The First Bank Consortium Meeting on S.ALAM Project Was Held in Beijing
On March 14th 2016, Mr. Zhang Hongsong, representing SS Power I Ltd. and SS Power II Ltd, issued the Mandate Letter to lenders, appointing BOC, CEXIM and CCB as Mandate Lead Arranger, ICBC as Co-lead Arranger, CMB and PAB as Arranger. The Bank Consortium was formally incorporated.
On March 15th 2016, the first Bank Consortium Meeting was held in Beijing. Our vice President Mr Li Jie and officials from OBD presented the meeting. Deloitte as sponsors’ financial advisor, Ashurst as lenders’ legal counsel, and Mott MacDonald as lenders’ technical advisor attended the meeting. Financing process, Indicative Term Sheet, SPV structure, important project agreements and lenders’ Due Diligence were fully discussed, laying the foundation for accelerating progress and reaching financial closure on time.