Alinta Energy (CTFE)’s acquisition of the 1,000MW Loy Yang B Power Station in Australia


Herbert Smith Freehills has advised Alinta Energy owner, Chow Tai Fook Enterprises (CTFE) on the acquisition of the 1,000MW Loy Yang B Power Station located in Victoria, Australia.

The power station supplies close to 20 per cent of Victoria’s energy needs, and comes as Alinta expands its generation capacity and market penetration in Australia.

The purchase of Loy Yang B Power Station will enable Alinta Energy to provide more cost-effective electricity to its growing east-coast customer base.

Until completion the power plant will continue to be managed by ENGIE in Australia.

The Herbert Smith Freehills team was led by Partner Robert Nicholson (picture) with support from Partner Nick Baker, Executive Counsel Michelle Palethorpe, Senior Associates Claire Thompson and Brodie Same and Solicitors Lily Zhang and Madeleine Miller.

Partners John Schembri and David Kirkland, supported by lawyers Corrie Eames, Jessica Kim and Felix Buddee of Gilbert + Tobin advised CTFE in relation to financing of the acquisition and Partners Aaron Kenavan and Peter McDonald of Allen & Overy advised CTFE on ACCC and foreign investment matters.

King & Wood Mallesons advised ENGIE in Australia, International Power and Mitsui & Co., Ltd on the sale.

White & Case LLP has advised the senior lenders to Chow Tai Fook Enterprises (CTFE) on the financing of its acquisition from ENGIE and Mitsui of the 1,000MW brown coal-fired power plant Loy Yang B in Victoria, Australia.

The White & Case team which advised on the transaction was led by partner Joel Rennie with support from counsel Candice Ota (Melbourne) and associates Alyse Mobrici, Laura Baykara (both Melbourne) and Joe Park (Sydney).

Lazard acted as financial advisor to CTFE and Rothschild & Co acted as financial advisor to Engie in Australia, International Power and Mitsui & Co., Ltd.

Involved fees earner: Robert Nicholson – Herbert Smith Freehills; Nick Baker – Herbert Smith Freehills; John Schembri – Gilbert + Tobin; David Kirkland – Gilbert + Tobin; Corrie Eames – Gilbert + Tobin; Jessica Kim – Gilbert + Tobin; Felix Buddee – Gilbert + Tobin;

Law Firms: Herbert Smith Freehills; Gilbert + Tobin;

Clients: Chow Tai Fook Enterprises Limited;