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Reed Smith Assists Electricite Du Cambodge in 2,400-MW Energy Deal

Source: 
Targeted News Service (Press Releases)

SINGAPORE, Sept. 19 -- Reed Smith, a law firm, issued the following news release:

Reed Smith is pleased to have supported Electricite du Cambodge ("EDC"), Cambodia's main electricity supplier, with two significant agreements to purchase power from two independent power producers ("IPP") from Lao PDR, Xekong Thermal Power Plant Company Limited, and TSBP Sekong Power and Mineral Company Limited.

The two projects totalling 2,400 megawatts, will start supplying power to EDC in 2024 and over a 30-year period. This is a landmark transaction for the Royal Government of Cambodia given the size of the projects and would play a key role in supporting the nation's electricity needs. It is also EDC's first two cross-border agreements with an IPP.

The Reed Smith team advising on this matter was led by Singapore-based Energy and Natural Resources partners Kohe Hasan and Bree Miechel, supported by partners and associates in Singapore, Paris and London.

Mr Keo Rottanak, Minister attached to the Prime Minister and Managing Director of EDC commented: "It was a privilege working with the Reed Smith team. They are extremely driven, highly professional and were able to deliver under very tight timelines. Kohe knows the Cambodian market well and that helps with the smooth progress of the transaction."

Kohe, who is highly regarded for her standout practice in Cambodia, said: "We were delighted to be involved in such a milestone transaction which will have a meaningful impact on the lives of the people of Cambodia."

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