J. Henry Schroder Wagg & Co. Limited
Labuan Water Supply (1987-89)
Schroders advised Labuan Water Supply Sdn Bhd and a joint venture between Ipco Constructors Sdn Bhd and Percon on the privatisation of a scheme to abstract water from Sungei Padas in Sabah, treat it and pipe it undersea to the island off Labuan. This M$118 million private project financing was completed in December 1987. As far as we are aware, this was the first concession related project financing in South East Asia.
Labuan to Beaufort Interconnection, Malaysia (1986-8)
Between 1986 and 1988, Schroders arranged the M$98 million privatised project financing of Labuan-Beaufort Interconnection Sdn Bhd for the construction of an undersea electricity supply cable linking the island of Labuan to mainland Sabah.
THAILAND
The Aromatics (Thailand) Company (1990 to date)
Schroders is advising a company formed by PTT, Thai Oil, and Exxon on non-recourse financing for the aromatics plant which forms part of the NPC II complex. The scope of work includes detailed structuring of the non-recourse finance, preparation of an Information Memorandum, and arrangement of finance through establishing a competition between the major international and Thai project financing banks.
EGAT - Private Sector Power Generation (1990)
Schroders was appointed following a competitive bid against major British-based and Hong Kong-based banks, to advise the Ministry of Finance and EGAT on a framework for establishing joint public/private power companies to build, own and operate power plants in Thailand. The work covered the conditions necessary to raise finance for greenfield power projects in Thailand, including recommendations on tariff structure, risk allocation between the public and private sector, appropriate debt and equity instruments for Thai and international capital market participation, and policy issues related to regulation of the private sector infrastructure companies. An implementation plan is expected in 1991.
Second Expressway (1990)
Schroders assisted an international development institution and structuring of a loan and equity package for the financing of the Bangkok Second Expressway project.