Mayer Brown and Tauil & Chequer Advogados (T&C), in association with Mayer Brown, advised GE Capital on a transaction that was named the winner in two categories by LatinFinance magazine in its 2018 Project & Infrastructure Finance Awards. The annual awards honor “the most impressive transactions and institutions in a field critical to the region’s economic progress.” The winning transaction is:

Celse:
Best Bond; and Best Infrastructure Financing: Brazil

Mayer Brown and T&C lawyers represented GE Capital as a credit supporter for the Porto de Sergipe I liquefied natural gas (LNG) power plant arranged by Centrais Elétricas de Sergipe (CELSE). The project raised approximately $1.46 billion through bond buyers and multilateral lenders. According to the LatinFinance, “Celse’s innovative approach, which also includes a bond guarantee from the Swiss export credit agency SERV, has earned the power company the awards.” The project, located in Barra dos Coqueiros in the State of Sergipe, comprises of three main units: a floating offshore storage and regasification unit, a thermoelectric plant and a transmission line to transport regasified LNG from the offshore terminal to the plant. The completed project will be the largest thermal power plant in Brazil by capacity. The team was led by Banking & Finance partner Eduardo Lima (São Paulo) and included: Banking & Finance partners Luis Montes (São Paulo) and Brian Newhouse (New York), associates Ingrid Pistili and Theodoro Scott (both São Paulo); and Corporate & Securities partner Jose Valera (Houston) and senior counsel Debora Yanasse (Rio de Janeiro).

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