SPIC Pacific Energy has been awarded of the 1.7GW Sao Simao hydroelectric plant on the Parnaiba river


Lobo de Rizzo advised on the transaction

SPIC Pacific Energy, controlled by Pacific Hydro Brasil, a subsidiary of China’s state-owned State Power Investment Company (SPIC), won the 1.7GW Sao Simao hydroelectric plant on the Parnaiba river, the largest of the four plants

SPIC Pacific Energy offered R7.18bn for the plant, a 6.5pc premium on the minimum bid of R6.74bn stipulated by the government. It was the only bidder for the asset.

Lobo de Rizzo Advogados advised Banco Santander and Banco BBVA acting as financial advisors of SPIC Pacific Energy with Fabrizio Sasdelli (Picture), Luis Fernando Guerrero, Marcelo Bez Debatin da Silveira, Mariana Miranda Lima, Milton Pinatti Ferreira de Souza y Sergio Varella Bruna. Asociados André Ramos Bedim, Andrey Biagini, Carla Cristina Martins Cardozo, Daniela de Pontes Andrade, Henrique Lago da Silveira, Luciana de Andrade Moura Lima, Marcelo Droghetti, Marina Maciel de Barros, Patricia Paoliello Lamaneres Binnie y Renata Soares Piazzon.

Involved fees earner: Fabrizio de Oliveira Sasdelli – Lobo & de Rizzo; Marcelo Frioli Droghetti – Lobo & de Rizzo; Luis Fernando Guerrero – Lobo & de Rizzo; Marina Maciel de Barros – Lobo & de Rizzo; Patricia Paoliello Lamaneres Binnie – Lobo & de Rizzo; Marcelo Bez Debatin da Silveira – Lobo & de Rizzo; Mariana Miranda Lima – Lobo & de Rizzo; Andrey Biagini Brazão Bartkevicius – Lobo & de Rizzo; Carla Cristina Martins Cardozo – Lobo & de Rizzo; Milton Pinatti – Lobo & de Rizzo; André Ramos Bedim – Lobo & de Rizzo; Sérgio Varella Bruna – Lobo & de Rizzo; Henrique Lago da Silveira – Lobo & de Rizzo; Renata Soares Piazzon – Lobo & de Rizzo; Daniela de Pontes Andrade – Lobo & de Rizzo; Luciana de Andrade Moura Lima – Lobo & de Rizzo;

Law Firms: Lobo & de Rizzo;

Clients: Banco Santander Sa; Banco Bilbao Vizcaya Argentaria (Bbva);

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Author: Ambrogio Visconti.