MTC Advises K Electric On USD 410 Million Power Project

K-Electric Limited – The transaction involves a combination of syndicated foreign and local currency project financing facilities for the development of a 2×450 MW combined cycle RLNG power station at Port Qasim, Karachi, Pakistan. The foreign facilities are backed by Export Credit Agencies, China Export & Credit Insurance Corporation, China; and Euler Hermes Aktiengesellschaft, Germany.

The Firm’s scope of work includes full scope borrower side advisory; including without limitation:

• transaction structuring;
• identifying and evaluating key legal risks/red-flags;
• advising on regulatory framework/approvals and foreign exchange control regime;
• reviewing and commenting on the suite of local law financing documents;

advising on conditions precedent and transaction closing.
MTC’s team included Salman Rahim and Hamza N. Shaikh.