Power, Infrastructure & Projects

The firm was originally founded to service clients in the Energy and Natural Resources (Oil & Gas) sectors.  These practice areas have since evolved from our understanding of the dynamics of these sectors, their issues and participants to experience derived from advising and assisting multinational producing and service companies, lenders, investors, contractors and other project participants in connection with projects and transactions within these sectors.  In so doing, we aim to add value by offering, a commercial appreciation of what it takes to make transactions, investments and projects, particularly within the electric power, oil and gas sectors, “bankable” from a legal perspective.

From an energy perspective, our firm had its earliest contact with the power sector when we were hired as part of a team of local and international lawyers to advise the National Electric Power Authority on the re-negotiation of certain power purchase agreements and, subsequently, to represent the authority in its negotiations with prospective independent power producers.  Those transactions, which spanned a period of four years, and which culminated in the conclusion of power purchase agreements in respect of a 270 MW barge-mounted project, a 450 MW combined cycle power plant, a 276 MW Afam V power plant and a 600MW power plant, provided us with a unique opportunity to acquire theoretical as well as practical knowledge of the industry and to get to meet, know, and understand its principal participants.

We have maintained a continued involvement with the power sector since that time and are currently advising local and international lenders in connection with various projects, including the financing of integrated power projects that include the establishment of the power plant and transmission facilities, as well as the distribution of the power to be generated within ring-fenced distribution zones.  We also represented local and international lenders in capacity building gas–fired power projects.  In addition to acting for an off-taker (NEPA) and local and international lenders, we have also provided support to the Nigeria Electricity Regulatory Commission in the drafting of certain regulations.  Our background knowledge about the electric power sector is further enhanced by the fact that our firm was also part of a team of local and international consultants that advised on a strategy for the development of the Nigerian downstream gas sector and drafted a downstream gas-specific act.