ContourGlobal Togo, a subsidiary of US group ContourGlobal, has entered into a $146 million loan agreement with the Overseas Private Investment Corporation (Opic) to fund the expansion of a thermal power station in Lomé, Togo.
Construction has already begun on the power station, which will secure the electricity supply in an area that has been seeking new forms of energy in recent years.
ContourGlobal was advised by Gide Loyrette Nouel on the concession agreement and aspects of Togolese law, with Shearman & Sterling advising on US law and the Energy Performance Certificate contract. Allen & Overy acted for Opic.