Next Generation Partners

Energy and natural resources in Nicaragua

Arias

The experienced energy and natural resources group at Arias remains a market leader, regularly advising major multinationals seeking to develop significant wind, solar and natural gas projects in the country. Headed by Rodrigo Ibarra, a specialist in project finance, the team has a comprehensive practice ranging from high-value bond issuances and facility agreements, permits and authorisations to concession contracts, lease agreements and due diligence. Office managing partner and foreign investment expert Ana Teresa Rizo recently served as lead counsel to US-based New Fortress Energy on the construction of a $700m natural gas plant. Gustavo-Adolfo Vargas provides additional support on the structuring of complex, cross-border M&A in the sector.

Practice head(s):

Rodrigo Ibarra

Key clients

New Fortress Energy

EDECSA

Work highlights

  • Assisted renewable energy company CMI Energia with a bond issuance of $700m in senior secured notes and a $300m loan facility agreement secured by shares.
  • Advised New Fortress Energy on its pre-investment operations and during the construction of a natural gas plant with a capacity of up to 300MW.
  • Assisted New Fortress with due diligence and negotiations related to the purchase of land intended to serve as the location for a $700m natural gas plant.

García & Bodán

The experienced energy and resources team at García & Bodán advises multinational energy and oil companies on the financing and operation of major projects in Nicaragua. The group’s expertise extends to tax planning and M&A relating to energy operations, due diligence and advice to entities involved in the management of renewable investment portfolios. Regional director and firm founding partner Terencio García, a specialist in the co-ordination of transactions related to the offshore exploration of hydrocarbons, leads the team. He is supported by the firm’s regional corporate practice head Federico Gurdián, an expert in the handling of high-value, cross-border transactions in the energy sector.

Practice head(s):

Terencio García

Key clients

Rainforest Alliance

The Nature Conservancy

Cairn Energy

Work highlights

  • Advised Cairn Energy on the process for formal registration and qualification though a local subsidiary as a non-operator contractor for oil and gas operations in Nicaragua.

Alvarado y Asociados

The energy and natural resources group at Alvarado y Asociados has extensive experience of advising national and multinational companies over the life cycle of their forestry, energy and mining operations. Gloria Maria Alvarado (a 30-year veteran of the practice area) and Luz Marina Espinoza lead the team, specialising jointly in complex project finance, due diligence, environmental administrative procedures and regulatory compliance matters. Key support is provided by senior associate Yuri Cerrato.

Key clients

Cemex

The Electrum Group

Cotton Gin International/Hydrologica

Consortium Legal

The energy team at Consortium Legal works alongside the firm's corporate and finance departments to assist regional petrol companies and multinational renewable energy producers (such as Suzlon) on day-to-day operations, including contractual negotiations, and complex, cross-border financings involving overseas development banks. Led by senior associate Silvio Argüello, a specialist in the regulated sectors, the group offers a full service which extends to obtaining concessions, licences, permits and authorisations for the distribution and generation of electricity, mineral and hydrocarbon exploration and exploitation, and fishing, forestry, aquaculture and water improvement.

Practice head(s):

Silvio Argüello

Key clients

Uno

Suzlon

German Investment Corporation (DEG)

FMO

Work highlights

  • Providing continued legal assistance to Honduran oil company Uno.