Chadbourne & Parke set to advise on Al-Khairan water and power project
Chadbourne & Parke is part of a consortium of advisers including BNP Paribas and Lahmeyer International that has been appointed by the Partnerships Technical Bureau (PTB) to advise on the Al-Khairan independent water and power project (IWPP).
The consortium has been advising PTB on the competitive procurement of the first IWPP — Az-Zour North Phase I — which includes the development of a power and seawater desalination plant with a capacity of approximately 1,500MW that is anticipated to achieve financial close during the second quarter of this year.
Procured under the state’s public-private-partnership (PPP) programme, the Al-Khairan IWPP will include a greenfield power and seawater desalination plant with a capacity of 2,500MW, with the Ministry of Electricity & Water as the off-taker.
The Chadbourne & Parke team will be led by Dubai project finance partner Sohail Barkatali, supported by senior associate Derek Kirton and associate Marc Norman.
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