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Between 19-20 February 2019, NNDKP will be at ZF Power Summit 2019, organised by Ziarul Financiar in Bucharest. The 8th edition of the summit will focus on the latest fiscal changes and the necessary investments in the energy sector. NNDKP’s Partners and co-heads of the Energy and Natural Resources practice, Gabriela Cacerea and Ruxandra Bologa will be speakers at the event.
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KALO & ASSOCIATES acted as local counsel to the lenders in the EUR 3,9 billion financing of Trans Adriatic Pipeline (TAP), the largest project finance agreed for a European infrastructure project in 2018. Read more about the completed project financing on TAP's website.
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Kyriakides Georgopoulos Law Firm is pleased to announce that it advised the consortium composed by Snam, Enagás and Fluxys on over 10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value to fund the acquisition, through Senfluga Energy Infrastructure Holdings, of a 66% stake of the Hellenic Gas Transmission System Operator S.A.
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Gus J. Papamichalopoulos, Head of KG Law Firm’s Energy Infrastructure team and Deputy Chairman of IENE - Institute of Energy for South-East Europe, acted as a coordinator of the first session "Energy Markets in Transition" at the 23rd National Conference "Energy & Development 2018" on 22 November 2018. For more information, click here.
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KALO & ASSOCIATES advised the European Bank for Reconstruction and Development (EBRD) on a EUR 6 million loan that EBRD is providing to Union Bank Albania under the Green Economy Financing Facility for the Western Balkans. For more information, please visit https://www.ebrd.com/news/2018/ebrd-lends-6-million-to-union-bank-to-boost-green-energy-investments-in-albania.html
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The 8th International Conference on Mineral Resources held on 13-14 November 2018 in Belgrade welcomed experts from the government and the private sectors to discuss topics relevant for the mining industry. Janko Nikolic, Senior Associate at BDK Advokati, participated at the panel on project financing and legal framework in the mining business. He provided an overview of relevant legal norms in Serbia, commending Serbia’s Mining Act of 2015 as a modern piece of legislation that has been recognised as favourable and conducive to further development of the industry in Serbia. Janko stressed the…
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The 3rd SE Europe Hydrocarbons Upstream was the topic of the successful workshop held on 30 – 31 October 2018 by the Institute of Energy for South-East Europe (IENE). The event was attended by professionals and dignitaries from all over the world. For more information, please click here.
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Kyriakides Georgopoulos Law Firm discuss the Second Call by RAE for RES Tenders in their latest Energy newsletter. Three months after the conduct of the first round of the RES Tenders, RAE, by virtue of its draft for the Second Call for Tenders, proposed the terms and conditions for three Competitive Procedures for the submission of proposals by renewable power stations. To read the energy newsletter, please click here.
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The aims of the fifth Adaptable Program Loan for the development objectives of Energy Community of South East Europe Program are to: (i) contribute to safeguarding the major hydroelectric plants of Albania (Fierza, Koman and Vau i Dejes dams on the Drin river); and (ii) improve their operational efficiency and enhance the stability of power supply for the regional electricity market. The project’s main impact will be to prevent a possible catastrophe resulting from a dam failure. Such a catastrophe can result in significant loss of life and damage to property of persons living in downstream…
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An EBRD funded project for reviewing the existing legal and regulatory arrangements in Albania and developing secondary legislation and regulatory rules is underway. The aim of the project is to assess the technical options for the solar PV support programme (e.g. size, location, etc.), provide recommendations to the Albanian authorities in this respect and provide implementation support to authorities for the support programme.
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An EBRD funded project, assisting the Albanian Gas Transmission System Operator ALBGAZ SHA, aiming to setting up a regulatory unit with the objective of implementing the gas transmission tariff regulation, operationalizing the network code and developing a gas transmission CAPEX planning procedure.
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KG Law Firm continues to have the leading role in the transaction advising the consortium members on all aspects of the project vis-a-vis the sellers (i.e. Hellenic Petroleum S.A. and HRADF) as well as for the internal affairs of the members of the Consortium. The firm represented the Consortium in all negotiation and drafting sessions for the finalization of the Transaction Documents in order to reach signing and closing due to the outstanding conditions precedent. KG Law Firm’s team have completed the extensive legal due diligence on DESFA in March 2018 and provided legal opinions on several…