White & Case Advises Odebrecht on US$1.39 Billion Sale of 456 MW Hydroelectric Power Plant in Peru | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Odebrecht on US$1.39 Billion Sale of 456 MW Hydroelectric Power Plant in Peru

White & Case Advises Odebrecht on US$1.39 Billion Sale of 456 MW Hydroelectric Power Plant in Peru

Global law firm White & Case LLP has advised Odebrecht on its proposed US$1.39 billion sale of the 456 MW Chaglla hydroelectric power plant in Peru ("Chaglla") to a consortium of companies affiliated with China Three Gorges Corporation, comprised of Hubei Energy Group Co., Ltd., Ace Investment Fund LP II LP, and CNIC Corporation Limited.

Odebrecht, founded in 1944 and headquartered in Brazil, is a conglomerate with businesses in engineering, construction, industry, infrastructure and energy spanning 25 countries. Chaglla is Peru's third largest hydroelectric power plant, with generating capacity comprising approximately 10% of the country’s total installed hydro capacity and approximately 4% of the total energy produced in the country. Chaglla was also the first power plant in Peru to comply with the Hydropower Sustainability Assessment Protocol.

The White & Case team that advised on the transaction was led by partner Oliver Brahmst and included associates Adam Cieply and Adam Plotkin.

White & Case previously represented Odebrecht in the development of Chaglla. One of the most active and experienced law firms for energy M&A transactions, White & Case was ranked Band 1 for Global-wide Projects & Energy by Chambers Global in 2017, and was also ranked the #1 Legal Advisor for Energy & Power M&A in the US by deal value by the Thomson Reuters Corporation and the #1 Legal Advisor for Global Energy M&A Transactions by deal value by Mergermarket in 2016.

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