Praised for its ASEAN capabilities, A&O Shearman stands out for its strong track record in energy sector transactions. Often instructed by financial institutions, multilateral agencies, export credit agencies, sponsors and developers, the group is also well placed to advise on project-related documentation and project finance, and fields solid credentials in M&A, capital markets deals and construction contracts. Practice head Sarah Wilson 'provides practical, solutions-oriented advice' on project finance transactions in the power and infrastructure sectors. Anchalee Limviriyalers is a key member of the practice who is frequently involved in project financing and syndicated loan transactions. Nonaya Patarkitnirun and Peerajit Chanmolee are highlighted for their project finance expertise.
Projects and energy in Thailand
A&O Shearman
Responsables de la pratique:
Sarah Wilson
Autres avocats clés:
Anchalee Limviriyalers; Nonaya Patarkitnirun; Peerajit Chanmolee
Les références
‘The A&O Sherman team is a professional outfit and always a pleasure to work with on projects given their historic knowledge of the documentation in the sector, regional lens on financing and strong associates and resourcing. ’
‘Sarah Wilson, who leads the energy practice, is an experienced practitioner who provides practical, solutions-oriented advice, always in a timely manner. We have worked with Sarah and her team on projects over the last decade and have always found her respectful of local counsel, she values our input and treats us as part of the team on a project.’
‘Well experienced in the market, providing excellent support, both locally and regionally as required. Unlike other major competitors, it has a large practice in Bangkok.’
Principaux clients
Asian Development Bank
PTT LNG Company Limited
Gulf Energy Development Public Company Limited
Datang (Lao) Pak Beng Hydropower Co., Ltd.
Sinohydro (Hong Kong) Holding Limited
Nam Ngum 3 Power Company
Chaleun Sekong Group Co., Ltd.
EGAT International Co., Ltd.
Nam Theun 1 Power Co., Ltd.
Phonesack Group Limited
Electricity Generating Public Company Limited
EDL Generation Public Company
Xe-Pian Xe-Namnoy Power Co., Ltd.
SK Engineering and Construction Co., Ltd.
Korea Western Power Co., Ltd.
RATCH Group Public Company Limited
Lao Holding State Enterprise
Nam Ngiep 1 Power Co., Ltd
Principaux dossiers
- Advised Asian Development Bank on a senior unsecured corporate loan to BANPU Public Company Limited to support the financing of e-tuk-tuks in Thailand and battery production in the People’s Republic of China.
- Advised PTT LNG (a wholly owned subsidiary of PTT Public Company Limited) on its joint investment with the Electricity Generating Authority of Thailand.
- Advised Gulf Energy Development Public Company Limited and Sinohydro (Hong Kong) Holding Limited in connection with a power purchase agreement entered into with the Electricity Generating Authority of Thailand.
Baker McKenzie LLP
Baker McKenzie LLP is a key player in M&A transactions and project finance and development in the oil and gas, renewable energy, hydropower, mining and wider infrastructure sectors. The drafting and negotiation of EPC contracts is a core focus for the practice, which also excels in the structuring of PPP projects. With the ability to advise on the entire lifecycle of a project, practice head Sawanee Sethsathira is proficient in energy and infrastructure projects, including PPP ventures. Other notable members of the practice include Viroj Piyawattanametha, who specialises in project finance and development matters, Vit Vatanayothin, whose expertise lies in the funding of renewable energy projects, and Napas Na Pombejra, a contact for project finance in the energy, mining and infrastructure segments.
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) and its subsidiaries
Super Energy Corporation Public Company Limited
Energy Absolute Public Company Limited
EGAT / EGAT International (EGATi)
Electricity Generating Public Company Limited (EGCO)
GreenYellow (Thailand) Co., Ltd.
Bangkok Expressway and Metro Public Company Limited (BEM)
B.Grimm Power Limited and Amata B. Grimm Power
Bangchak Corporation Public Company Limited
Nava Nakorn Electricity Generating Co., Ltd.
Global Green Chemicals Public Company Limited
Gunkul Engineering Public Company Limited
IRPC Public Company Limited
Bangkok Bank Public Company Limited
KASIKORNBANK Public Company Limited
Bank Of Ayudhya Public Company Limited
TMBThanachart Bank Public Company Limited
United Overseas Bank (Thai) Public Company Limited
Oversea-Chinese Banking Corporation Limited (OCBC)
Export-Import Bank of Thailand (EXIM Thai)
Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBC)
Principaux dossiers
- Assisted Export-Import Bank of Thailand and Bank for Investment and Development of Vietnam with the financing of a 50 MW wind power project located in Gia Lai province, Vietnam, developed by HBRE Gia Lai Wind Power Joint Stock Company (HBRE Gia Lai), a subsidiary of Super Energy Corporation Public Company Limited.
- Assisted The Siam Commercial Bank Public Company Limited with its green loan to Energy Absolute Public Company Limited to fund its e-bus project.
- Advised Nava Nakorn Electricity Generating Co., Ltd. on the preparation of the tender documents and a gas turbine purchase agreement with IHI Power Systems Co., Ltd., an EPC and LTSA agreement for the development and operation of its 30 MW natural gas power plant expansion project.
Chandler Mori Hamada Limited
Lenders and sponsors routinely turn to Chandler Mori Hamada Limited for assistance with the financing and development of energy and infrastructure projects. The practice boasts significant expertise in the energy sector, notably in renewable power projects across Southeast Asia. The group is under the joint leadership of Jessada Sawatdipong, who is skilled in cross-border mandates concerning energy, infrastructure and natural resources projects, and Joseph Tisuthiwongse, whose expertise lies in project finance, particularly within the renewable energy space. Other noteworthy practitioners include Supattra Sathapornnanon, who excels in project finance, Pranee Klinratana, who frequently acts for lenders in the financing of major energy, property and industrial estate projects, and Tip-apa Limvichai, who is particularly knowledgeable of the energy and real estate sectors.
Responsables de la pratique:
Jessada Sawatdipong; Joseph Tisuthiwongse
Autres avocats clés:
Supattra Sathapornnanon; Pranee Klinratana; Tip-apa Limvichai
Principaux clients
Bangkok Bank Public Company Limited
Export-Import Bank of Thailand
Government Savings Bank
Industrial and Commercial Bank of China (Thai) Public Company Limited
Kasikornbank Public Company Limited
Kiatnakin Phatra Bank Public Company Limited
Krung Thai Bank Public Company Limited
N.C.C. Management and Development Co., Ltd.
The Siam Commercial Bank Public Company Limited
TISCO Bank Public Company Limited
Principaux dossiers
- Acted for a group of syndicated lenders in the financing of the 1,460MW Luang Prabang Hydropower Project.
- Advised TISCO Bank Public Company Limited, Kiatnakin Phatra Bank Public Company Limited, Kasikornbank Public Company Limited on the refinancing of GHECO-ONE, the 660MW coal fired power plant located in Map Ta Phut Industrial Estate, Rayong Province.
- Assisted N.C.C. Management and Development Co., Ltd. as borrower with the financing of the reconstruction of the Queen Sirikit National Convention Centre (QSNCC), with lenders being the Government Savings Bank and the Export-Import Bank of Thailand.
Hunton Andrews Kurth LLP
Hunton Andrews Kurth LLP is a popular choice for leading financial institutions funding and investing in fossil fuel, wind, solar and clean power projects. The firm acts for an impressive client roster comprised of commercial banks, institutional lenders, development finance institutions, export credit agencies and project developers. The group is overseen by Edward Koehler, who advises on all aspects of the development, acquisition and financing of renewable power projects, JamesP. Bradley, who is especially active in the drafting of project contracts and related financings in the power segment, and Chumbhot Plangtrakul, whose expertise covers traditional, renewable and alternative energy projects, as well as battery production and storage matters.
Responsables de la pratique:
Edward B. Koehler; James P. Bradley; Chumbhot Plangtrakul
Autres avocats clés:
Sudarat Sattayakawee
Principaux clients
Asian Development Bank
Banpu Public Company Limited
BAY GROUP HOLDINGS SDN. BHD.
CG Capital Advisory Limited
Constant Energy Management Services Ltd.
DEG-DEUTSCHE INVESTITIONS-UND ENTWICKLUNGSGESELLSCHAFT MBH
GNPower Group Companies
Electricity Generating Public Company Limited
Energy Absolute PLC
Impact Energy Asia Development Limited / |Monsoon Wind Power Co., Ltd.
Leader Energy Group Sdn. Bhd.
Modern Energy Management
Power Partners Ltd. Co. and AC Energy Holdings, Inc.
Printpack Inc.
PTL Holding Company Limited
Quezon Power (Philippines), Limited Co.
ResponsAbility Investments AG
San Buenaventura Power Ltd. Co.
Thanaleng Dry Port Sole Co., Ltd.
Principaux dossiers
- Advised Monsoon Wind Power Company Limited on the non-recourse project financing package provided by Asian Development Bank (ADB) as lead arranger, Asia Infrastructure Investment Bank (AIIB), Japan International Corporation Agency (JICA), the Export-Import Bank of Thailand (Thai EXIM), Sumitomo Mitsui Banking Corporation (SMBC), Hong Kong Mortgage Corporation Limited (HKMC), Kasikornbank, and Siam Commercial Bank.
- Advised Thanaleng Dry Port Sole Co., Ltd., as borrower, its applicable affiliates and its associated sponsors on the debt financing for the development of the cross-border freight transport Thanaleng Dry Port project located in Vientiane, Lao PDR to be provided by International Finance Corporation as lead co-financier and other senior lenders.
- Advised Banpu NEXT Co., Ltd., the net-zero solutions provider and clean energy investment arm of Thai stock exchange-listed Banpu Plc. (BKK: BANPU), on BNEXT’s series of strategic investments throughout Southeast Asia to advance Banpu’s commitment to achieving net-zero emissions.
Linklaters
Fielding a ‘team of subject-matter experts in EPC contracts and project financing‘, Linklaters stands out for its prominent position in the renewable energy market. The team is particularly skilled in project finance and M&A transactions in the renewables segment, and also provides assistance to corporate clients and private equity funds seeking expansion in the energy and infrastructure markets. Department head Wanwisar Nakarat is noted for her expertise in sustainability-linked loan transactions for Thai energy and infrastructure clients. Also part of the core team, Wilailuk Okanurak specialises in the financial and transactional elements of energy projects.
Responsables de la pratique:
Wanwisar Nakarat
Autres avocats clés:
Wilailuk Okanurak; Pranisa Chinkulkitniwat
Les références
‘A team of subject-matter experts in EPC contracts and project financing.’
‘Wilailuk Okanurak is well versed in public-private partnerships, project financing, and M&A. She is responsive and coordinative in bringing in other partners to work on different area of expertise.’
‘Linklaters’ Bangkok team has provided us professional service.’
Principaux clients
Asia Era One Co., Ltd.
Bangkok Bank Plc.
Bank of America Merrill Lynch
BlackRock Financial Management Inc
Charoen Pokphand Group
Chevron
Credit Suisse
Dow Chemical
GHECO-One Co., Ltd.
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
Thaicom Public Company Limited
Thai Oil Public Company Limited
UBS AG
Principaux dossiers
- Advised a group of 15 syndicate Thai and international lenders on the financing of the 2 x 700MW Hin Kong natural gas-fired combined-cycle IPP project located in Ratchaburi Province, Thailand.
- Advised Asia Era One Co., Ltd. (AERA1) on the development, construction, operation, financing and maintenance of Thailand’s much anticipated $7.5bn High Speed Rail Linking Three Airports Project.
- Advised GHECO-One Co., Ltd. on the THB 11.5bn refinancing of its existing indebtedness originally obtained from a syndicate of 10 international and domestic commercial banks to finance the development of the company’s 660-MW power generating plant located in Map Ta Phut Industrial Estate, Rayong, Thailand.
Tilleke & Gibbins
Tilleke & Gibbins assists energy producers with oil and gas exploration and upstream operations, as well as related petrochemical and transport matters. On the clean energy and renewables front, the group acts for leading companies in the solar and wind power sector, and handles biomass and hydroelectric projects across the region. The practice is jointly led by Supasit Boonsanong, highlighted for his extensive energy expertise which covers M&A, project finance and development, and Charuwan Charoonchitsathian, who regularly advises on the development, financing and operation of renewable energy projects.
Responsables de la pratique:
Supasit Boonsanong; Charuwan Charoonchitsathian
Principaux clients
Amarenco Asia Pacific Pte Ltd
Bangkok Cogeneration Company Limited
Global Power Synergy PCL
IRPC PCL
Jadestone Energy
Mitr Phol Group
PTT Tank Terminal Co., Ltd.
Rojana Power Co., Ltd.
Sahacogen (Chonburi) PCL
Valeura Energy, Inc.
Principaux dossiers
- Retained by IRPC PLC to advise on the construction and development of two clean fuel projects.
- Assisted Valeura Energy Inc. with the acquisition of secondary offshore oil and gas assets in the Gulf of Thailand from a leading international oil and gas company.
- Advising Mitr Phol Group on its entrance into a joint venture with French chemicals company AFYREN SA, for the development of a biorefinery/ethanol plant in Thailand.
Weerawong, Chinnavat & Partners
Weerawong, Chinnavat & Partners advises clients on the full range of infrastructure and energy mandates, including project finance, concessions, construction contracts and public-private partnerships (PPPs). The group demonstrates particular strength in oil and gas and power projects, often assisting key stakeholders with power purchase agreements, financings, bids, M&A and capital markets transactions. Peerapat Kumpayorm oversees the practice and is regularly turned to by clients seeking advice on PPP projects and contract management issues.
Responsables de la pratique:
Peerapat Kumpayorm
Principaux clients
Office of the Eastern Economic Corridor (EECO)
Port Authority of Thailand (PAT)
Department of Highways (DOH)
Principaux dossiers
DLA Piper
Equipped with a stellar M&A offering, DLA Piper is active in cross-border transactions in the renewable energy sector. The group also advises lenders and sponsors on the financing of projects in the clean energy, infrastructure, real estate and hospital segments. Waranon Vanichprapa leads the practice and is typically sought out by financial institutions and multinational corporations for his significant expertise in project finance. Samata Masagee has a wealth of experience in corporate matters and M&A transactions in the energy sector.
Responsables de la pratique:
Waranon Vanichprapa
Autres avocats clés:
Samata Masagee
Les références
‘Team has extensive experience in project finance in the power sector.’
‘Waranon Vanichprapa provides reasonable and reliable legal advice on transactions and defends the client’s position with their best interest in mind.’
‘Excellent knowledge. Good team support and helpful. Fast response and very organised.’
Principaux clients
Bangchak Corporation Public Company Limited
BCPR Co., Ltd
BCPG Public Company Limited
WHA Utilities & Power Public Company Limited
IRPC Clean Power Co., Ltd
Global Power Synergy 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
AEG
Principaux dossiers
- Advising Bangchak Corporation Public Company Limited on the acquisition of 65.99% stake in Esso (Thailand) Public Company Limited from ExxonMobil Asia Holdings.
- Assisting BSE Power Holdings (Thailand) Company Limited, a subsidiary of BCPG Public Company Limited, with the acquisition of 100% equity in Parabolic Solar Power Company Limited, BS Solar Energy Company Limited, and KSS Solar Company Limited, from Green Tech Venture Public Company Limited.
Siam Premier International Law Office Limited
Siam Premier International Law Office Limited has ample experience advising clients on joint ventures, contractual matters and the financing and structuring of projects in the oil and gas and power sectors. The group counts project sponsors, government authorities, petrochemical companies, EPC contractors and utilities among its core client base. Rawat Chomsri, who specialises in projects and investments in the energy space, and Chatchavej Chitvarakorn, who advises corporates and government entities on PPP matters, jointly lead the team.
Responsables de la pratique:
Rawat Chomsri; Chatchavej Chitvarakorn
Principaux clients
The Port Authority of Thailand
Electricity Generating Authority Thailand
Principaux dossiers
TTT+Partners
Established in September 2023, the projects, finance, energy and government practice at TTT+Partners is lauded for its ‘exceptional qualities and dedication‘. Jirapat Thammavaranucupt joined from Weerawong, Chinnavat & Partners to kick start the department that is noted for its expertise in airport and mass transit concessions, and monorail projects. Sitthi Meesit is a key contact in the group, notably for infrastructure and energy projects. Wachirawit Ongkhana regularly works with airport concessionaires and mass transit operators.
Responsables de la pratique:
Jirapat Thammavaranucupt
Autres avocats clés:
Sitthi Meesit; Wachirawit Ongkhana
Les références
‘TTT+ Partners is filled with lawyers of different level of experience, and they’re very much loyal to the clients. The billing system is constantly transparent and trustworthy.’
‘Possesses unmatched expertise and extensive experience in the industry, providing deep insights and comprehensive knowledge that underpin their exceptional legal services. This profound understanding allows them to handle complex legal issues with confidence and precision.’
‘The individuals at TTT+Partners stand out due to their exceptional qualities and dedication. What sets them apart from competitors is their ability to make complex legal concepts understandable to those with little legal background, ensuring all parties are on the same page.’
Principaux clients
U-Tapao International Aviation Company Limited
Bangkok Mass Transit System Public Company Limited
Eastern Bangkok Monorail Company Limited
Northern Bangkok Monorail Company Limited
PTT Public Company Limited
PTT Global Chemical Public Company Limited
Global Power Synergy Public Company Limited
GC Maintenance and Engineering Company Limited
Solar D Corporation Company Limited
China Petroleum Pipeline Bureau (Thailand) Company Limited
Principaux dossiers
- Advised on U-Tapao International Aviation Company Limited, the concessionaire, on the development of the international airport project in eastern Thailand.
- Acted for concessionaire Bangkok Mass Transit System Public Company Limited in connection with the operation and maintenance (O&M) contract and the electrical and mechanical (E&M) contract of the BTS Green Line.
- Assisted Global Power Synergy Public Company Limited with a transaction to trade renewable energy under the sandbox project of the Energy Regulatory Commission (ERC) with the load aggregator concepts.
Watson Farley & Williams (Thailand) Limited
With a strong focus on power, renewable energy, oil and gas, mining and commodities, the group at Watson Farley & Williams (Thailand) Limited is well positioned to advise on project finance, EPC agreements, site due diligence and environmental compliance. Co-head Steven Burkill excels in arbitrations involving oil and gas and power projects, demonstrating notable strength in renewable energy disputes. Fellow co-leader Linh Doan has significant experience working on the development and financing of power plants and renewable projects. Ratthakarn Boonnua is another key contact in the practice.
Responsables de la pratique:
Steve Burkill; Linh Doan
Autres avocats clés:
Ratthakarn Boonnua
Principaux clients
Department of Mineral Fuels, Ministry of Energy, Government of Thailand
Wind Energy Holdings
PTTEP Energy Development Company Limited
Principaux dossiers
- Advising and acting for the Kingdom of Thailand and the Ministry of Energy in a multi-billion US dollar arbitration, relating to decommissioning disputes with oil major concessionaries concerning assets in the Gulf of Thailand.
- Advising Wind Energy Holdings (WEH) on the construction of Turbine Supply and Operations and Maintenance agreements for WEH’s wind farm project companies.