Hughes Hubbard Advises Côte d’Ivoire on Energy Infrastructure Projects with Power32
Projects support Côte d’Ivoire’s energy security and power generation goals.
Highlights
Advised Côte d’Ivoire on two strategic energy infrastructure projects with Power32 to strengthen electricity generation and natural gas supply.
Assisted with the structuring, negotiation and implementation of a 225 MW floating power plant, as well as a LNG storage and regasification project near Abidjan.
Negotiated key concession, supply, operating and guarantee agreements supporting the country’s long-term energy security and infrastructure development.
Hughes Hubbard advised Côte d’Ivoire on two critical infrastructure projects with Power32, as part of the West African country’s drive to reinforce its electricity production capacity and secure a reliable supply of natural gas for its energy needs.
The projects involve the supply and operation by Power32 of a 225 MW floating power plant to be moored off Abidjan, Côte d’Ivoire, and the supply and operation of a floating unit for the storage of liquefied natural gas and an on-land regasification facility, together with associated infrastructure and pipelines.
Hughes Hubbard assisted the state on the structuring of the projects and the negotiation and finalization of the project contracts, including concession agreements, supply and operating agreements, and associated guarantees.
Power32 is a clean energy company backed by global petrochemical and energy company Proman that develops methanol-fueled power and heat generation solutions.
Sena Agbayissah and Rhidian David led the Hughes Hubbard team.
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