Musat & Asociatii has been selected, as part of an international consortium, to assist the Ministry of Economy and the state-owned energy producer Hidroelectrica in the process of selection investors for the Tarnita-Lapustesti pumped-storage hydropower plant. This green field project entails an intended installed capacity of 1,000 MW and an investment in excess of EUR 1.3 billion.
Musat & Asociatii participated in the tender as part of a consortium lead by Deloitte Consultants, including Banca Comerciala Romana, HydroChina ZhongNan, Herbert Smith, Knight Piesold and Tempo Advertising.
The firm has gathered remarkable expertise in Energy field, having advised many leading energy players in undertaking complex projects. Among the firm’s most recent assignments, we mention advising Enel on the development of Unit 3 and 4 of the Cernavoda Nuclear Power Plant, the refurbishment of the 800 MW power plant located in Brăila, as well as on a significant number of acquisitions in the energy sector, including Electrica Muntenia Sud, Electrica Banat, Electrica Dobrogea and several wind projects. The firm has also assisted several major European players focused in renewable energy, such as Martifer, Infusion, Statkraft or Global Wind Energy, just to name a few. Recently, Musat & Asociatii has successfully completed the project whereas Petrofac (assisted by Musat & Asociatii) has taken over the oil drilling operations in the Ticleni area from OMV Petrom. Last, but not least, the firm has assisted Rompetrol Group in the acquisition of the remaining free float of Rompetrol Rafinare, delisting procedures and related disputes, as well as in various energy related matters.
Furthermore, Musat & Asociatii’s energy expertise is regularly praised by the reputed international legal guides, Chambers & Partners and Legal 500, which place the firm at the top of their rankings in Energy & Natural Resources and highly recommend our lawyers as experts on the local market.