Global Reach
What sets Firefly Energy apart from other firms, is that our
team has a vast amount of knowledge and experience when it comes to solving one-off complex business issues in the power and infrastructure industry freeing management to focus on the core business activities.
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Firefly is comprised of former executives, lawyers, engineers and consultants which gives our group a tactical advantage over other, as our team members have covered most corners of the electric generation industry, and the world. But more importantly, our multi-discipline group is at the fore front of managing complex situations to mitigate risk, efficiently resolve issues, and maximize project value.
10+ Countries Worldwide
United States
China
Panama
Mexico
Thailand
Philippines
Indonesia
Ghana
Pakistan
Poland
Restructuring Asset Management
Power Generation Power Plant - power purchase agreement for wood chip power plant expired. Plant modified for merchant energy market and to qualify for green emission credits in United States.
Power Generation Power Plant - power purchase agreement for power plant expired. New power purchase agreement signed and monetized by bank debt on refinancing the group of existing power plants in United States.
Power Generation Power Plant Acquisition from Bankruptcy - formed group and intervened in bankruptcy and pursued stalking horse bidder role in United States
Design Build Constuction Electric Transmission Company - operated company to complete project backlog on cash basis while group of creditor banks demanded past due payments. Bank group loans restructured and company sold to management in Southeast Asia.
Engineering Consulting and Design Company - self-funded on cash basis regional growth and expansion of service offerings in Southeast Asia. Company sold to United States company.
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Power Generation Development Project - government mandated change of fuel type made project not economically viable. Winding-up and dissolve project company in Philippines.
Power Generation Development Project - discovery of natural gas as low cost clean fuel terminated the country desire for an LNG import terminal and power power plant. Wind-up and dissolve project company in Thailand.
Ownership and Management Transition
Management Buyout of Electric Power and Infrastructure Development Platforms:
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Philippine Independent Power Producer participating in 400 MW of generation projects. Management acquired.
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Southeast Asia Independent Power Producer participating in 720 MW of generation projects. Management acquired.
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China and North Asia Independent Power Producer participating in 12,000 MW of operating and in construction process. Management led buyout did not close; third party investor acquired.
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Southeast Asia Design Build Electric Transmission Construction Company. Management acquired.
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Asset Divestment Process Management
Operating Power Plant Ownership Sales that Closed:
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220 MW gas-fired refinery cogeneration power plant in United States.
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15 MW solar concentrator farm in United States.
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15 MW run-of-river hydro plant in United States.
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12,000 MW China and North Asia Independent Power Producer.
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590 MW and 220 MW coal-fired power plants in Poland.
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20 MW and 40 MW wood-fired biomass power plants in Italy.
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Operating Power Plant Ownership Sales where Owner Ultimately Elected to Retain the Asset:
220 MW residual oil-fired cogeneration power plant in United States.
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420 MW hydro pump storage facility in United States.
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15 MW Biomass power plant in United States.
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Contract Dispute Resolution and Claim Management
Loan Default - design build construction company in payment default on several corporate debt and working capital facilities. Lender group formed and repayment plan accepted outside of a formal bankruptcy process in Southeast Asia.
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Loan Default - power plant possibly in loan default for failing to timely submit to then lending agent credit facility required financial information requiring prepayment of the entire balance of the loan. New loan compliance procedures implemented by power plant and default, if any, waived by the lending group in Tunisa.
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Poor Construction Workmanship Claims - settled prior to formal arbitration proceeding for electric transmission substations by design build contractor agreeing to remediate defects and to perform new project work at a discounted price in Sri Lanka.
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Negligent Engineering Design Claim - settled for cash payment prior to going to insurance carrier and formal arbitration process for cooling water reservoir dam failure during construction process in Thailand
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