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Bill McCormack
Partner




Education

Trinity College, Dublin, LL.B. First Class Honours, 1989 Foundation Scholar


Practice

Bill McCormack is a partner in Shearman & Sterling’s Project Development & Finance Group. Bill has been based in the Singapore office since 1997. He has worked on the development and financing of many significant energy, telecoms and other infrastructure projects in Europe and Asia, as well as acquisitions and disposals in the power, telecoms and oil and gas sectors. Bill is listed by Euromoney as one of the world’s leading project finance lawyers, included in both the International Who’s Who of Project Finance Lawyers and the International Who’s Who of Oil and Gas Lawyers and recommended by the latest edition of Chambers Global and Asia-Pacific Legal 500.


Recent Experience

Project Development & Finance Transactions

  • SMBC, Standard Chartered Bank and KfW in relation to the 660MW GHECO coal-fired project in Thailand
  • IFC and Asian Development Bank in relation to the financing of the acquisition by Suez International Energy of the Calaca coal-fired power project in the Philippines
  • SMBC and BNPP in relation to the refinancing of the Gulf de Suez and Port Said power projects in Egypt
  • PSA in relation to the financing of the Thi Vai container port project in Vietnam
  • The arrangers in relation to the US$1.3 billion financing of the Fujairah IWPP in Abu Dhabi
  • The lenders (including JBIC) in relation to the financing of the Ratchaburi power project in Thailand
  • The Asian Development Bank in relation to the financing of the New Bong Escape hydel project in Pakistan
  • Tiberon in relation to the development and financing of a tungsten, fluorspar, copper, bismuth and gold mine in Vietnam
  • The Optimal group of companies in relation to the US$1.3 billion financing of an integrated petrochemical facility in Kertih, Malaysia
  • The Asian Development Bank in relation to the Tanjeel copper mine in Balochistan, Pakistan
  • The lead arrangers in relation to the project financing of an oil receiving terminal in Singapore for Horizon Limited
  • The lead arrangers in relation to a revolving loan facility for Thaioil
  • The arrangers in relation to the financing of International Power and Mitsui’s US$915 million purchase of a portfolio of 10 power projects from Edison Mission Energy
  • TA Orange (a joint venture between TelecomAsia, the CP Group and Orange) in relation to the development and US$870 million limited recourse financing of a national GSM mobile network in Thailand
  • PETRONAS in relation to the development and operation of the PCMC project in Malaysia
  • The lenders (including KfW) on the financing of the 500 MW San Lorenzo Power Project in the Philippines
  • The lenders in relation to the Sidi Krir BOOT Power Project in Egypt, the first Independent Power Project in Egypt
  • BPL Power on the development and financing of a 2 x 260 MW coal-fired power station in Ramagundam
  • The lenders on the refinancing of Idea Cellular (formerly Birla AT&T), the operator of a mobile network in India
  • The sponsor in relation to a 500 MW coal-fired power station to be constructed by SPIC Electric Power at Tuticorin, Tamil Nadu
  • BNP in relation to the US$600 million financing of the Nakornthai Strip Mill steel project in Thailand
  • PowerGen in relation to the 2 x 700 MW BLCP coal-fired power station in Map Ta Phut, Thailand
  • A Japanese financial institution in relation to an infrastructure debt fund whose investments will be covered by political risk guarantees issued by JEXIM and the Asian Development Bank
  • InterGen in relation to the 750 MW combined cycle gas turbine power project at Coryton
  • PowerGen on the 389 MW combined cycle gas IPP in Csepel, Hungary and the 900 MW Tapada Project in Portugal
  • The lenders in relation to the Croydon Tramlink Project
  • IFC in relation to a US$400 million financing for NFS in Thailand
  • United Engineers in relation to the North-South Expressway, the National Sports Complex, the Manila Cavite Toll Expressway and the Second Crossing Projects

M&A Transactions

  • SembCorp in relation to its bid for Tuas Power
  • Tokyo Gas in relation to its bid for an interest in the Singapore LNG project
  • PETRONAS in relation to its acquisition of a 10% stake in Cairn India
  • A regional oil company in relation to its proposed bid for an upstream interest in an offshore block in Nigeria
  • A bidding consortium in relation to a bid for the power assets of InterGen
  • A bidder in relation to the Asian power assets of El Paso
  • A major developer in relation to the acquisition of a stake in four power projects in the Philippines
  • True Corp in relation to the acquisition of a stake in TA Orange from France Telecom
  • SK Telecom in relation to its bid for a majority stake in ExcelComindo
  • A US telecoms company in relation to the acquisition of a stake in a mobile operator in Indonesia
  • CLP and United Engineers in relation to their proposed bid for power-generating assets in Singapore
  • Hydro-Quebec International in relation to its acquisition of a stake in Meiya Power, including due diligence on Meiya Power’s China assets
  • PowerGen in relation to the acquisition from the LG Group of a stake in the Bugok IPP in South Korea and the subsequent sale of that stake back to the LG Group
  • The Bank of Thailand and Ministry of Finance in connection with the privatization of Nakornthon Bank and Radanasin Bank
  • KfW in relation to the acquisition of a minority interest in a Thai telecommunications company
  • British Energy in relation to its acquisition of a strategic stake in the Humber Power Project


Selected Professional & Business Activities

Member of Law Society of England and Wales