Energy
including power generation, upstream oil & gas, LNG liquefaction and regasification, refining, petrochemicals and gas/electricity transmission
including power generation, upstream oil & gas, LNG liquefaction and regasification, refining, petrochemicals and gas/electricity transmission
During the 4 month bid development period Geoff Knox and James Benbow were based predominantly at GDF Suez’s Dubai office working closely with GDF Suez’s development team. They were responsible for all the financial aspects of the bids, which were submitted in December 2009, including:
Portland Advisers assisted with the bid clarification process and negotiation with the government leading to award of both projects to the GDF Suez consortium. The deals closed in September 2010. It was awarded “Middle East Power Deal of the Year 2010” by Project Finance International.
GDF Suez, acting through Suez-Tractebel SA, is the market leader in the Middle East IPP market, having bid successfully in recent years for power projects in UAE, Oman, Bahrain, Qatar and Saudi Arabia. GDF Suez’s IPP business merged with International Power plc in 2011.