K&A assisted Saudi Electricity Company (SEC) on a USD500 million green financing facility signed with Japan Bank for International Cooperation (JBIC). This is the first untied green facility for SEC and it will support renewable interconnection, reliability and energy efficiency projects in transmission and distribution networks. The transaction fits directly in line with SEC’s goals to pursue green financing opportunities, implementing investments with clear environmental and social benefits.
The K&A team was led by Partner Karim Wali and supported by Managing Partner Zeyad Khoshaim and Senior Associate Naryman Alkassimi and Associate Saud Alqahtani.
This transaction solidifies K&A’s tier one finance practice, and comes on the back of K&A winning Thomson Reuters’s Saudi Arabian Law Firm of the Year, and IFLR’s National Law Firm of the Year.