Dentons with Natixis CIB, FAB, and Bank Muscat on solar plant project financing
Dentons advised Natixis Corporate & Investment Banking (Natixis CIB), First Abu Dhabi Bank (FAB) and Bank Muscat in connection with their role in the project financing for the Ibri III project, a 500 MW photovoltaic solar power plant located in the Sultanate of Oman. The total project costs set at approximately USD 300 million.
The sponsors’ consortium – including Abu Dhabi Future Energy Company PJSC (Masdar), Al Khadra Partners, Korea Midland Power Co. Ltd (KOMIPO) and OQ Alternative Energy (OQAE) – has reached financial close on the project, which is being developed for Nama Power and Water Procurement (Nama) and supports the Oman Vision 2040 objectives.
The Dentons team
Partners Kanishka Singh (Abu Dhabi, pictured left) and Udayan Mukherjee (Dubai, pictured) led the Dentons team on the matter. The firm lineup further included partner Yasser Taqi (Muscat), partner Sadaf Buchanan (Muscat), counsel Riza Ismail (Doha), senior associate Tony Nicholson (Dubai), associate Patrick Yeo (Abu Dhabi), associate Andrew Gallagher (Dubai), associate Darell Pang (Abu Dhabi), associate Nisha Gupta (Abu Dhabi) and paralegal Callum Laffey (Abu Dhabi).
