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Latham advises on ENEC Barakah Plant Refinancing

Latham & Watkins advised on Emirates Nuclear Energy Corporation (ENEC) US$2.42 billion refinancing of the Barakah Nuclear Energy Plant project. The Barakah Plant refinancing is the first nuclear project in the MENA region and Asia recognized as a green loan.

Positioned – according to the classification – at the forefront of clean financing instruments for proven baseload technologies to accelerate the clean energy transition in the UAE, the Barakah Plant, when fully operational, will generate e 40 terawatt-hours (TWh) of electricity per year while simultaneously preventing the release of 22.4 million tons of carbon emissions.

Latham & Watkins’team

London finance partners John Balsdon and Tom Bartlett led Latham’s team, together with associates Charlotte Hawkins, Sam Burleton, and Daniel Chen.