The Rosatom El Dabaa Nuclear Power Plant - one of the largest new-build nuclear power construction projects in the world and a major file for Gowling WLG's Canadian Nuclear Energy Group - has been shortlisted for the 2018 IFLR Middle East Awards in the "Project Finance Deal of the Year" category.
Hosted by the International Financial Law Review and presented at a ceremony last night in Dubai, the IFLR Middle East Awards distinguish the top international deals in the Middle East and North Africa and the legal teams behind them.
Gowling WLG's Nuclear Energy Group acted for Rosatom State Corporation and its subsidiaries in successfully concluding the negotiation of the El Dabaa Nuclear Power Plant transaction. Formally announced in December 2017, the project involves the construction of a 4,800MW nuclear power station in Egypt, consisting of four 1,200MW nuclear reactors, along with nuclear fuel, spent fuel, and operations and maintenance related goods and services. The reactors will be owned and operated by Egypt's Nuclear Power Plants Authority, part of Egypt's Ministry of Energy.
The team played a central role in negotiating the Engineering, Procurement and Construction (EPC), Operations Support and Maintenance (OS&M), Nuclear Fuel Supply (NFS), and Spent Nuclear Fuel (SNFT) contracts. It also provided strategic advice on risk management, project delivery, regulatory and licensing requirements, and nuclear liability.
Gowling WLG's Canada-based Rosatom team was led by Ahab Abdel-Aziz, and included Ted Betts, Paul Harricks, Ian Palm, Paul Murphy, Paul Armitage, Aubrey Lasky and Magda Hanebach.
The professionals in Gowling WLG's Nuclear Energy Group have been delivering legal and strategic counsel to leading members of the Canadian and global nuclear industry and governments. They are currently advising on nuclear mandates in Canada, the U.K., Turkey, Saudi Arabia, Egypt, Argentina, South Africa and Finland. They have advised on nuclear mandates in other countries around the world, including the United Arab Emirates, Germany, South Korea, Australia, China, Russia, Jordan, Romania, and the United States.