Andrew has been providing advice on energy and infrastructure transactions for more than 25 years, and as an independent advisor since 2000. He has advised on a transaction volume of more than US$60 billion in project finance-related transactions alone since 1991.
Since founding Verus Partners in 2011, Andrew has continued to provide independent advice on the largest competitive tenders in the GCC power and water markets, most recently in Kuwait, Oman and Saudi Arabia and across a variety of fuel sources from coal through to solar.
Andrew has been involved in more than 25 power and water tenders since 2004 alone, for a total of 38 GW of power and 1150 MIGD of desalination capacity involving all the leading offtakers in the GCC region. Key transactions include the successful bid and subsequent closing of the 2000 MW/160 MIGD Taweelah B IWPP (Abu Dhabi) in 2004/5 that utilised JBIC’s Overseas Investment Loan product for the first time in the GCC IWPP market and the 2000 MW Mesaieed A IPP in Qatar (JBIC’s first loan to Qatar’s power sector) in 2006/7. During the most severe phase of the 2008/9 financial crisis Andrew worked closely with JBIC and the project’s sponsors on the Shuweihat S2 IWPP (Abu Dhabi) to secure the key liquidity that allowed JBIC and banks to offer the only long term financing provided to the GCC IWPP market at that challenging time.
Post-crisis Andrew has lead other key financings, including for the 2000 MW Sur IPP in Oman (JBIC’s first loan to the Omani IPP sector) and the Saudi Aramco Cogen Projects (the first time Japanese sponsors mobilised Islamic financing for an IPP).
Between 2000 and 2004 Andrew advised on a number of UK and European merchant and contracted power transactions (including in relation to their associated fuel supply arrangements).
Prior to establishing his independent advisory practice in 2000, Andrew was a member of Citi’s oil and gas group in London, and then a founding member of Citi’s project finance advisory business, covering transactions in the power, water, LNG and telecom sectors across Europe, the Middle East, Latin America, India and Asia. Important assignments included leading competitive tenders for some of the earliest IPPs in India and Thailand (1991/2), advising the government of Bahrain on its first IWPP (1994/6), QP on their first LNG liquefaction project (1992) and supporting, as lead arranger, JBIC’s first ever OIL on an IPP in Turkey (1994-6).
Verus Partners have exceptional depth of expertise across industry sectors and geographies. We are recognised leaders in our fields.