Projects & Infrastructure: International
Global Guide 2024 : Singapore
Band 3
Contact number
+65 6223 7311Chambers Review
Norton Rose Fulbright's well-resourced project finance practice in Singapore has an impressive global network and deep expertise across the power, infrastructure, and oil and gas sectors. The firm is well regarded for advice on project development, particularly in relation to power projects. It is experienced in renewable energy mandates, including solar, hydropower and geothermal projects. LNG is also a key area of focus, including sale and purchase agreements, terminal use arrangements and marketing issues. The office maintains a broad portfolio of clients including ECAs and international banks, such as the Asian Development Bank, Rabobank and the IFC. The firm handles work across the region and further afield.
Norton Rose Fulbright regularly acts for financial institutions and energy companies on project financing and development, as well as transactions, involving India. Particularly experienced in advising on wind and solar energy mandates, the team is led by Nick Merritt. The team advised Asian Development Bank and Asian Infrastructure Investment Bank on a financing package with GreenCell Express to develop 255 battery-powered electric buses in India.
The Norton Rose Fulbright team in Singapore also often handles projects and energy matters involving Indonesia. The work includes transactions in the energy and mining sectors. The firm advised a consortium of lenders on a USD750 million green loan facility to Perusahaan Listrik Negara. Andrew Digges is a key point of contact for clients.
The Singapore office leads much of the firm's Malaysia-related projects and energy work, including M&A, joint ventures and financings, often acting for international and Malaysian clients, including financial institutions and energy companies. Stephen Begley is a key client contact for Malaysia-related work.
Work Highlights
- Norton Rose Fulbright advised a syndicate of 12 lenders on a USD1 billion facility agreement for the financing, construction and operation of ReNew Power’s 'Round the Clock' project across three states in India.
Strengths
Provided by Chambers
"They have a strong ability to handle complex and sophisticated matters and are able to draw on the depth and breadth of experience across their global network, with excellent turnarounds for fast-moving matters."
"They are astute from a commercial perspective across all elements."
"They have the ability to mobilise and coordinate high-level expertise in a short period of time, with expertise in various domains and an understanding of the business needs."
"They have a strong ability to handle complex and sophisticated matters and are able to draw on the depth and breadth of experience across their global network, with excellent turnarounds for fast-moving matters."
"They are astute from a commercial perspective across all elements."
"They have the ability to mobilise and coordinate high-level expertise in a short period of time, with expertise in various domains and an understanding of the business needs."
Notable Practitioners
Nick Merritt is well versed in the financing and development of infrastructure projects, including renewable and non-renewable energy projects. He is active on matters involving India.
Andrew Digges often advises lenders on the financing of power projects. He is also frequently active advising energy companies on project development and transactional matters, and has particular expertise handling matters involving Indonesia.
"He's very technical, with very strong knowledge. It helps that he has a lot of in-depth Indonesia experience as well."
"He's a very competent and knowledgeable lawyer, and gives deep insights into the industry. He points things out that clients might not realise and doesn't just tell them what they want to hear."