Experience

Asia

By May 8, 2019 August 6th, 2023 No Comments

Closed $19.7 Billion of Transactions

Projects in India, China, Nepal, Sri Lanka

Privatization Projects in Thailand, Malaysia, Taiwan, the Philippines, Singapore, and South Korea

PRINCIPAL LOCATED IN INDIA LEADING OPERATIONS IN SOUTH ASIA; CHINA AND FAR EAST MANAGED BY PRINCIPAL IN HONG KONG (CHINA) AND ZÜRICH

Extensive India Experience:

  • Responsible, from concept to commissioning, for the first private airport in in India at Hyderabad, with a capacity of 12 million passengers. USD 500 million funding which includes debt and soft loans of USD 400 million. Role of project sponsor.
  • Closed the first IPP in Andhra Pradesh, India (235 MW mixed fuel-fired, combined cycle); role included sponsor, financial advisor, investor, and debt provider.
  • Closed the first coal-fired IPP in Tamil Nadu, India (250 MW lignite-fired); role included project sponsor, financial advisor, and debt underwriter. Post-closing developed and financed a merry-go-round lignite transport system as a concession.
  • A GPFAC principal established and managed a financial services company for ABB in India with three divisions: Equity Ventures (developing and investing in projects), Structured Finance (debt underwriting), and Financial Advisory Services; was on ABB India’s Country Management Committee that oversaw 5,000 employees with $5 billion in sales.
  • As sponsor and general manager, took over an old coal-fired project in Orissa, India (420 MW) and refurbished the plant for high plant load factors.
  • A GPFAC professional has worked with the National Thermal Power Corporation (a large generation utility in India with generation capacity of 53,600 MW).
  • Raised the Pragnya Equity Fund II (USD 140 Million) from high-net-worth individuals in the US and Europe, also mobilized USD 110 Million for the Pragnya South City Opportunities Fund in the role of sponsor.
  • In the role of sponsor, raised a total of USD 165 million from Indian banks for integrated township projects.

Asian Experience:

  • Advised EPC (Engineering Procurement and Construction) contractor in financing the Three Gorges hydroelectric project phases I and II (at the time, largest IPP in the world) as well as the Phase I HVDC (Hight Voltage Direct Current) transmission line.
  • Recently advised a prominent Chinese utility group on identifying and selecting European investors for its domestic fund in the clean energy sector.
  • Closed the 2nd IPP in China and the biggest hydro project in the world with the most competitive prevailing pricing.
  • Senior lender to 360 MW gas-fired combined cycle IPP in Meghnaghat, Bangladesh (co-financed with Asian Development Bank).
  • Financial advisor to a Nepalese bank to be the professional Fund Manager (along instituting systems, processes, and structures) for a $60 million USD fund of World Bank Power Development for project financing of small to medium sized hydro power projects in Nepal.
  • Closed several pioneering privatization deals in Thailand, Malaysia, Taiwan, the Philippines, Singapore, and South Korea.

Strengths in Asia Include:

  • Solid track record of projects, especially India.
  • Deep experience of Principals.
  • Numerous Public Private Partnerships.
  • Solid relationships with governments, government-level institutions, state-owned enterprises and banks, especially in India.