Michael
Malone
(Kelly)

Energy Transition

Lead counsel advising the Puerto Rico Electric Power Authority during their procurement of 3750 MW of renewable energy resources and 1500 MW of energy storage resources, one of the single largest energy transition programs in the United States (on-going).

Energy M&A

Lead international counsel advising Scatec ASA, during their $ 1.1 Billion take-over of SN Power AS, a leading hydropower developer and independent power producer with renewable energy assets located in Southeast Asia, Africa and Central America.

Lead international counsel advising Sarawak Energy Berhad during the acquisition of the 2400 MW Bakun Hydropower Project in Malaysia.

Electricity Sector Restructuring

Lead counsel advising the Puerto Rico Electric Power Authority during the $ 5 Billion restructuring of their LNG-to-Power Program with Gas Natural Aprovisionamientos SDG of Spain (Naturgy) and EcoEléctrica, L.P. jointly owned by Naturgy, Mitsui and Engie;

Lead International counsel advising Sarawak Energy Berhad, during all aspects of (i) the unbundling of a vertically-integrated business into separate businesses dedicated to power generation, transmission and distribution, (ii) the restructuring / corporatization of a 7,390 MW portfolio of 15 hydropower / coal / gas power generation projects (both existing and under development), and (iiii) implementation of a power exchange between the State of Sarawak, Malaysia, and Indonesia;

Lead international counsel to the Government of the Philippines and their investment bank co-advisors, Credit Suisse and Rothschild, during the landmark restructuring and US$ 10 billion Philippine Power Sector Privatization.

Power Project Development & Finance

International Project Counsel on the following matters:

The development of the 4800 MW Akkuyu Nuclear Power Project, located in Turkey, including the preparation and negotiation of (i) the Power Purchase Agreement for the sale and purchase of the facility’s entire production, and (ii) EPC Contract Documentation for the construction of the nuclear facility by a contractor consortium, based in Russia;

The development, construction and USD 250,000,000, IFC/EBRD/ADB-backed, debt financing of Phase 1 of the 400 MW Adjaristsqali Cascade Hydropower Project in Georgia (former Soviet Republic);

The development and construction of the 433 MW Namakhvani Hydropower Project in Georgia;

The development and USD 1,250,000, JBIC/US Ex-Im-backed, debt financing of the 1200 MW Ilijan Gas-Fired Power Project in the Philippines (awarded “Asia Pacific Power Deal of the Year” by Project Finance International and “Asia Project of the Year” by Privatization International”);

The development, construction and USD 800,000,000 US Ex-Im-backed, take-out financing of the 850 MW Quezon Thermal Power Project in the Philippines (awarded “Asia Pacific Power Deal of the Year” by Project Finance International);

The development, construction and USD 360,000,000, IFC-backed debt financing of the 170 MW Ambuklao and Binga Hydropower Projects in the Philippines;

The development, construction and USD 380,000,000, IFC-backed, debt financing of the 360 MW Magat Hydropower Project in the Philippines (awarded “Asia Pacific Power Deal of the Year” by Project Finance International);

The development, construction and USD 250,000,000, IFC-backed, debt financing of the 168 MW Cheves Hydropower Project in Peru;