Current practice

Sarrah specialises in private infrastructure investment, particularly in the project structuring, acquisition and financing (including project finance, capital markets and corporate facilities) of Australian and international transactions. She has acted for sponsors, lenders, governments and equity investors.

Industry experience

Infrastructure projects / PPP

• Adviser to Macquarie and the project company in respect of the Al Ain Industrial City PPP Project in the UAE.
• Adviser to Macquarie and the project company in respect of the Industrial City of Abu Dhabi, Extension Phase 1 PPP Project in the UAE.
• Adviser to Macquarie in respect of the establishment of the ZonesCorp Infrastructure Fund in the UAE.
• Adviser to Macquarie on the US$1.5 billion Incheon Grand Bridge Project in Korea.
• Adviser to Macquarie in relation to the Macquarie Korea Opportunities Fund.
• Adviser to Transurban City Link Limited on the $1.7 billion Melbourne City Link toll road.
• Adviser to equity participants in relation to New South Wales toll road projects and financiers in various bids for tram and train assets in the privatisation of Victoria’s public transport system.
• Adviser to National Grid in respect of the Basslink Project.
• Adviser to Earth Tech Engineering Pty Ltd in relation to the Waste Water Treatment Plants at Echuca and Rochester.
• Adviser to Australian Water Services in its bids to build, own and operate the Ballarat and Central Highlands Water Treatment Plants.
• Adviser to Aqua Tower in its bid to build, own and operate the Grampians Water Treatment Plants

Infratructure mergers and acquisitions

• Adviser to International Power/Mitsui and Contact Energy in respect of their joint sale of the 300 MW Valley Power Peaker Plant.
• Adviser to ANZIS and Accionia in respect of their acquisition of the Waubra Wind Project in Victoria.
• Adviser to Macquarie on the acquisition of El Paso’s 50 per cent interest in KIECO, a 1800MW power station in Korea.
• Adviser to Contact Energy in relation to its joint venture interest in the 300 MW Valley Power Peaker Plant.
• Adviser to NRG in relation to the acquisition of interests in the 360 MW Lanco Kondapalli power project in Andhra Pradesh, India.
• Adviser to NRG in respect of the $344 million acquisition of the Flinders Generator businesses and associated assets

Project and acquisition financing

• Adviser to the lead arrangers in the $1.755 billion acquisition financing of the Dampier to Bunbury Natural Gas Pipeline.
• Adviser to the AGL / CBA / TEPCO consortium in the acquisition of Loy Yang A and the related refinancing and restructuring of $2.9813 billion in project debt facilities.
• Adviser to the Joint Lead Arrangers in relation to the $1.186 billion refinancing of Hazelwood Power Station.
• Adviser to the lead arrangers in relation to Alinta’s $1.69 billion acquisition financing of Duke’s Australian gas and power assets.
• Adviser to the project financiers of the $325 million Mitsui / TEPCO 50% joint venture interest in the Tarong North Power Station.
• Adviser to the financiers of $185 million financing facilities for the IPO of ALH .
• Adviser to the Joint Lead Principals in relation to the $1.3 billion refinancing of Yallourn Energy.
• Adviser to the project financiers in the $338 million financing of the SEAGas gas pipeline. 
• Adviser to Financial Security Assurance Inc in relation to the credit-wrapping of $250 million of Capital Indexed Bonds and Floating Rate Notes issued by Envestra Victoria Pty Ltd.
  

Professional background

Sarrah was admitted to the Freehills partnership on 1 January 2007.

Sarrah has a Bachelor of Commerce and a Bachelor of Laws (with first class honours) from the University of Melbourne. She also has a Master of Business Adminstration from the Melbourne Business School at the University of Melbourne.