Project Development & Finance

  • Video: Chile’s New Electricity Highway

    6 Sep 2017

    Partners Cynthia Urda Kassis and Alexandro Padrés (both New York-Project Development & Finance) discuss how the Transmisora Eléctrica del Norte S.A. (TEN) financing project transformed Chile’s transmission development, aligning infrastructure to policy objectives by creating an opportunity for renewable sources to be better integrated into the market.

  • D.C. Circuit: FERC Must Consider Potential Pipeline Downstream GHG Effects

    28 Aug 2017

    On August 22, the U.S. Court of Appeals for the District of Columbia Circuit, in a 2-1 decision, vacated and remanded orders of the Federal Energy Regulatory Commission (FERC) authorizing the construction and operation of three natural gas pipeline projects to serve Florida and southeastern markets  because FERC’s environmental impact statement (EIS) issued in connection with FERC’s environmental review of the pipelines did not contain enough information on greenhouse gas (GHG) emissions that will result from burning the natural gas carried by the pipeline projects.

  • Shearman & Sterling Contributes to Liquefied Natural Gas, The Law and Business of LNG

    23 Aug 2017

    Project Development & Finance partner Anthony Patten, counsel Anthony Lepere, associate Lachlan Clancy and trainee Andrea Callá have contributed to the forthcoming third edition of Liquefied Natural Gas, The Law and Business of LNG. This practical title has been updated to take into account the rapidly shifting arrangements and participations in the international LNG sector. Anthony Patten and Anthony Lepere (with assistance from Andrea Callá) collaborated with Elze Frima from Shell to update the chapter concerning floating LNG, while Anthony Patten (with assistance from Lachlan Clancy) collaborated with Philip Thomson from Ashurst to update the chapter concerning LNG trading.

  • Public Healthcare in the Kingdom of Saudi Arabia: Plans for Private Sector Participation

    July 2017

    Saudi Vision 2030 and the National Transformation Program 2020 are built upon the encouragement of private sector investment in sectors that have been predominantly funded and serviced by the Government in the past. Reform of how public healthcare and related services are delivered in the Kingdom is one of the Government’s most important priorities. According to the National Transformation Program 2020, the Ministry of Health (the “MOH”) plans to spend up to SAR23 billion prior to 2020 to reform and restructure primary health care. This article summarises our current understanding of the strategic framework that has been developed by the MOH for private sector participation (“PSP”) in the delivery of public healthcare in the Kingdom, including the MOH’s PSP initiatives, the phases for the implementation of the PSP program, the proposed PSP structure and the proposed delivery models for the PSP initiatives.

  • Shearman & Sterling Lawyers Write Article on Revolutionary Change in Chilean Energy Sector

    6 Jun 2017
    The Chilean energy sector will undergo a revolutionary change in 2017, as the two major grids, the Sistema Interconectado del Norte Grande in the north, and the Sistema Interconectado Central, which covers the center and south of the country, will become interconnected.
  • Trump Infrastructure Plan Envisions Greater Role for Public-Private Partnerships

    2 Jun 2017

    Last week, the White House released an infrastructure “fact sheet” (the “Fact Sheet”) that accompanied its proposed Fiscal Year 2018 budget. The Fact Sheet includes an Infrastructure Initiative (the “Initiative”) that provides a glimpse into how the Trump administration may approach infrastructure policy. This client alert highlights major aspects of the Initiative with a particular focus on its potential impact on private investment in the infrastructure sector and, in particular, public-private partnerships or P3s.

  • Trump Administration Pronouncements on Authorization of Jordan Cove LNG Project Could Raise Issues Before the Senate and in the Courts

    24 May 2017
    Since the resignation of Federal Energy Regulatory Commission (FERC) Chairman Norman Bay in early February, FERC has been without a quorum of three commissioners and, as a result, has not been able to issue orders and take other actions where a vote of the commission is required. On May 25, the Senate Energy Committee will hold a hearing to consider President Donald Trump’s nominations to two of the three open Republican seats on FERC: Neil Chatterjee, an energy policy advisor to Senator Mitch McConnell (R-KY), and Robert F. Powelson, a commissioner on the Pennsylvania Public Utilities Commission and current President of the National Association of Utility Regulatory Commissioners. Senate confirmation of these prospective FERC commissioners could be complicated by recent statements by Gary Cohn, director of the National Economic Council, with respect to FERC approval of the proposed Jordan Cove LNG Project, consisting of a liquefied natural gas (LNG) export terminal in Coos Bay, Oregon (Jordan Cove LNG Terminal) and an approximately 232-mile interstate natural gas pipeline originating at the Oregon/California border and terminating at the Jordan Cove LNG Terminal (Pacific Connector Pipeline).
  • MEMR Regulation 10 of 2017 of Indonesia: Blurring the Lines

    19 May 2017
    Indonesia’s state-owned power company, PT PLN (Persero) (PLN) has a long track record of successfully financed independent power projects (IPPs) and a very well established form of power purchase agreement (PPA).  
  • FERC Accelerates Efforts to Integrate Electric Storage Projects Into Jurisdictional Wholesale Markets

    19 May 2017

    Over the past year, the Federal Energy Regulatory Commission (FERC) has accelerated its efforts to facilitate integration of electric storage projects into wholesale electricity markets subject to its jurisdiction.

  • Indonesia’s MEMR Regulation 12: A Step Forward or a Step Back?

    19 May 2017

    Despite a significant renewable energy potential, Indonesia currently only produces six percent of its electricity from renewable energy. The Indonesian government is targeting increasing this to 23 percent by 2025. Many view this as ambitious given the pace at which renewable energy projects have been developed in Indonesia in recent years.


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