Norton Rose advises on the Kivuwatt project in Rwanda
1 September 2011
International legal practice Norton Rose LLP has advised developer Contour Global on a US$91.25 million loan facility to complete Phase I of the KivuWatt project on Lake Kivu in Kibuye, Rwanda. The total cost of Phase I of the project is expected to be approximately US$142million.
Phase I of the project comprises an integrated methane gas extraction and production facility with an associated 25MW power plant. In Phase II, three more integrated gas extraction and production facilities are planned, ultimately reaching 100MW to help support Rwanda’s fast growing economy.
The loan facility for Phase I is being provided by the Emerging Africa Infrastructure Fund, FMO (the entrepreneurial development bank of the Netherlands) and the African Development Bank, who were advised by Clifford Chance LLP. The finance documents were signed in Rwanda on 24th August 2011.
The Norton Rose LLP team was led by global head of energy Simon Currie, energy partner Richard Hill, and energy and projects partner Madhavi Gosavi. Assistance came from Laurie Pearson (of counsel), Elizaveta Popova (associate), Ann Vesely (associate), Iain McClea (associate) and Rosa Mottershead (senior associate).
The Clifford Chance LLP team was led by energy and infrastructure partner Anthony Giustini. Assistance came from Ross Howard (counsel), Adrien Bélanger (senior associate), Laurence Marle (Avocat à la Cour) and Sohini Kar-Purkayastha (associate).
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