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Ashen Jugoo Johannesburg Attorney

Ashen Jugoo

Partner | Co-Leader, Energy and Climate Fasken
The scale, complexity and risk inherent in infrastructure projects requires innovative approaches to financing and procurement.
Jurisdiction South Africa, 2004
Language(s) English
Office(s) Johannesburg
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Overview

Ashen Jugoo is a leading finance, projects and energy lawyer in South Africa and a partner in the Johannesburg Finance and Projects team. He is the co-leader of Fasken’s Global Energy and Climate Group (GECG). Ashen is named as the “Lawyer of the Year” for Project Finance and Development Practice by Best Lawyers, 2022 edition.

Ashen has extensive experience in project and infrastructure finance, corporate finance and project development and has also advised lenders and sponsors on public-private partnerships. He focuses on projects in the power and energy, mining, transport, telecommunications and information technology areas and advises clients on African, South African and cross-border transactions.

Ashen advises on all aspects of limited recourse financing and corporate finance. He has extensive experience that extends to engineering, procurement and construction and advises on EPC contracts, EPCM agreements, turbine supply contracts, operation and maintenance agreements, technical service agreements, power purchase agreements.

Clients praise Ashen in being “extremely pro-active in that he anticipates and provides solutions in reaction to problems on a transaction for us to consider instead of asking our thoughts on a problem - this is very valuable as most lawyers often want lenders to come up with solutions which they can then advise on”.

Achievements

Client Work

  • Enel Green Power reaches financial close on three wind power projects of a combined capacity of 330MW, [Deal - Lenders], Portfolio project financing for the construction, operation and maintenance of 3 wind farms with a combined capacity of 330MW.
  • Fasken advises Lenders on the financial close of two registered 100 MW energy projects, [Deal - Lenders], Fasken advised the Lenders on the financial close of two registered 100 MW SOLA Group energy projects.
  • CPV 1 Touwsrivier solar plant refinancing, [Deal - Lenders], Fasken advised the Lenders in respect of the refinancing of a Concentrated Solar Power project, the CPV 1 Touwsrivier solar plant which was developed pursuant to the Renewable Energy Independent Power Producers Producer Programme (REIPPPP).
  • Advised on the hedging and equity financing for the largest South African concentrated solar power project, Redstone CSP, [Case - ACWA Power], Fasken South Africa’s Project Finance practice group advised on the hedging as well as the equity financing for the largest South African concentrated solar power project, Redstone CSP.
  • SolaFuture – Advising the Lender on a portfolio financing to fund, initially 7 solar photovoltaic facilities to be undertaken by a special purpose vehicle for The South African Breweries Proprietary Limited., [Deal - SOLA Group]
  • Redstone concentrated solar thermal power plant being developed by ACWA Power, [Deal - ACWA Power]
  • Enel, [Deal - Nedbank Limited, ABSA Bank Limited]
  • Aggeneys - Advising the Lenders in relation to the development, financing, construction, commissioning and operation of a Solar Plant., [Deal - BioTherm Energy Proprietary Limited]
  • Excelsior - Advising the Lenders in relation to the development, financing, construction, commissioning and operation of a Wind Farm., [Deal - BioTherm Energy Proprietary Limited]

Career & Education

Education

  • LLM University of Witwatersrand
  • Certificate, Competition Law University of Witwatersrand
  • LLB University of Natal, Durban, Republic of South Africa

Community involvement

  • Board Member, Artist Proof Studio
  • Commissioner, Small Claims Court

Memberships & Affiliations

  • Member Legal Practice Council of South Africa

Knowledge

Events

News

Publications

Speaking Engagements

  • Pathway for a Just Energy Transition in South Africa, 6/14/2022
  • An Introduction to Project Finance and Bankability, 4/11/2022
  • Commercial Structures and Project Bankability, 5/6/2021
Speaker Pathway for a Just Energy Transition in South Africa RES4Africa Foundation
Speaker An Introduction to Project Finance and Bankability SANEA Energy Finance Programme
Chair Commercial Structures and Project Bankability Energy and Mines Africa Virtual Summit

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