Electricity Generating Authority of Thailand’s Power Project Financing

Baker McKenzie Thailand represented five syndicated lenders in the deal.

A syndicated lenders completed six project financings of seven power plants across the country as part of the Electricity Generating Authority of Thailand’s (EGAT) third-generation small power producer (SPP) program and SPP replacement program. The key sponsor of these project companies is B. Grimm Power Public Company Limited.

The lenders consisted of Bangkok Bank Public Company Limited, Export-Import Bank of Thailand, Government Savings Bank, KASIKORNBANK Public Company Limited and The Siam Commercial Bank Public Company Limited, financed approximately THB 30 billion.

The Baker McKenzie team was led by partner Vit Vattanayothin (Picture), Senior Associate Napas Na Pombejra and Associates Cheewin Chiangkan, Sawaporn Sophanodora, Pranisa Chinkulkitniwat, Hongrat Jungwanitchakun and Sitikorn Tangsiri.

Involved fees earner: Cheewin Chiangkan – Baker McKenzie; Pranisa Chinkulkitniwat – Baker McKenzie; Hongrat Jungwanitchakun – Baker McKenzie; Napas Na Pombejra – Baker McKenzie; Sawaporn Sophanodora – Baker McKenzie; Sitikorn Tangsiri – Baker McKenzie; Vit Vattanayothin – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Bangkok Bank; Export-Import Bank of Thailand; Government Savings Bank (Thailand); Kasikornbank; Siam Commercial Bank;

Author: Michael Patrini