A deal advised by KhanLex has been awarded “Asia Pacific Wind Deal of 2016” at the IJ Global Awards ceremony held in Singapore on 9 March 2017.
KhanLex advised Clean Energy Asia and its two sponsors – Newcom and Softbank Group – on the development and financing for the construction of the 50MW Tsetsii Wind Farm in southern Mongolia. This was the second wind farm project that was successfully developed by the private sector in Mongolia. The project is the first dollar-denominated project finance debt transaction by JICA through its Private Sector Investment Finance scheme in the renewable energy field. It also marks the first power generation business in Mongolia for SoftBank Group.
Commenting on the award, Mr. Enkhbat Batsukh who led the KhanLex team advising on this transaction said “The award serves as the recognition of the importance of the deal not only for our clients, but also for our country, Mongolia, underpowered, yet abundant in renewable resources. We are also happy that the award recognizes our firm’s energy work thus far. We sincerely thank our clients for their trust to allow us to assist with this complex deal”.
Baker McKenzie Wong & Leow, member firm of Baker & McKenzie in Singapore, acted as the international counsel for the sponsors on the Tsetsii Wind Farm Deal.
Each year, the IJ Global Awards recognizes the best energy, infrastructure and mining deals from around the world.
For a complete list of winners of the 2016 IJ Global Awards, please click here.
N.B.: Enkhbat Batsukh led the above work while being a partner with the merged firm “MDS KhanLex LLP” (now de-merged). In 2018, Enkhbat Batsukh together with Uchralbayar Iderkhangai, another former lawyer of “MDS KhanLex” who advised on the above transaction, have relaunched their pre-merger firm “KhanLex Partners LLP”