Steag Transaction

January 11, 2011

PJSLAW assisted Steag State Power Inc. (SSPI).

SSPI is a joint venture company of Evonik Steag GmbH, Aboitiz Power Corporation and La Filipina UyGonco Corporation in the negotiation and financial close of its US$80 Million refinancing for its 232MW coal fired power plant located in the island of Mindanao, Philippines. With the successful refinancing of the project, SSPI will have the financial capability to consider expanding its operation to address the current power crisis in Mindanao

The PJSLAW contingent, headed by its three partner team, Ramil E. Bugayong, Maria Raquel S. Chavez and Monalisa C. Dimalanta, included Miguel A. Robillo, Marigel M. Baniqued and Carlos Dante U. Gargarita.