For almost three decades, Gibson, Dunn & Crutcher has maintained a leading Project Finance Practice Group in the United States and worldwide. Including approximately 30 attorneys across the major offices of the Firm, the Practice Group is comprised of professionals with extensive and varied experience in the commercial, financial and political issues that are inherent in project finance transactions. Experience of the Practice Group crosses all major infrastructure and industrial applications in more than 60 countries worldwide.

Clients of the Practice Group include major commercial and investment banks, institutional lenders, U.S. and overseas sponsors and developers, and international development agencies, in a range of projects including:

• Power Projects: Power generation projects located in the U.S., the E.U. and emerging markets, involving coal, gas and oil-fired generation, as well as geothermal, hydroelectric, biomass, and other renewable-resource technologies. Power project experience includes stand-alone power generation projects as well as integrated facilities with secondary applications (including co-generation). Partners in the Practice Group have acted as lead counsel on more than 120 power generation transactions, involving capital of more than $35 Billion, including greenfield development and financing, privatization, disaggregation, acquisition and restructuring transactions. The Practice Group also has experience in the privatization, acquisition and development of associated transmission facilities.
• Telecommunications, Media and Data: Complementing the firm's Emerging Technologies Practice Group, the Project Finance Practice Group maintains an active role in projects involving all manner of telecommunications, media and data. Relevant experience (in the U.S., the E.U. and the emerging markets) includes the acquisition, development, privatization and financing of new and existing telecommunications networks (including all manner of wireless technology) as well as the acquisition, development and financing of media, ISP and related data services companies.
• Energy/Natural Resources: The Practice Group's experience in natural resource transactions includes mineral extraction (including coal, natural gas, timber, alumina, and precious metals), pipelines, and secondary processing (including paper-processing and petrochemical manufacturing plants).
• Other Infrastructure: The Practice Group's experience includes the full spectrum of other infrastructure applications of the project finance/privatization model, including water and waste-water projects, toll roads, airports, stadiums, tourism, and other public use facilities.
• Industrial Applications: The project finance model has been successfully applied by the Practice Group to the development and financing of a wide array of industrial applications, including food processing companies, pharmaceuticals, nuclear fuel plant simulators, and chemicals plants, among others.
• Related Energy Industry Practice: Because of the extensive experience of the Practice Group in energy matters, the practice group also regularly represents lenders and major industry participants in financings, acquisitions, restructurings and other corporate matters involving the electric power industry, and in the development and implementation of structured limited-recourse and leasing products for that industry.

Many of our transactions involve the investment of long-term capital across borders and in emerging economies. Such investments, whether in the form of debt or equity, call upon the experience of the practice group in multiple jurisdictions and the skills of the Practice Group in the tools and techniques of political risk mitigation techniques and products. Members of the Practice Group have extensive experience with the various public and private sources of political risk mitigation products, including experience with (and in some cases on behalf of) such institutions as:

• Multilateral Agencies, such as the European Investment Bank, the World Bank, International Finance Corporation (IFC), Inter-American Development Bank, Andean Development Corporation (CAF), Commonwealth Development Corporation and Asian Development Bank; and
• National Development and Export Credit Entities, such as the U.S. Export-Import Bank, Japan Bank for International Corporation (formerly JExim), Hermès, Overseas Private Investment Corporation, Export Development Corporation of Canada, COFACE, KfW, Deutsche Investitions - und Entwicklungsgesellschaft, CESDE and FOCOEX.

The Project Finance Practice Group is an integrated part of the Firm's Global Finance Practice Group, representing leading domestic and foreign financial institutions and issuers in domestic and cross-border lending transactions, securitizations, commercial paper and capital markets placements, taxable and tax-exempt debt issuances and equity and debt offerings. In addition, the Practice Group works closely with the Latin American Practice Group, based in New York, which maintains an active corporate practice involving financing, project financing, mergers and acquisitions and investments throughout Latin America and Mexico.

Project and other leveraged financings often require collaborative efforts on the part of Gibson, Dunn & Crutcher attorneys and the internal legal departments of the clients and sponsors, as well as counsel to the financing entities and other national or multilateral agencies. Furthermore, the legal, financial and regulatory requirements of the projects regularly involve the efforts of attorneys with expertise in many disciplines, including specialists in project finance and capital markets, environmental law, tax, real estate, land use and natural resources, throughout the different offices of the firm.