Energy

The Energy practice at RTPR has won an enviable reputation in recent years for its work in development, financing and secondary and tertiary sales and acquisitions.

Our Energy practice looks at assets as our clients do, cutting across traditional disciplines such as acquisition, privatisations, acquisition finance, project finance, securitisation, real estate and construction, to provide a one-stop shop for all aspects of legal advice needed in connection with any investment in the energy sector.

We have gained a thorough understanding of the challenges all commercial parties involved in energy businesses face and the innovative solutions that have been developed to address them.

Transactions

An international financial institution on a USD 60 million secured financing to SNTGN Transgaz SA Medias, the national gas transmission grid operator, for the construction of Phase 1 of the Bulgaria-Romania-Hungary-Austria pipeline/corridor (BRUA project)
Two international financial institutions on a EUR 188 million project financing which comprises several loans, part of which syndicated by commercial banks, to two Romanian companies controlled by EDP Renováveis, a global leader in the renewable energy sector, to finance the construction and operation of two wind farms, Cernavoda and Pestera, located in Dobrogea having a total installed capacity of 228 MW
China Huadian Engineering, part of the China Huadian Corporation on their bid in the acquisition of a majority stake in Hidro Tarnita SA, the first pumped storage hydro power plant in Romania and one of the few pumped storage hydro power plants in Eastern Europe
Societatea Energetică Electrica S.A. on the acquisition of the minority stakes held by Fondul Proprietatea in the company’s energy distribution and supply subsidiaries.
The syndicate of banks made up of ING Bank N.V. through ING Bank N.V. Amsterdam – Bucharest Branch, Banca Comerciala Romana, Raiffeisen Bank and UniCredit Bank on a USD 360 million credit facility granted to KMG International group for covering the regular needs in the group activity
An international financial institution, Unicredit Bank Austria and Erste Group Bank on a EUR 50 million project financing extended to a Romanian company controlled by EDP Renováveis, a global leader in the renewable energy sector, to finance the construction and operation of two wind farms, Vutcani and Sarichioi Wind Farms located in Vaslui and Tulcea counties, having a total installed capacity of 57 MW
Allianz Capital Partners on the acquisition of a 30% stake in E.ON Distributie Romania, the largest electricity and gas distribution network operator in the northern part of Romania. This is the largest transaction in Romania in the energy sector in the last years.
China Huadian Engineering, part of the China Huadian Corporation on the joint venture with Complexul Energetic Oltenia, the largest coalfired electricity producer in Romania, for the construction and operation of a 600MWh power plant, this would be the first coal-fired power plant project built in Romania in the last 25 years
Electrica on its IPO (issuer’s counsel) on the Bucharest Stock Exchange and on the London Stock Exchange. This is the largest IPO on the Romanian market to date.
Eni, a multinational oil and gas company, on the Romanian law matters related to the sale of its downstream assets (including the Agip branded petrol stations) in the CEE region, to MOL
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Recognition

  • Tier 1 - Energy and natural resources practice in Romania
    Legal 500 2020, 2018, 2017
  • A dedicated and professional team.
    Legal 500 2020, Romania, Energy and natural resources
  • RTPR is particularly well regarded for energy-related transactions and financing.
    Legal 500 2019, Romania, Energy and natural resources
  • At RTPR, the ‘extremely bright, commercially oriented and focused’ team is ‘always prompt, dedicated, and gives excellent solutions’.
    Legal 500 2018, Romania, Energy and natural resources
  • RTPR ‘provides prompt advice during negotiations’.
    Legal 500 2017, Romania, Energy and natural resources

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