Baker McKenzie won the "Asia Pacific Power Deal of the Year" award at this year's IJ Global Awards for its involvement in the 413 MW (gas) / 333 MW (HSD) Sirajganj dual fired power project in Bangladesh, on which the Firm advised as sponsors' counsel. The IJ Global Awards, held in Singapore last night, recognize the best energy and infrastructure deals from around the world that closed in 2017.
Baker McKenzie advised the sponsors (Sembcorp Utilities Pte Ltd. and North-West Power Generation Company Ltd.) on the development and project financing of this project, which is the most recent power plant to be privately developed in Bangladesh. The success of the Project will contribute to the sustainability of public and private partnerships in the power sector in Bangladesh to overseas power developers and operators.
In yet another win, the Firm was named "Asia Pacific Law Firm of the Year" at the Infrastructure Investors Awards 2017. The winner was selected based on the votes of more than 3,000 senior business leaders from organizations with a major interest in infrastructure investments.
Commenting on the awards, Martin David, Asia Pacific chair of the Energy, Mining and Infrastructure Practice, who also led the team on the project, said, "We are delighted to see our efforts recognized in what is another landmark transaction in the development of the Bangladesh power sector that brings much-needed power generation to help propel growth in the export-oriented economy and meet the demands of a growing middle class. This was a real collective effort from the lenders (IFC, Clifford Capital, CDC and JICA), the sponsors and their respective legal advisers all working collaboratively to bring this deal to a successful closure. We thank IJ Global and Infrastructure Investors for these awards, and also our clients for the trust they place in us with their most complex and often market-first deals. This is the fourth power project that our team has brought to a successful conclusion in Bangladesh, which demonstrates the depth and breadth of our Firm and our ability to help support development across power sectors in the emerging markets of Asia and beyond.”