name

Richard Savage

Counsel
Firm Logo

Hunton Andrews Kurth LLP

Bangkok, Thailand
    Local Time: Saturday 15:13

Practice Expertise

  • Corporate Finance-NEW
  • Energy and Infrastructure
  • Asia Pacific
  • Corporate

Areas of Practice

  • Asia Pacific
  • Corporate
  • Corporate Finance-NEW
  • Energy and Infrastructure
  • Infrastructure
  • View More

Profile

Richard’s practice focuses on energy and infrastructure projects, mergers and acquisitions, joint ventures, and informal dispute resolution.

Richard has been a resident in Thailand since 1996. He represents clients in the development, acquisition, financing and disposition of power, petrochemical, and infrastructure projects; in negotiating and documentation of EPC, offtake and other major project contracts; and in the acquisition of interests in renewable energy projects. He regularly advises energy sector and other clients on a wide variety of corporate, regulatory, contract, employment and other business matters.

Relevant Experience

  • Advised Glow Energy pcl in negotiating its EPC and LTSA arrangements for two SPP replacement projects in the Map Ta Phut industrial estate
  • Advised Glow Energy pcl in its spin off sale of its Glow SPP1 subsidiary to B Grimm and ancillary contractual arrangements
  • Advised Marubeni on the development of its 3-year Japanese government funded project with EGAT to demonstrate the use of IOT technologies and data processing to develop recommendations for improving the energy efficiency and output of power plants
  • Advising Chubu Electric on its acquisition of an equity stake in project company developing 6 solar power projects under Thailand's VSPP Program
  • Advising Chubu Electric Power Company on its acquisition of an equity stake in two 90MW greenfield wind farm projects under Thailand's SPP Program
  • Acting as international counsel to SUEZ Energy International and Mitsui & Co., Ltd. for the financing of the Nghi Son 2 - 2 x 600MW coal-fired thermal power plant in Vietnam by the Government of the Socialist Republic of Vietnam through its Ministry of Industry and Trade, including potential financing to be provided by JBIC and ADB
  • Advising Chubu Electric in respect of its role as O&M contractor for the Ratchaburi Power Company's IPP
  • Advising Glow Energy pcl, a subsidiary of GDF Suez, on responding to claims by its customers and their insurance companies arising out of interruptions in the supply of power and steam supply
  • Advising Petronas on the restructuring and partial disposition of its lubricants, aircraft fuel, and service station business in Thailand
  • Representing an international trade organization in relation to its investigation of the fraudulent diversion and theft of funds in the airline industry
  • Advising APICO LLC and its affiliates on corporate matters and on contracting relating to their gas production and exploration activities under Thailand petroleum concession interests
  • Advising Dana Corporation on corporate and other matters concerning its operations in Thailand (including its the sale of Parish Structural Products (Thailand) Limited to AAPICO Hitech Public Company Limited)
  • Advising Coltec, a division of EnPro Industries, on its acquisition of Compressor Sales & Service Co., Ltd. in Thailand
  • Advising International Finance Corporation on its acquisition of equity interests in several solar power projects in Thailand sponsored by Solar Power Company Limited
  • Advising Marubeni Corporation on its consortium arrangements and contracting for EPC Contracts with EGAT for major power plant developments
  • Representing an international coin blank manufacturer in an arbitration of a dispute with a government purchaser
  • Advised GHECO-One, the developer of a 660 MW Independent Power Project in Thailand, on its EPC Contract, Coal Supply and Transportation Agreements, Power Purchase Agreement, and US$750 M project financing
  • Advised Thai National Power (a subsidiary of International Power) on the EPC arrangements, other project agreements, and project group re-financing for a second 110 MW SPP plant (TNP2)
  • Advised Temasek on the US$2 billion acquisition, through its Thai affiliates, of 49.6% shares of Shin Corporation from the Shinawatra and Damapong families, and on resulting mandatory tender offers
  • Advised Glow Energy pcl on the negotiation and development of its power and steam offtake agreements with Dow Chemical for a petrochemical industry complex in Thailand
  • Advised Glow Energy pcl on its EPC arrangements forits 115 MW CFB3 power plant
  • Advised Global Beauty on its acquisition of the Svenson and Crown hair care companies and trademark rights
  • Advised Petronas on its venture with PTT to develop a pipeline from the Gulf of Thailand to Thailand and overland to northern Malaysia, together with a gas separation plant in Thailand, and on commercial arrangements relating to the long-term use of such facilities.
  • Advising Samsonite on its joint venture with Central Marketing Group in Thailand for the distribution and sale of luggage products.
  • Advised China Light & Power on the due diligence and subsequent acquisition of a 15% stake in Electricity Generating Public Company Limited.
  • Advised Thai National Power on its industrial offtake agreements for power and chilled water generated by its 110 MW SPP plant
  • Advised Thai National Power on the EPC arrangements, other project agreements, and project financing for its 110 MW SPP plant, and subsequently on EPC arrangements for a plant expansion and refinancing
  • Advised Tractebel SA on the US$500 million acquisition from Sithe of Samutprakarn Cogeneration Company Limited, Nong Khae Cogeneration Company Limited and a 62% shareholding in the Cogeneration Public Company Limited (now Glow Energy pcl)
  • Advised Electricity Generating Authority of Thailand (EGAT) on Stage I and II of its Independent Power Producer (IPP)Program, from a review of the initial RFP through the selection process and negotiation of power purchase agreements with seven consortia for a total of 5800 MW

Bar Admissions

  • New York

Education
BA, Princeton University, 1981

Areas of Practice

  • Asia Pacific
  • Corporate
  • Corporate Finance-NEW
  • Energy and Infrastructure
  • Infrastructure

Professional Career

Significant Accomplishments
  • Advising Glow Energy pcl, a subsidiary of GDF Suez, in its greenfield development of a 54MW wind farm project in Thailand
  • Advising Chubu Electric on its acquisition of an equity stake in project company developing 6 solar power projects under Thailand's VSPP Program
  • Advising Chubu Electric Power Company on its acquisition of an equity stake in two 90MW greenfield wind farm projects under Thailand's SPP Program
  • Acting as international counsel to SUEZ Energy International and Mitsui & Co., Ltd. for the financing of the Nghi Son 2 - 2 x 600MW coal-fired thermal power plant in Vietnam by the Government of the Socialist Republic of Vietnam through its Ministry of Industry and Trade, including potential financing to be provided by JBIC and ADB
  • Advising Chubu Electric in respect of its role as O&M contractor for the Ratchaburi Power Company's IPP
  • Advising Glow Energy pcl, a subsidiary of GDF Suez, on responding to claims by its customers and their insurance companies arising out of interruptions in the supply of power and steam supply
  • Advising Petronas on the restructuring and partial disposition of its lubricants, aircraft fuel, and service station business in Thailand
  • Representing an international trade organization in relation to its investigation of the fraudulent diversion and theft of funds in the airline industry
  • Advising APICO LLC and its affiliates on corporate matters and on contracting relating to their gas production and exploration activities under Thailand petroleum concession interests
  • Advising Dana Corporation on corporate and other matters concerning its operations in Thailand (including its the sale of Parish Structural Products (Thailand) Limited to AAPICO Hitech Public Company Limited)
  • Advising Coltec, a division of EnPro Industries, on its acquisition of Compressor Sales & Service Co., Ltd. in Thailand
  • Advising International Finance Corporation on its acquisition of equity interests in several solar power projects in Thailand sponsored by Solar Power Company Limited
  • Advising Marubeni Corporation on its consortium arrangements and contracting for EPC Contracts with EGAT for major power plant developments
  • Representing an international coin blank manufacturer in an arbitration of a dispute with a government purchaser
  • Advised GHECO-One, the developer of a 660 MW Independent Power Project in Thailand, on its EPC Contract, Coal Supply and Transportation Agreements, Power Purchase Agreement, and US$750 M project financing
  • Advised Thai National Power (a subsidiary of International Power) on the EPC arrangements, other project agreements, and project group re-financing for a second 110 MW SPP plant (TNP2)
  • Advised Temasek on the US$2 billion acquisition, through its Thai affiliates, of 49.6% shares of Shin Corporation from the Shinawatra and Damapong families, and on resulting mandatory tender offers
  • Advised Glow Energy pcl on the negotiation and development of its power and steam offtake agreements with Dow Chemical for a petrochemical industry complex in Thailand
  • Advised Glow Energy pcl on its EPC arrangements forits 115 MW CFB3 power plant
  • Advised Global Beauty on its acquisition of the Svenson and Crown hair care companies and trademark rights
  • Advised Petronas on its venture with PTT to develop a pipeline from the Gulf of Thailand to Thailand and overland to northern Malaysia, together with a gas separation plant in Thailand, and on commercial arrangements relating to the long-term use of such facilities.
  • Advising Samsonite on its joint venture with Central Marketing Group in Thailand for the distribution and sale of luggage products.
  • Advised China Light & Power on the due diligence and subsequent acquisition of a 15% stake in Electricity Generating Public Company Limited.
  • Advised Thai National Power on its industrial offtake agreements for power and chilled water generated by its 110 MW SPP plant
  • Advised Thai National Power on the EPC arrangements, other project agreements, and project financing for its 110 MW SPP plant, and subsequently on EPC arrangements for a plant expansion and refinancing
  • Advised Tractebel SA on the US$500 million acquisition from Sithe of Samutprakarn Cogeneration Company Limited, Nong Khae Cogeneration Company Limited and a 62% shareholding in the Cogeneration Public Company Limited (now Glow Energy pcl)
  • Advised Electricity Generating Authority of Thailand (EGAT) on Stage I and II of its Independent Power Producer (IPP)Program, from a review of the initial RFP through the selection process and negotiation of power purchase agreements with seven consortia for a total of 5800 MW

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