Weerawong C&P represented Toyo-Thai Corporation PCL (TTCL) in obtaining project financing of USD100 million from EXIM Bank for the development of a 120MW combined-cycle gas-turbine power plant project in Yangon. The transaction is the first of its kind in Thailand and Myanmar.

This is also the first private sector project financing in Myanmar for the Export-Import Bank of Thailand. Toyo-Thai is an integrated engineering procurement and construction business listed in Thailand - the Myanmar unit will receive the loan directly from EXIM Bank. Toyo-Thai (Singapore) has guaranteed the loan and provided a share pledge to secure the repayment.

This project paves the way for other Thai companies for the development of the plant in Myanmar.  The signing ceremony was on May 28, 2014 in Bangkok.

Partner Kudun Sukhumananda led the team, including senior associate Nattaporn Pengkul.