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Dhananjaya Chak

Dhananjaya Chak

Senior Associate

Dhananjaya is a senior associate in the firm’s finance practice with a focus on the infrastructure and energy sectors.



Dhananjaya has extensive experience acting for sponsors and lenders on brownfield infrastructure acquisitions across Europe and the UK as well as greenfield projects in the emerging economies of Africa, Latin America and India. He completed a seven month secondment with ING Bank in London in 2012.

Dhananjaya has advised:

  • IFC, Standard Chartered Bank and Standard Bank on the financing of Umeme's capital expenditure programme in order to further develop and expand its power distribution network in the Republic of Uganda
  • IFC on the US$135 million debt financing for solar rooftop projects in India for Azure Power India Pvt Ltd
  • Skypower Global on all aspects of the development and project financing of seven utility scale PV solar power projects (c.350MW) in the states of Madhya Pradesh and Telangana in India
  • Azure Power in relation to financing its 260MW solar power plant in Gujarat, India
  • Vitol SA on the project finance aspects of its US$7 billion oil and gas project in Ghana with ENI supplying gas for power generation (involving MIGA, UKEF and IFC)
  • KfW in respect of the financing of the San Gabriel combined cycle power plant in the Philippines
  • the lenders in connection with the financing of the Rabigh2 IPP in Saudi Arabia
  • U.S. Ex-im Bank in relation to financing three Saudi Aramco Cogeneration plants in Saudi Arabia
  • the commercial lenders, Islamic lenders and various ECAs relation to the 3,927MW gas-fired Qurayyah IPP in Saudi Arabia
  • Transmission Capital Partners on the financing and acquisition of various transmission links to offshore wind farms in the UK.
  • lenders on the senior and holdco financing in connection with the acquisition by the DIF/ Aberdeen Standard/ LPPIL consortium of Elenia Heat, the Finnish district heating business
  • Amber Infrastructure, Dalmore Capital and GLIL on the midco platform financing for the proposed acquisition of High Speed 1, involving multiple sources of financing including bank facilities, liquidity facilities and private placement debt
  • GIC on the financing of its proposed acquisition of North Sea Midstream Partners, a gas processing and transportation business
  • MIDIS and Aviva on the holdco private placement debt for the proposed acquisition of multiple stakes in Agility trains
  • Brookfield on the proposed acquisition of Ufinet, a fibre optic wholesale operator in Spain and Latin America



Dhananjaya is qualified in India (advocate) and England and Wales (solicitor). He holds a B.A., LL.B (Hons.) degree from NALSAR University of Law, Hyderabad, India. While at NALSAR, Dhananjaya won the gold medal for constitutional law and was also awarded the Microsoft IPR scholarship in his final year. Before moving to Herbert Smith Freehills in October 2015, he worked at Allen & Overy, London for seven years. He speaks English and Hindi.