Norton rose oversees power plant finance

Norton Rose advised on the $600m (£308.1m) financing of a Java power plant for the Indonesian state electricity utility PT Perusahaan Listrik Negara (PLN), which has become a regular client of the firm. The project to develop a 1,000MV coal-fired power plant is the third fast-track financing Norton Rose’s Singapore team, led by partner Jeff Smith, has signed to date. Clifford Chance advised the lenders, with Singapore-based partner Ting Ting Tan also advising the Export-Import Bank of China on the financing of the previous PLN projects.