Thursday, December 29, 2016

Indonesia, Philippines: Global Law Firm Helped Winning Bid for Chevron's Geothermal Assets

Clifford Chance LLP advises on acquisition of Chevron's geothermal assets in South East Asia (News Release)

Leading international law firm Clifford Chance has advised a consortium comprising Star Energy Group Holdings Pte. Ltd., Star Energy Geothermal Pte. Ltd., AC Energy Holdings, Inc. (a subsidiary of Ayala Corporation) and Electricity Generating Public Company on the entry into binding agreements to acquire global energy provider Chevron's geothermal operations in Indonesia and the Philippines.

The assets in both countries include geothermal fields with a combined capacity to generate more than 1,100 MW of electricity and steam.

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