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Fiona Gulliford

Work 020 7997 7058
Trinity International LLP


Fiona Gulliford is a partner in Trinity International LLP and has a wide range of experience in the power and infrastructure sectors in various jurisdictions, including the Middle East, Central Asia and Europe, with a focus on emerging markets, particularly in Sub-Saharan Africa.

Fiona advises both developers and financial institutions including commercial lenders, DFIs and ECAs. In recent years, Fiona’s primary focus has been the provision of advice to developers of energy projects, in particular renewable energy projects in anglophone and francophone Sub-Saharan Africa, nuclear energy in Europe, and provision of general project financing advice to lenders across a range of emerging markets.

Recent transactions include: advising a DFI in relation to assisting a Central Asian Government in launching a bankable renewable energy programme, representing sponsors in relation to a solar project in Malawi, advising Neoen in relation to the first Scaling Solar Project closed in Zambia, advising lenders to a renewable energy project in Burundi, advising a development finance fund in relation to the development arrangements for a solar IPP in Guinea-Conakry, representing sponsors in relation to a port project in Senegal, advising a French energy company in respect of small scale generation projects in South Africa and advising sponsors in respect of an emergency power project in Madagascar.  In addition, recent representation includes acting for sponsors in relation to a number of renewable energy projects in Ghana, and lenders in relation to the financing of off-grid renewable energy projects in East Africa.  Outside of Sub-Saharan Africa, Fiona continues to advise Framatome (formerly Areva N.P) in relation to the Hinkley Point Nuclear Power Project in the UK, working on the construction and installation contracts for the EPR reactors, and the contracts for the supply of nuclear fuel to the plant.

In the past, Fiona has represented the Government of Mauritania in relation to a gas to power project in Mauritania; Sponsors in relation to the first Chinese ECA covered loan into Morocco; DFI lenders in relation to the Aysaport Container Terminal Project in Turkey, the Lebanese Government in relation to an energy works conversion contracts; and lenders (including four export credit agencies) in relation to the financing and construction of the first international power and water project in the Kingdom of Saudi Arabia, the Shuaibah IWPP, together with other internationally financed power and water projects across the GCC - in Bahrain, Abu Dhabi, Fujairah, Shweihat and Oman. Fiona has also worked on a number of petrochemical, oil and gas and mining transactions across the Middle East.


Trinity International LLP, Partner (January 2016 – current)
Gide Loyrette Nouel LLP, Partner (2013 – 2016)
Gide Loyrette Nouel LLP, associate (2010 – 2013)
Milbank Tweed Hadleigh & McCoy LLP, associate (2004-2010)
Allen & Overy LLP, associate (March 2004-December 2004)
CMS Cameron McKenna, trainee (2002 – 2004)


English (mother tongue), French (fluent)


Law Society of England & Wales
Chatham House


Northampton High School for Girls’, University of St Andrews and The College of Law, Guildford, Surrey.  (International Relations and Modern History Degree (MA Joint Honours) (1999), PgDL (2000) and Legal Practice Course (2001))

London: Finance

Emerging markets

Within: Emerging markets

Trinity International LLP 'provides high-quality advice and quick response times'. 'It is among the top firms for work in Africa; it has genuine people with a lot of experience', remarks one client. Another comments that 'the firm is unique - its fee structure enables developers to develop projects in risky jurisdictions and the lawyers bring immense knowledge to the table'. The firm focuses exclusively on corporate and finance transactions in emerging markets, which last year included advising Africa Finance Corporation and other lenders on a $350m peat-fired IPP power plant in Africa, and acting for CDC Group in a $9m facility for Virunga Energy to provide hydro-electric power to homes in Eastern Congo. The firm has a deep bench of 'excellent specialists' including leading light Simon Norris and project finance expert Patrick Leece. For projects in Africa, Paul Biggs is 'certainly at the top of the market' and one client remarks that he is 'exceptionally knowledgeable about the power sector in Africa with a very pragmatic and commercial approach'. Kaushik Ray is 'a financing expert with a real wealth of experience dealing with lenders; his understanding of their needs is invaluable'. Jennifer Gladstone is 'a phenomenal lawyer and great project manager - smart, hardworking, prompt and always willing to go beyond the call of duty'. Project finance specialist Fiona Gulliford has 'good knowledge of EPC contracts and the nuclear field'. Conrad Marais is 'an excellent lawyer - his work ethic is unparalleled and he is a very creative problem solver'.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)

Within: Infrastructure (including PFI and PPP)

According to one client, 'it is very difficult to find another firm with such depth of knowledge when it comes to energy projects and financing in Anglophone Africa' as Trinity International LLP . The boutique offering is spearheaded by Paul Biggs who 'is exceptionally knowledgeable on the African power sector' and recently acted for sovereign fund Ghana Infrastructure Investment Fund in its proposed investment in a new docking facility with the help of client-recommended senior associate Jo Sykes . In other highlights, a team including 'phenomenal lawyer and great project manager' Fiona Gulliford and led by 'financing expert' Kaushik Ray is currently representing the sponsors of the development, construction and operation of a new multi-commodity, deep-sea dry and liquid bulk port in West Africa, and Simon Norris advised a group of lenders on the financing of the acquisition of locomotives for a rail line in sub-Saharan Africa. Other names to note include the 'extremely hardworking' corporate specialist Conrad Marais and Hugh Naylor .

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Power (including electricity and renewables)

Within: Power (including electricity and renewables)

Trinity International LLP specialises in energy transactions in emerging markets under the leadership of Paul Biggs who has substantial experience in the sub-Saharan sector. A team including Biggs, Kaushik Ray and senior associate Jo Sykes - among others - recently acted for the project company of the Amandi IPP in Ghana, and Simon Norris acted as lead counsel to the project company with regards to the development and financing of the Azura gas-to-power IPP in Nigeria. On the solar front, Fiona Gulliford teamed up with counsel Luke Muchamore and others to oversee the development and financing of the Bangweulu project in Zambia, and Jennifer Gladstone and Conrad Marais assisted the project company of the Corbetti geothermal project in Ethiopia with all issues arising from the development of the project since its inception.

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