Kamran Ahmad

Partner, London



Kamran is a partner in the Energy, Infrastructure and Project Finance Group in London.

Kamran has extensive experience acting for the full spectrum of market participants, including banks, multi-laterals, investors, sponsors and project companies, on greenfield and brownfield transactions covering a wide range of infrastructure sectors and financing techniques including bank debt, project bonds and multi-source financings. Kamran also regularly advises on the development and financing of projects in the energy sector including conventional and renewable power, as well as, commodities based financings (including reserve based lending).

Bars and Courts
England and Wales
BPP Law School, London
London School of Economics


Nevada Copper
Advising a working capital facility provider in connection with an innovative and award winning project finance structure for Nevada Copper Corp. The capital structure contemplated a KfW direct lending facility, a stream financing, a cost overrun facility and a working capital facility.

Brebemi Toll Road Bank / Bond Refinancing
Representation of Brebemi, project company of the Italian toll road which runs from Brescia to Milan, on its €2 billion combined bank and bond refinancing arranged by JP Morgan, Banca IMI and others. The refinancing consisted of four series of senior project bonds, a junior bond issuance and approximately €307 million in senior credit facilities.

Pedemontana Project Bond
Representation of J.P. Morgan as Global Co-ordinator, and the arrangers in connection with the landmark greenfield Pedemontana road project bond. The transaction comprised the issuance of €1.221 billion variable rate senior secured amortizing notes and €350 million step-up subordinated secured notes.

Alpha Trains Multi-Debt Platform
Advised Alpha Trains on an investment grade €1.125 billion common terms multi-debt financing platform, comprising the issuance of €350 million bonds listed on the Luxembourg Stock Exchange (the first investment grade continental European rolling stock bond issue), the raising of €525 million secured bank financing and a €250 million senior private placement offering as well as a €125 million junior private placement offering.

A7 Project Bond
Advised the joint lead arrangers, lenders and institutional investors on the financing of the extension and operation of the A7 federal highway between Hamburg and Bordesholm. The largest PPP project ever launched in Germany, with construction costs of approximately €600 million, it was awarded by the federal state to the consortium of Hochtief, institutional investor Dutch Infrastructure Fund and Kemna. This was the first PPP project in the German market to be financed by project bonds with EIB project bond credit enhancement and a bank facility. It was also the first bank–bond financing using EIB's project bond credit enhancement.

Solör Bioenergi senior and holdco refinancing
Advising Solör Bioenergi Holding AB, a Swedish biomass generation and heat distribution business in relation to a senior secured bank financing with a bank syndicate comprising European and Nordic banks as well as an agreement for a structurally subordinated holdco financing provided by an Australian infrastructure fund.

Gebze CCGT Power Project
Advising the senior lenders in connection with the financing and subsequent refinancing (including a holdco loan) to the Gezbe CCGT power project in Türkiye.

Bizkaia Energia
Representation of Edmond de Rothschild (UK) Limited and Sequoia Investment Management as lenders on an innovative holdco financing for Bizkaia Energia’s project financed 800MW Independent Power Plant located in Northern Spain.

Eleclink Interconnector Project
Advising Eleclink, the project company in connection with the proposed 1000 MW DC power interconnector between the UK and France, which will run through the Channel Tunnel.

Nacala Project
The Nacala project includes the construction of a new 201 km long rail line to connect Moatize mine in Tete to the existing railway line in Malawi at Nkaya Junction, the rehabilitation of the existing line in the Malawi rail network and in Mozambique between Nkaya and Monapo, for an approximate length of 682 km, the construction of a new 29 km branch line, which will connect the existing railway line and the port and the construction of a new coal port terminal in Nacala-à-Velha.

Reserve Based Lending
Advised lenders and borrowers in connection with reserve based financing transactions (including restructurings of the same) in a number of emerging market jurisdictions including Egypt, Nigeria and Pakistan.