News

Trinity advises lenders on 80MW peat-fired power plant in Rwanda January 31, 2017 Trinity has advised a group of senior, and under a separate instruction mezzanine, lenders in relation to the US$350 million financing of an 80 megawatt (MW) peat to power project in Rwanda.  The power plant, once built, will significantly increase Rwanda’s on-grid electricity. The group of lenders includes Africa Finance Corporation (AFC), which arranged senior debt of US$225 million and Finnfund, the Finnish development agency, who arranged the mezzanine debt tranche. Other lenders include the Eastern and Southern African Trade and Development Bank (PTA Bank), the African Export-Import Bank (Afreximbank), the Development Bank of Rwanda (BRD) and the Export-Import Bank of India. The sponsors, advised by Clifford Chance LLP, are Hakan Mining and Electricity Generation Company Limited, a Turkish power generation company, and Quantum Power Limited (QP), an international investment fund. The project utilises Rwanda’s significant peat reserves and will alleviate the need for Rwanda to rely on expensive fuel imports in the future.  Whilst Rwanda is one of Africa’s fastest-growing economies, three-quarters of its population remains off-grid.  The construction of the project aims to increase that significantly in a bid to boost economic growth yet further. The Trinity team was led by Simon Norris and Barry Burland with assistance from Andrew Gray and Tamila ...

Trinity helps get Rwanda online via innovative PPP April 28, 2014 The Rwandan Government, through the Rwanda Development Board, and Ngali Holdings Ltd has entered into a public-private partnership concession agreement to implement the e-Gov Services Platform (‘RwandaOnline’). Trinity acted as ...

Trinity write Africa chapter for international guide to wind projects February 12, 2014 Simon Norris, Kaushik Ray and Ana-Katarina Hajduka have co-authored the Africa chapter of the Globe Law and Business publication: “Wind: Projects and Transactions”, which has just been published. The guide ...

Amine Bennis joins Trinity January 15, 2014 Trinity is pleased to welcome Amine Bennis to the team as an associate. Amine has a broad range of experience in the power, renewables, mining, rail and roads sectors. Amine is ...

Focus – November 2013 November 28, 2013 Introduction Welcome to the November 2013 edition of Focus. We’re having a busy year-end at Trinity and have plenty of news, analysis and information to share with you. We welcome Gail Wong to ...

Trinity closes US$60m financial institutions loan to fund long term investment in African infrastructure. September 5, 2013 Trinity advised the German development finance institution DEG and the Dutch development finance institution FMO in relation to a US$60m loan to the Africa Finance Corporation (AFC). Andrew Alli, President ...

Jennifer Gladstone joins Trinity February 8, 2013 Trinity is pleased to welcome Jennifer Gladstone to the team. Jennifer trained and qualified as a solicitor at Linklaters LLP, and was a Managing Associate in its Energy and Infrastructure ...

Trinity makes up Kaushik Ray to partnership January 8, 2013 Trinity International LLP is pleased to announce the appointment of senior associate Kaushik Ray to partner, as of 1st January 2013. Kaushik joined the firm in 2009, having trained and ...

Trinity advises UK government on £98m renewable energy programme December 7, 2012 The UK government has committed £98 million for renewable energy in Africa, as part of a package to help developing countries tackle climate change.  Trinity advised the UK government, alongside ...

UN Economic Commission for Africa – renewables study November 12, 2012 Trinity was appointed by the United Nations Economic Commission for Africa to deliver a report on ‘Building Public-Private Partnerships to scale up resources for Climate-Friendly Investment in Africa’. The report ...