GPFAC and network partner professionals have closed a total of $19.7 billion in Asia. One of our professionals is located in India and this location is used as a platform to manage our operations in South Asia. Our operations in China and the Far East are managed by a professional who spends time in Hong Kong (China) and Zürich.
Our experience in Asia includes the following accomplishments:
- 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; and was on ABB India’s Country Management Committee that oversaw 5,000 employees with $5 billion in sales.
- Closed the first IPP in Andhra Pradesh, India (235 MW mixed fuel-fired, combined cycle). The project is operational and our professionals played the role of sponsor, financial advisor, investor, and debt provider for 100% of IFC ‘B’ loan.
- Closed the first coal-fired IPP in Tamil Nadu, India (250 MW lignite-fired). This project also is operational today and our professionals played the role of project sponsor, financial advisor, and debt underwriter. Post-closing, developed and financed a merry-go-round lignite transport system as a concession.
- 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.
- Advised the 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.
- In the role of project sponsor, responsible, from concept to commissioning, for the first private airport in Telangana India with a capacity of 12 million passengers (USD 500 Million which includes debt and soft loans of USD 400 million). A GPFAC professional was appointed as the General Manager of the airport after construction was completed.
- A GPFAC professional also 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 and 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.
- In the role of sponsor, developed and financed a USD 40 million commercial building in Colombo, Sri Lanka.
- Advised a client for the sale of a USD 50 million commercial building in South India.
- Senior lender for the 360 MW gas-fired combined cycle IPP in Meghnaghat, Bangladesh (co-financed with the Asian Development Bank).
- As Sponsor and equity participant, participated in bidding into the Bangladesh gas-fired IPP RFPs and was selected as the back up to the selected bidder.
- Presently working with a Chinese company in the region to identify and select European investors, primarily Swiss, for its domestic fund to finance renewable energy projects.
- Closed certain pioneering privatization deals in Thailand, Malaysia, Taiwan, the Philippines, Singapore, and South Korea.
- World Bank Power Development Fund for small to medium sized hydro power projects, Nepal: acted as financial advisor to NB Bank, a local Nepalese bank; scope of work included the guideline setting for the identification and selection of potential investment targets and the minimum requirements needed for the contractual framework including EIA, as well as offtake, EPC, O&M agreements.