Calpine Corporation US$17 Billion sale
Nandan was part of the team advising Calpine Corporation in its US$17 billion sale to a consortium of private equity investors led by Energy Capital Partners.
Refinery and Oil Terminal Investment
Nandan led a team advising EIG Global Energy Partners in the $295 million preferred equity investment in Limetree Bay Ventures, LLC, for the purpose of modernization and expansion of a refinery and an oil storage terminal in St. Croix, U.S. Virgin Islands.
Calpine Steamboat Power Financing
Nandan led a team advising Calpine Corp. in the $488 million refinancing of a portfolio of power projects consisting of a 720 MW project in Alabama and a 241 MW project in Texas.
PJM Power Financings
Nandan is leading teams representing lenders in the financing or refinancing of multiple power projects in the PJM market, including the most recently completed $500 million financing of the New Covert combined cycle gas turbine facility in Michigan.
Nandan represented Morgan Stanley in the US$246 million term loan B financing for Windsor Financing, LLC, an affiliate of Energy Investors Fund, which owns two coal-fired power plants in Virginia and North Carolina.
Los Esteros power project
Nandan led a multi-office team that represented Los Esteros Critical Energy Facility, LLC, a wholly owned subsidiary of Calpine Corporation, in the US$373 million financing for the construction and expansion of a natural gas-fired, combined-cycle power generation facility in San Jose, California.
Russell City power project
Nandan led a team that represented Russell City Energy Company, LLC, a joint venture between Calpine Corporation and an affiliate of GE Energy Financial Services, in the US$845 million construction financing of a natural gas-fired, combined cycle power generation facility in the city of Hayward, CA.
Wind energy farms
Nandan represented a number of banks and underwriters in the financing of a number of wind energy farms, including (i) the 300 MW Stateline wind energy farm in Washington and Oregon and (ii) four groundbreaking Rule 144A bond financings of portfolios of wind farms (16 wind farms with a total capacity exceeding 1,100 MWs) located in 15 different states in the United States.
Solar energy project
Nandan represented arrangers of a US$59 million construction loan and a US$33 million investment tax credit bridge loan for a 30 MW AC/35 MW DC ground-mounted photovoltaic solar power plant in Webberville, Texas.
Geothermal power project
Nandan represented the lenders in a US$33 million limited recourse construction financing of a geothermal power facility in New Mexico.
Calpine Corporation power projects
Nandan represented subsidiaries of Calpine Corporation in (i) the US$498 million limited recourse financing comprising the 241 MW Freeport Energy Center in Texas and the 375 MW Mankato Energy Center in Minnesota, and (ii) the acquisition and refinancing relating to the 870 MW Broad River Generation Facility in South Carolina and the 520 MW South Point Generation Facility in Arizona.
Nandan represented US Ex-Im Bank in the US$1.55 billion financing of Q-Chem II ethylene cracker and petrochemical derivative facilities in Qatar.
California Power Projects
Nandan represented arrangers and underwriters in the limited recourse financing of a number of natural gas-fired power plants in California.
Brazilian Power Project
Nandan represented US Ex-Im Bank in the limited recourse financing of a 470 MW natural gas-fired power project in Brazil.