Milan Pandev is a Partner at DGKV, specializing in energy and utilities, mergers and acquisitions, joint ventures, and projects. He joined DGKV as a trainee in 1997. Throughout his more-than-20 years of professional experience, he has developed extensive expertise in the Bulgarian power and oil & gas sectors, heading the teams advising prominent clients on some of the corner-stone energy projects in the country and the region, and more particularly on power-generation, power-distribution, oil and gas exploration, and pipeline-development projects. Milan was identified by International Who’s Who of Energy Lawyers as one of the world’s leading practitioners in the energy field and as the leading energy lawyer in Bulgaria.
Recent representative projects include:
- Advised a syndicate of lenders — EBRD, Black Sea Trade and Development Bank, OTP Bank, NLB Bank, UniCredit, and Kommunalkredit, in connection with a €315 million HoldCo financing for Renalfa IPP, a leading regional renewables platform.
- Advised the Bulgarian arm of Akuo Energy (an operator of renewable energy assets worldwide) in a contemplated acquisition of ten hydro power plants in Bulgaria, with total installed power capacity of 22 MWs.
- Leading the team advising a large oil and gas company in relation to potential acquisition of Bulgarian group of companies operating in the oil and gas sector.
- Advised Contour Global Maritsa East 3 AD on issues relating to grid interconnection of a solar PV project and a BESS as well as the functioning of the power exchange market and the transition from the regulatory to the liberalised energy market.
- Advising Vitol on a ongoing basis in relation to licensing and regulatory requirements for the operation on the electricity and gas markets.
- Advised UniCredit Bulbank and EBRD in relation to the project financing of 58MWh BESS project extension of the existing 112.5MW solar photovoltaic power plant near Ruse, Bulgaria, extended to Tsenovo Solar Plant OOD.
- Advising US based offshore drilling contractor in relation to drilling for deep water oil & gas prospecting in the Bulgarian part of the Black Sea.
- Advised Axpo Bulgaria EAD with respect to specific regulatory requirements and obligations for selling electricity to end industrial consumers.
