Clifford Chance

Clifford Chance advises China-ASEAN Investment Cooperation Fund on investment in Thai power company

Hong Kong, Bangkok, Singapore: Leading international law firm Clifford Chance has advised China-ASEAN Investment Cooperation Fund (CAF) on its equity investment in National Power Supply Public Company Limited, a Thai company which is primarily engaged in the business electricity generation in Thailand through adopting alternative fuels such as biomass from agricultural waste, bark and black liquor.

"We were delighted to assist CAF on this deal and showcase our expertise in the region as we advised on Singapore, Thai and Hong Kong law aspects," said Hong Kong partner Neeraj Budhwani who led on the transaction. "This is CAF's second investment into Thailand and highlights its commitment to sustainable development in the country and in South East Asia."

Neeraj was supported by senior associate Raymond Ng.

Partner Andrew Matthews led the team in Bangkok and was supported by counsel Angela Nobthai and Keerati Kanjanawenich; senior associates Sahachai Wibuloutai and Natchapon Padungkittimal; and associates Vipavee Kaosala and Sirimas Rianrungrueng.

Partner Melissa Ng led in Singapore and was supported by Danielle Wu.

CAF, a private equity fund sponsored by the China Export-Import Bank together with other top Chinese as well as international institutional investors, targets investment opportunities in the infrastructure, energy and natural resources sectors in order to facilitate sustainable economic growth in the ASEAN region. It currently has investments in the countries of Cambodia, Laos, Malaysia, Myanmar, Philippines, Singapore and Thailand.