Leading international law firm Clifford Chance has advised B. Grimm BIP Power Limited and Bangkadi Clean Energy Limited on a total financing of THB9.75 billion (approximately US$ 325 million) for two gas-fired power projects located in Bangkadi Industrial Park, Pathumthani Province in Thailand.
The two projects will have an installed generating capacity of 114MW each and will be developed by B. Grimm Power Limited.
The separate loans of THB 4.835 billion to B. Grimm BIP Power Limited and THB4.89 billion to Bangkadi Clean Energy Limited were provided by KASIKORNBANK Public Company Limited and Bangkok Bank Public Company Limited.
Finance counsel Joseph Tisuthiwongse said, “We are delighted to work with B. Grimm Power on another successful project financing. We look forward to continuing our longstanding relationship with the B.Grimm team as we complete their pipeline of projects throughout the next few years .”
Partner Fergus Roberts and counsel Joseph Tisuthiwongse led on this transaction and was assisted by senior associate Natchapon Padungkittimal.
B. Grimm is one of the leading developers of private power generation and builds and operates power plants in Thailand and Vietnam.
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