Contact Information: Contact: Matt Hyams King & Spalding Ph: (212) 827-4057
King & Spalding Advises on $3 Billion Power and Water Project in Qatar
| Source: King & Spalding
DOHA, QATAR--(Marketwire - March 27, 2008) - King & Spalding, a leading international law
firm, has advised Suez Energy International ("SEI," a division of Suez, SA)
and Mitsui & Co., Ltd. on a joint venture agreement with Qatar Petroleum
and Qatar Electricity and Water Co. The resulting business entity, Ras
Girtas Power Company, will develop the Ras Laffan C Power and Water
Project, which will be constructed in Ras Laffan Industrial City, Qatar.
Ras Laffan should start production by April 2011, preceded by an early
water and power phase by May 2010. Total financing for the project is
expected to exceed $3 billion and to be the largest power and water
financing in the world.
SEI and Mitsui have a 40 percent stake in the project, with the remainder
split between state-owned Qatar Petroleum and Qatar Electricity and Water
Corp. Upon completion, the Ras Laffan C Power and Water Project will be the
second largest power plant in the region, with a capacity of 2730 megawatts
and 63 million imperial gallons per day (MIGD) of potable water. The
facility is expected to generate revenues of $22.7 billion over 27 years.
A cross-office team of King & Spalding lawyers represented SEI and Mitsui
on this project, led by Houston partner John Barquin, London partner Scott
Samuel and Angus McFadden, of counsel in the firm's Dubai office. Dubai
associates Farida Midani, Feras Gadamsi and Yasmine Kurukgy also assisted
on the matter.
About King & Spalding
King & Spalding is an international law firm with more than 800 lawyers in
Atlanta, Charlotte, Dubai, Frankfurt, Houston, London, New York, Riyadh
(affiliated office), San Francisco, Silicon Valley and Washington, D.C. The
firm represents half of the Fortune 100 and in a Corporate Counsel survey
in September 2007 was among the top firms representing Fortune 250
companies. For additional information, visit www.kslaw.com.