The increasing demand for power supply has changed the dynamics of international and domestic markets. In an ever-changing landscape, we advise utility companies on power generation, transmission and distribution as well as governments on restructuring and privatisation projects of their power sectors.
LXL lawyers have in depth knowledge and specialist expertise in the power sector having acted on some of the largest power projects in the world including the privatisation of the UK electricity sector (the first of its kind) and on developing national electricity privatisations (in Bolivia, Peru and Zambia) as well as major bulk supply power contracts internationally, and IPPs in the UK, India, Kazakhstan, and Thailand.
In conjunction with our Corporate and Commercial and M&A expertise, our areas of work include, construction and engineering, decommissioning, dispute resolution, environmental law, feasibility studies, fuel supply and transportation, commercial plans, operations and maintenance, power purchase agreement, and project finance for clients in the power sector including investor-owned utilities, municipal utilities, State-owned electricity providers.
LXL lawyers have advised on the negotiating, drafting and implementation of all forms of project documentation including the following:
- Preparing tender documentation, bids and proposals and the numerous security and other ancillary documents to acquire project assets.
- Negotiating, drafting and evaluating key project agreements such as power sale; throughput and other off take agreements; engineering, procurement and construction agreements; fuel supply, transportation and other long term supply agreements; and operation, maintenance and service agreements.
- The financing and regulatory implications of alternative project structures, including (where applicable) an appropriate mix of private and public participation in projects.
- Negotiating and steering to financial close all loan and ancillary documentation (security and inter-creditor arrangements) relating to power projects.