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INTERNATIONAL DEALS
International legal practice Norton Rose LLP, with Hogan & Hartson and Kelley, Drye and Warren, has acted on the integrated gas extraction and electricity generation facility which will provide 100 MW of natural gas fired electricity to Rwanda and the East African Region. ContourGlobal announced on 2 March 2009 that its subsidiary ContourGlobal Kivuwatt Ltd signed an agreement with the Republic of Rwanda to develop this facility. ContourGlobal's US$325 million Kivuwatt project will be the first large scale facility to extract methane from the depths of Lake Kivu, a deep water lake located on the border of Rwanda and the Democratic Republic of Congo. Lake Kivu possesses a unique source of energy, methane gas held in solution deep within the lake water. This gas can be harvested for power generation. Extracting the gas also greatly mitigates the environmental hazards associated with a natural release of the lake gases and provides an environmentally friendly and sustainable source of power generation. ContourGlobal develops and operates electric and combined heat and power businesses around the world for both governments and multinational companies. ContourGlobal was represented by its General Counsel Vincent Mathis, Norton Rose LLP led by Simon Currie and Laurie Pearson, and in Rwanda by Richard Mugisha. The Republic of Rwanda was represented by James Gede, Marisa McCurdy and Darcy Bisset at Hogan & Hartson and Stephen Stein at Kelley, Drye and Warren. Simon Currie, a partner in the Energy group at Norton Rose LLP, said "This is the sort of deal which gets you racing into work in the morning- it is innovative, sustainable and positively contributes to the development of Rwanda." Joseph Brandt, President and Chief Executive Officer of ContourGlobal, stated, "We are honoured that the Government of Rwanda has chosen to entrust us with the development of this unique resource. Lake Kivu's gas will provide a clean source of power generation for a region suffering from extreme shortages of reliable and affordable electricity. Utilization of the Lake's gas resource will also serve to reduce the risk of an uncontrolled release of the Lake's gas. Our Kivuwatt project will generate low cost electricity for use in Rwanda and the wider region and permit the Government of Rwanda to bring affordable electricity to millions of its citizens."
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