US firm Chadbourne & Parke acted for the sponsors on the deal, PSEG Global, Sithe Energies and the Marubeni Corporation, which formed a Tunisian company, Carthage Power, to complete the deal.
Lynne Gedanken, corporate partner at Chadbourne & Parke, led a team of four on the two-year deal.
Gedanken, based at the firm's London office, says: “We were referred by clients we have worked with before. The whole process went smoothly and the station will begin operating in two years.”
Baker & McKenzie structures and project finance partners Annie Williams and Peter Gaines headed the team acting for commercial banks Paribas and Sanwa Bank, which provided a loan for the project.
Corporate partner at Davis Polk & Wardwell, Waide Warner, represented the third lender to the project, The Export Import Bank of Japan.