Milbank has advised Asian Development Bank (ADB) and senior secured parties on the $692 million financing and construction of a 600-megawatt wind power plant in southern Laos. The project will be the largest wind power plant in Southeast Asia, and the first in Laos.
Other law firms advising the lenders include Frasers Law Company, Allen & Gledhill, and LS Horizons. The sponsors, Monsoon Wind Power Company, were represented by Hunton Andrews Kurth, DFDL, and Vilaf.
The wind power plant, located in Laos’ Sekong and Attapeu provinces and comprising 133 wind turbines, will export electricity to Vietnam under a power purchase agreement with the state-owned electric utility Vietnam Electricity.
In a statement, ADB said that “developing economies in Asia and the Pacific face shortfalls in climate investments that are needed to clear a pathway to green growth. The syndication of development and commercial financing for this project bridges this gap.”
Other lenders included the Asian Infrastructure Investment Bank, the Hong Kong Mortgage Corporation, the Japan International Cooperation Agency, the Export-Import Bank of Thailand, Kasikornbank, Sumitomo Mitsui Banking Corporation, and Siam Commercial Bank.
Partner James Murray led the Milbank team.
