Chandler MHM

Chandler MHM advised on the financing of 7 SPP gas-fired power plants

Chandler MHM recently advised on the financing of 7 SPP gas-fired power plants for B.Grimm Power Public Company Limited ("B.Grimm"). B.Grimm is investing THB 40 billion ($1.29 billion) into the projects which will have a combined capacity of 980 megawatts. Five of the seven projects are developed under a replacement scheme with the Electricity Generating Authority of Thailand.

The lenders to the B.Grimm projects included Bangkok Bank, Siam Commercial Bank, Kasikornbank and state-owned lenders, Export-Import Bank of Thailand and Government Savings Bank. Construction will be carried out by Siemens Energy Co Thailand and Toshiba Plant Systems and Services Corporation.

Joseph Tisuthiwongse, partner, led the Chandler MHM team supported by Tip-apa Limvichai (Counsel), Disaporn Saengpetch (Senior associate) and Suphachok Saengarun (Associate).

Joseph commented that "We are honored and delighted to assist B.Grimm again on these projects. Thailand will continue to require stable, clean energy as part of its future economic development, and we remain committed to helping B.Grimm be a part of this development."

Chandler MHM frequently advises both lenders and sponsors on power generation projects in Thailand and across South East Asia.