Hogan Lovells Wins Two Awards at the PFI Asia-Pacific Awards
23 December 2010
Two deals advised on by Hogan Lovells have been awarded Power Asia-Pacific Deal of the Year and PPP Asia-Pacific Deal of the Year by Project Finance International (PFI) magazine.
PPP Deal of the Year went to the Singapore Sports Hub, a flagship project under the Singapore Government's PPP initiative and the world's largest sports infrastructure PPP project. Hogan Lovells Lee & Lee advised the procuring government authority, Singapore Sports Council, on the project for over 6 years. The deal was led by Singapore office managing partner James Harris. It has also just been awarded Deal of the Month by Asian-Counsel magazine.
Power Deal of the Year went to the GN Power project, a 600MW Greenfield power plant to be constructed by GNPower Mariveles Coal Plant Ltd. Co. on Luzon Island, the Philippines. Hogan Lovells represented China Export and Credit Insurance Corporation (Sinosure) and a consortium of lenders in the US$1 billion limited recourse financing of the project. This is the first large-scale greenfield IPP in Luzon in more than 10 years and the first time that a Chinese bank has lent on a power project outside China on a limited recourse basis. The project has already been awarded Deal of the Year 2010 by China Law and Practice. The deal was led by partners Jun Wei (Beijing), Robert Pender (Washington, D.C.), Keith Larson (Washington, D.C.), and involved the Singapore office.
The PFI Awards dinner will be held on 26 January 2011 at The Hilton, London.
PFI magazine is one of the leading global project finance journals and their annual awards are considered a highly prestigious accolade by the industry.
Advising on two of the eight winning awards for the Asia-Pacific region is further testament to the strength of our leading Projects practice in Asia.