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Gide secures african power instruction

6 July 2009

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French firm Gide Loyrette Nouel has advised ­ContourGlobal on its $146m (£88.56m) loan agreement with Overseas Private Investment Corporation (Opic) to fund the expansion of the 100MW ­thermal power station at Lomé in Togo.

The transaction is one of the largest investments in the West African energy sector and will secure the electricity supply for a region that is ­seeking new sources of energy. The Gide team was led by project finance partner Bruno de Cazalet.

Shearman & Sterling partners Jeanne Olivier and Howard Steinberg advised on the US law aspects of the deal. Opic was advised by Allen & Overy partner Roderic Cork.

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