Covington Receives Five 'MENA Deal of the Year' Awards from IJ Global

DUBAI—Five Covington transactions have been recognized by the IJ Global Awards MENA 2024. The firm had also been shortlisted in the Legal Adviser of the Year MENA category.

The annual IJ Global Awards “celebrate the success of the best-in-class transactions and organisations across the globe.” Winners are selected through a transparent peer-review process by leading industry experts.

Covington’s 2024 IJ Global Awards highlights include:

Energy Transition Deal of the Year – Solar – PIF4 Solar PV Projects, Saudi Arabia

Covington advised ACWA Power on the funding for the development and operation of the Haden, Muwayh and Al Khushaybi solar photovoltaic (PV) projects. The projects have a total investment value of $3.2 billion and aim to generate a combined capacity of 5.5 GW of solar energy for Saudi Arabia. The Covington team was led by Agnieszka Klich and included Shalom Mwale.

Power & Transmission Deal of the Year – TAIBA-1 and QASSIM-1 IPPs, Saudi Arabia

Covington advised a sponsor consortium led by Aljomaih Energy & Water Company (JENWA) on the development and financing of 2 combined cycle gas turbine (CCGT) plants in Saudi Arabia –Taiba-2 and Qassim-2, developed by Saudi Power Procurement Company (SPPC), Saudi Arabia. The Covington team was led by Agnieszka Klich and included Richard Oliver and Karolina Reiter with support from Georgia Ling.

Renewable Deal of the Year – Solar – PIF4 Solar PV Projects, Saudi Arabia

Covington advised ACWA Power on the funding for the development and operation of the Haden, Muwayh and Al Khushaybi solar photovoltaic (PV) projects. The projects have a total investment value of $3.2 billion and aim to generate a combined capacity of 5.5 GW of solar energy for Saudi Arabia. The Covington team was led by Agnieszka Klich and included Shalom Mwale.

Utilities Deal of the Year – Water Treatment – Al Haer ISTP, Saudi Arabia

Advised the consortium of Miahona, Marafiq and Besix in connection with the development and financing of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, Saudi Arabia. The Covington team was led by Agnieszka Klich and included Karolina Reiter, Laure Berthelot, Alessando Angelico, and Azumah Cofie.

Water Deal of the Year, Desalination – Hassyan Independent Water Project, Saudi Arabia

Covington advised Saudi Arabia’s ACWA Power in connection with the financing of the Hassyan independent water project (IWP), the world’s largest renewable energy-powered reverse osmosis seawater desalination plant. The Covington team was led by Agnieszka Klich and included Rhulani Nkomo, Jecolia Horn, Samya Idi, Azumah Cofie, Nitin Banerjee and Georgia Ling.