Sanja Udovicic

概要

Sanja (Sonny) Udovicic is a partner in the Project Development & Finance practice.

Sonny’s practice focuses on the development and financing of energy, natural resource, infrastructure, telecom and media projects (and related M&A transactions) in Europe, the Middle East and Asia.

She represents financiers (including multilateral and bilateral development banks, export credit agencies, Islamic finance institutions, commercial banks and political risk guarantors), borrowers and sponsors on a variety of financing arrangements, including project, reserve-based lending, acquisition, vendor, structured and Islamic financings and related derivative transactions.

経験

Renewables

Lenders on the financing of three solar projects in Uzbekistan
EBRD and Proparco on the development and limited recourse project financing of two 50 MW solar projects in Egypt
Proparco on the financing of a solar project in Eqypt
OPIC and Proparco on the financing of a solar project being developed under the FiT program in Egypt
EBRD and ICD on the financing of the Shobak wind project in Jordan
Asian Development Bank, International Finance Corporation (IFC), Islamic Development Bank and K-EXIM on the multi-sourced project financing of the Patrind hydro power project in Azad Jammu & Kashmir, Pakistan
The financiers, Islamic Development Bank and Asian Development Bank and a consortium of Pakistan financiers, in connection with the fully Islamic-based financing of the Foundation Wind I and II Power Projects in Sindh province, Pakistan
Malakoff and NBT in the development and financing of three wind farms in the district Thatta located in the provinces of Sindh, Pakistan
IFC, ADB, IsDB, Proparco and the commercial lenders on the financing of the 83 MW New Bong Escape hydroelectric power project in Pakistan

Power

IFC, DFC and OFID on the Temane IPP project, a 400 MW gas-fired power plant in Mozambique. Awarded Africa Power Deal of the Year at the PFI Awards and IJGlobal Awards, 2021, Project Finance Deal of the Year at the IFLR Africa Awards, 2022 and Africa Deal of the Year at The Asset Triple A Asia Infrastructure Awards, 2022
IFC and KfW IPEX on the financing of the Acu LNG to Power Project in Brazil. Awarded Latin America Export Finance Deal of the Year by IJGlobal, 2019, Latin America Power Deal of the Year by Proximo, 2019, Power Financing Deal of the Year and Infrastructure Financing of the Year: Brazil by LatinFinance 2019
KfW IPEX on the refinancing of the GNA I LNG to power project in Brazil. Awarded LATAM Refinancing Deal of the Year at the IJGlobal Awards, 2021
KfW IPEX on the financing of the GNA II LNG to power project in Brazil
Lenders on the project financing of a CCGT power project in Uzbekistan
A syndicate of local, regional and international banks as lenders to the Salalah II IPP in the Dhofar region of the Sultanate of Oman
Lenders on a tiered refinancing comprising a project financing to Shuaibah Two Water Development Project Company and a private placement notes issuance by a DIFC issuer at a different level in the corporate structure
Exim Bank, K-sure and the commercial banks on the rescheduling of the Al Dur IWPP in Bahrain.
International Finance Corporation (IFC), EBRD, OFID, ICBC and CCB on the development and financing of the Zarqa CCGT Power Project at the Hussein site in Jordan
International Finance Corporation (IFC), Asian Development Bank and Clifford Capital in relation to the financing of the Sirajganj IPP in Bangladesh
The lenders to International Power S.A.’s bid for the Ibri/Sohar 3 IPPs in Oman
Malakoff in connection with the acquisition and acquisition financing of a stake in the Al Hidd power project in Bahrain
Maybank, M-exim, CIMB, RHB and Citibank, as lenders to Genting Energy on the 660 MW Banten IPP in Indonesia
JBIC and the commercial lenders on the development and financing of the $3 billion 2,520 MW and 136.5 MIGD Facility D IWPP in Qatar
The lending group (K-EXIM, IsDB and commercial banks) to Engie on its development and financing of the 1500 MW Fadhili CHP IPP in Saudi Arabia
The lenders in connection with a bid for the Prai IPP in Malaysia
The successful consortium of Adaro, Itochu and J-Power on the development and financing of the 2,000 MW Central Java IPP in Indonesia
AES in connection with development and financing of the Barka power and diesel project in Oman
ABN Amro, Paribas and Société Générale as international arrangers of the Sidi Krir power project in Egypt
The Electricity Supply Board of Ireland in connection with the financing of the Amorebieta power project in the Basque Country, Spain
National Bank of Kuwait, Gulf Bank and The Bank of Kuwait and the Middle East on the financing of the Sulaibiya waste water treatment project in Kuwait
PT Krakatau Posco Power in the financing and development of a captive power project in Indonesia
The arrangers in relation to SembCorp’s successful bid for the acquisition and expansion of the Fujairah IWPP in the UAE
JBIC and the mandated lead arrangers (Société Générale, Standard Chartered Bank and Royal Bank of Scotland) supporting the SembCorp, Kyushu and Sojitz consortium bid for the $3 billion Fujairah 2 power and water project in the UAE
K-sure (formerly Korea Export Insurance Corporation) on the project financing of the Al Dur IWPP in Bahrain, involving international and commercial debt financing, Islamic financing, political and commercial risk insurance from KEIC and a US-exim loan
BTMU, Calyon, HVB Unicredit, ING, KfW, Maybank, Société Générale and Standard Chartered Bank as mandated lead arrangers on the refinancing of the 1000 MW Santa Rita power project in the Philippines
KfW, SMBC and Standard Chartered Bank as mandated lead arrangers on the financing of the coal-fired GHECO-One IPP in Thailand
The sponsors on the financing of the Cebu power project in the Philippines, involving direct loans from K-EXIM and Asian Development Bank and K-EXIM covered commercial loans
Asian Development Bank and International Finance Corporation on the financing of the proposed acquisition by GDF Suez of the Calaca power project in the Philippines
The lenders on the financing of the San Lorenzo power project in the Philippines
Calyon, BNP Paribas and SMBC as mandated lead arranger’s on the refinancing of two of Tanjong’s Egyptian power projects (Port Said East and Suez Gulf)
BNP Paribas and SMBC as lenders to Kuasa Nusajaya (a subsidiary of Malaysia’s Tanjong Energy Holdings) on the financing of the acquisition of two power projects in Egypt
KEPCO on the acquisition financing of its stake in 11 power projects in the PRC
Edison Mission Energy on the acquisition of 2,088 MW of pumped storage assets in Wales
The lenders to a bidding consortium for the Umm Al Nar power and water desalination project in Abu Dhabi

Oil & Gas

IFC and KfW IPEX on the financing of the Acu LNG to Power Project in Brazil. Awarded Latin America Export Finance Deal of the Year by IJGlobal, 2019, Latin America Power Deal of the Year by Proximo, 2019, Power Financing Deal of the Year and Infrastructure Financing of the Year: Brazil by LatinFinance 2019
A consortium of international and Israeli lenders as lenders' international counsel on the $1.275 billion financing in respect of the exploration and development of the Karish natural gas field in Israel. This will be the first gas field in the eastern Mediterranean in which an FPSO will be deployed
The lenders on the reserve based lending and limited recourse project financing of an offshore oil & gas project in Egypt
International Finance Corporation (IFC) on the financing of the expansion of the Songo Songo gas field off the coast of Tanzania
HSBC and JP Morgan in connection with the proposed $2 billion financing for Delek Drilling and Avner Oil Exploration to finance the exploration and development of their interest in the Leviathan natural gas field in the Eastern Mediterranean
Société Générale (London Branch), Natixis and ING Bank N.V. in connection with the financing of LUKOIL's Gissar upstream gas development project in Uzbekistan
Asian Development Bank, Islamic Development Bank, Korea Development Bank and the commercial lenders on the multi-sourced RBL financing of the Khauzak-Shady upstream gas development project in Uzbekistan, involving political risk cover from two multilateral institutions
Angola LNG as borrower on a $1.8 billion financing to fund the upgrade of the project in 2016. Awarded Africa Oil & Gas Deal of the Year at the IJ Global Awards, 2017
PowerGen plc in connection with the development and financing of the Csepel gas-fired project in Hungary
Asian Development Bank on a proposed investment in the Sungas LPG distribution project in Afghanistan

Metals & Mining

Gerald Metals on the EPC and financing arrangements for the Marampa Project in Sierre Leone
Gerald Metals on their construction and financing arrangements for an iron ore mine
Tiberon in relation to the development and financing of a tungsten, fluorspar, copper, bismuth and gold mine in Vietnam

Petrochemicals

BASF and Sinopec in the resolution of contractor disputes under the construction contracts for seven separate project plants at the Nanjing Integrated Petrochemical site in Jiangsu Province, PRC
ANZ as Arranger on the financing of the Haldia Petrochemicals cogen power project in West Bengal

Infrastructure

The lenders (including EIB, IFC, AfDB, Proparco and OFID) on the restructuring of the project financing in respect of the Enfidha and Monastir airports in Tunisia, including extensive negotiations with government authorities. Awarded Restructuring Deal of the Year at the IFLR Africa Awards, 2021
A consortium of major Turkish and South Korean contractors, on the development and financing of the 1915 Çanakkale Bridge and Highway project in Turkey
Dai-Ichi Kangyo Bank Ltd., Bayerische Landesbank and Royal Bank of Scotland, as arranging bank group, in connection with the £200 million Croydon Tramlink construction project in South London, operated by Centrewest
European Investment Bank on the £1.975 billion financing of the Tube Lines London Underground PPP, as well as Bechtel (as one of the sponsors) in a separate engagement in the complex structuring of the sponsors’ equity in the project
Santander, Barclays and HSBC on the refinancing of Wembley Stadium’s project debt through a corporate financing at the Football Association level
LEAR Corporation in connection with its investments in a number of automotive parts joint ventures in China
P&O Ports Europe Ltd, as sponsor, in relation to construction and operation of the Derince Container Terminal, a $300 million container terminal in Turkey
DVB Bank as lender to the Curacao airport project in the Netherlands Antilles

Telecommunications

First Reserve and Alcatel Submarine Networks on the structuring, development and project financing of the Sonangol Offshore Optical Cable system (SOOC)
True Corporation of Thailand on the acquisition of a 39 percent equity stake in the TA Orange mobile telephone network from France Telecom
TA Orange Company Limited on the long-term refinancing of its telecom network in Thailand
True Move Communication Limited, a mobile telecommunications operator in Thailand, in connection with its recent high yield bond offering
Huawei in connection with its vendor financing of equipment to Sheba Telecom, a subsidiary of Orascom Telecom Holdings S.A.E., in Bangladesh
Huawei in connection with its vendor financing of 3G equipment to Mandarin Communications Limited, a subsidiary of SUNDAY Communications Limited, in Hong Kong
Ericsson on the securitization of its vendor financing portfolio
PTK Centertel, a subsidiary of France Telecom, in relation to the financing of its mobile phone network in Poland
Petra Jordanian Mobile on the financing of its mobile network in Jordan
Optimus Telecomunicacoes on the financing of its mobile telephone network in Portugal
Egyptian Company for Mobile Services (a joint venture of France Telecom, Motorola and Orascom) on the bridge financing of its mobile telephone network in Egypt

Other

International Finance Corporation (IFC) on the restructuring of loans to a glass manufacturing business in Moldova
International Finance Corporation (IFC) on a proposed investment in the development and financing of a greenfield industrial food complex in Madagascar
International Finance Corporation (IFC) on the financing of a mixed-use hotel and residential resort at Brizenica Bay located in Hvar, Croatia. The management and operation of the resort will be led by entities within the Four Seasons group

Finance

The multi-sourced lender group, including two ECAs, on a major restructuring for a limited recourse financing in Bahrain
Asian Development Bank on its loan to Business Development Bank in Shanghai
Merrill Lynch as underwriter on the intercreditor and security aspects of Berau Coal’s Indonesian high yield bond offering
The structuring of ADM Maculus Fund’s investment in Indian Cements Limited, through a combination of convertible notes, bonds and debt
Deutsche Bank on the securitization of a portfolio of its project financings

Mergers & Acquisitions

InterGen in connection with the sale to Centrica plc of a 50 percent stake in the Spalding power project
Osaka Gas on its acquisition of a 50 percent stake in the Amorebieta power project in Spain
InterGen in connection with the sale of its interests in the Aldbrough gas storage project
Bank of America on the financing of the acquisition of the Killingholme power station
Asian Development Bank on its potential acquisitions of NPL portfolios from two PRC Asset Management Companies
Asian Development Bank on its acquisitions of stakes in Bank of China and Hangzhou City Commercial Bank
New-Wave Investment Holding Company Limited in the financing of its acquisition of a 9.3% interest in SINA Corporation
The borrower on an acquisition financing facility from JPMorgan Chase Bank to partially fund the taking private of Shanda Interactive Entertainment Limited, a leading interactive entertainment media company in China
Royal Bank of Scotland in connection with its equity interest in the Edipower project in Italy

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