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Clifford Chance has advised B. Grimm BIP Power Ltd and Bangkadi Clean Energy Ltd on a total financing of 9.75 billion Thai baht (about $ 325 million) for two gas-fired power projects in Thailand.

The two projects, located in Bangkadi Industrial Park, Pathumthani Province, will have an installed generating capacity of 114MW each, and will be developed by B. Grimm Power Ltd.

The separate loans of THB4.835 billion to B. Grimm BIP Power Ltd and THB4.89 billion to Bangkadi Clean Energy Ltd were provided by Kasikornbank and Bangkok Bank. B. Grimm, a developer of private power generation, builds and operates power plants in Thailand and Vietnam.

The Clifford Chance team was led by partner Fergus Evans.

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