki Energiaki Trizinias for a c.€11m wind park development in the Peloponnese.

RWE Proposed Acquisition of Energy Developer

We acted for RWE in their proposed acquisition of a local developer of conventional and renewable energy projects.

Verbund Proposed Acquisition of Renewable Energy Developer

We acted for Verbund in their proposed acquisition of a local developer of renewable energy projects.

Energimidt Proposed Acquisition of Photovoltaic Project Developer

We advised EnergiMidt in its proposed acquisition of a local developer of photovoltaic projects, involving a complex appraisal, analysis and structuring of the projects as a commercial transaction for financing purposes.