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Crystal represents export credit agencies, lenders, multilateral development agencies, project sponsors and other project participants on a wide range of cross-border project financings, and joint venture and acquisition transactions. She has particular experience of projects in the power, petrochemical and mining sectors.
Crystal has led, or been a major adviser, on many groundbreaking project developments and project financings. These include advising:
• a syndicate including Chinese policy and commercial banks and Pakistani local banks as the lenders on the Hubo power plant project, the first IPP in Pakistan that is majority-owned by a Chinese state-owned enterprise
• a syndicate including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Silk Road Fund and Standard Chartered Bank on the US$2.5bn financing of a clean coal-fired power plant in Hassyan, Dubai, UAE
• IFC in its equity investment in a Cayman holding company owned by China Three Gorges Corporation, which in turn owns, constructs, develops, maintains and finances renewable energy projects in Pakistan
• the Government of Mongolia on three of the most important projects in the country, including the Oyu Tolgoi copper-gold mine project
• United Energy on the development and Sinosure-covered financing of a wind power project in Pakistan. This was the first project achieved financial close under the “China-Pakistan Economic Corridor”
• a syndicate of all Chinese banks on the financing of the US$5bn Fujian Refinery and Ethylene Cracker project in China, sponsored by Exxon Mobil, Saudi Aramco and Sinopec