Herbert Smith has lined up alongside a raft of firms to advise on Abu Dhabi’s $1.5bn (£931.6m) Shuweihat 3 independent power plant (IPP) project, in one of the largest project financing deals so far this year.

Herbert Smith advised the sponsors, Sumitomo Corporation and Korea Electric Power Corporation (KEPCO), fielding a team led by Abu Dhabi managing partner Andrew Newbery alongside dispute resolution partner Craig Shepherd and energy partner David Laurence.