Project Development and Finance

About

Our Project Development and Finance Practice offers market-leading experience advising on legal matters related to project structuring, development and financing. Our team has consistently demonstrated our ability to work with multiple sponsors and lenders on complex multi-sourced projects to successfully deliver "bankable" structures that bring projects to a successful conclusion. We have advised on some of the largest and most prominent project development and finance transactions in Indonesia, the Asia-Pacific region and around the world. This experience has given us a keen appreciation of the concerns affecting sponsors and financial institutions, and their approach to project financings. We also understand the project structuring and risk allocation issues that will warrant attention when negotiating the project and finance documents.

We bring experience in and advise on matters that span the full life cycle of projects, including:

  • Project structuring and development
  • Multi-source lending arrangements
  • Multilateral and export credit agency financings
  • Concession and licensing agreements
  • Engineering, procurement and construction (EPC) contracts
  • Operation and maintenance (O&M) contracts
  • Public-private partnerships (PPP)
  • Project bonds and private placements

Our clients benefit from our deep understanding and experience in all of the major sectors such as:

  • Power generation and transmission, including thermal power and all forms of renewable energy
  • Oil & gas, including upstream projects, petrochemicals and liquefied natural gas (LNG)
  • Infrastructure, including roads, airports, bridges, railways, ports, water, waste treatment and social infrastructure
  • Mining & metals
  • Telecommunications, including towers, satellites and data centers

Experience

Lotte Chemical naphtha cracker project
Lotte Chemical Corporation and PT Lotte Chemical Indonesia on the development and financing of a US$2.4 billion naphtha cracker project in the Banten Province of Indonesia.

Indonesia's first telecommunications satellite PPP project
The lenders in the financing of PT Satelit Nusantara Tiga for the US$545 million Indonesian Government Multifunction Satellite Public Private Partnership (PPP) Project.

Wampu hydroelectric power project
Korea Midland Power Co., Ltd. (KOMIPO), Sprott Korea Investment Corp., Posco Eco & Challenge and PT Wampu Electric Power in connection with the successful refinancing of a 45 MW run-of-the-river hydroelectric power plant on the Wampu River in North Sumatra, Indonesia.

Jawa 9 & 10 IPP
Korea Electric Power Corporation (KEPCO) on the acquisition and project financing of the Jawa 9 & 10 IPP in Indonesia.