Norton Rose handed qatar power project

Norton Rose has advised project company Mesaieed Power Company on the $2.4bn (£1.19bn) financing of a gas-fired power generation facility in Qatar. The company is owned jointly by Marubeni Corporation, Qatar Petroleum and Qatar Electricity and Water Company. The facility will receive feedstock gas from Qatar Petroleum. The project, known as ‘Mesaieed A’, is to be the largest power project to date in Qatar as well as the largest greenfield project in the Middle East. Commercial debt for the project is being provided by Calyon and Japan Bank for International Cooperation, with legal advice provided by Shearman & Sterling and Allen & Overy respectively.