Nikhil Markanday

Partner

Nikhil is a brilliant lawyer. He is excellent at what he does and has great experience working with many international lenders and clients.

— Client - Chambers UK 2024

Emailnikhil.markanday@dlapiper.com

Call+44 20 7153 7233

London

About

Nikhil advises clients on the the project development and financing of energy and infrastructure projects, including power generation (thermal, nuclear and renewables), hydrogen, refinery, LNG,/pipeline, social infrastructure and telecoms projects. He has advised on many "first of a kind" and market-leading projects across EMEA.

Nikhil regularly advises on transactions involving multilaterals, development finance institutions and export credit agencies.

Nikhil is ranked in Chambers & Partners (UK and Global) and Legal 500 UK.

Areas of FocusProjects and Project Finance

Professional QualificationsSolicitor of the Senior Courts of England and Wales

EXPERIENCE

Advised the EDF, Masdar, Suez and EWP consortium on the project financing of a multi-plant integrated utility system including Solar PV, BESS (Battery Energy Storage System), Reverse Osmosis and wastewater treatment plants, ancillary facilities and network systems as a part of the Amaala Giga project in Saudi Arabia.
Advised NEOM on the closing of the USD 8.5bn project financing of the Helios green ammonia export project in Saudi Arabia.
Advised the lenders on the project financing of the GATE LNG regasification terminal in The Netherlands (including both expansion project financings).
Advised KEPCO on the project financing of the Jafurah independent steam power project for Saudi Aramco in Saudi Arabia.
Advising Hidroelectica de Cahora Bassa on its financings from various development finance institutions in respect of its 2085 MW hydro plant in Mozambique.
Advised EWEC on the procurement and financing of the S4 RO IWP at Shuweihat, Abu Dhabi.
Advised China General Nuclear on all aspects of its GBD9bn investment in the GBD24bn Hinkley Point C new build nuclear project in the UK.
Advised Saudi Power Procurement Company on the asset transfer and restructuring of the power and fuel offtake arrangements in Saudi Arabia with respect to Saudi Electric Company’s assets.
Advised European Investment Bank on the project financing of the Trans Adriatic Pipeline project, Italy/Albania/Greece
Advised Mubadala, Total, Oxy and Dolphin Energy on the refinancing of the Dolphin Gas Project, which spans Qatar, UAE and Oman.
Advised KEPCO and EWP on the project financing of a 400 MW IPP in Guam.
Advised the lenders including JBIC, EIB, NEXI and commercial banks on the GBD5.7bn Hitachi/John Laing led Intercity Express Rolling Stock Programme in the UK (Phases 1 and 2).
Advised The lenders on Lockheed Martin's Military Fixed Training Services project, UK.
Advised KEXIM and the commercial lenders on the project financing of the IPP3 project in East Amman, Jordan.
JBIC, K-EXIM and commercial banks on the Shuweihat S3 IPP in Abu Dhabi.
Advised Infrastructure UK (now IPA) in relation to the GBD400m bond financing of the upgrade of INEOS' Grangemouth petrochemical refinery in the UK