Morgan & Morgan Advises The AES Corporation in Connection With the Development of a Gas-Fired Generation Plant
December, 2016 - Panama, Panama
Morgan & Morgan is currently advising The AES Corporation, a worldwide developer of power projects, in the development of an integrated gas to power facility in the Telfers Islands in the province of Colon, at the North Coast of the Republic of Panama. The project consist of a 380MW net combined cycle gas-fired power plant and an onshore LNG import terminal with an 180,000 m3 storage tank, as well as the construction of power evacuation facilities to interconnect the generation plant with the existing electricity transmission network.
The firm’s advice and participation consists of, among others, advising its client in several corporate and regulatory matters, infrastructure development matters, drafting of loan agreements before banking and financial entities, environmental law issues on land and surface rights, and every critical step related to this US$900 million project.
According to the company, the plant will be the first gas-fired power station in Central America and a new component in Panama´s renewable energy matrix.
Partner Ramon Varela and associate Ana Carolina Castillo Solís, participated in this transaction.
