Ashurst OSP acts on a US$140 million landmark transaction for Indonesia's independent power producer 

Oentoeng Suria & Partners (OSP), in association with global law firm Ashurst, advised on a landmark transaction arranged by the Bank of East Asia (China) Ltd, as mandated lead arranger and lender, securing up to US$140 million in facilities for PT SKS Listrik Kalimantan. As a prominent independent power producer entrenched within the renowned Sinarmas Group, PT SKS Listrik Kalimantan stands as a beacon of excellence in Indonesia's energy sector. This strategic financial manoeuvre encompasses the meticulous refinancing of existing facilities linked to the Kalteng-1 Coal Fired Steam Power Plant IPP Project situated in Kalimantan Tengah.

Ashurst OSP was involved in the refinancing of PT SKS Listrik Kalimantan's existing facilities linked to the Kalteng-1 Coal Fired Steam Power Plant IPP Project in Kalimantan Tengah. This speaks about the firm's collective expertise, as it navigated complex regulatory frameworks and contributed to the sustained growth and success of the client. The firm has also demonstrated its ability to combine legal expertise with strategic foresight.

This transformative financial transaction also represents a cornerstone in Indonesia's energy sector.

Jakarta office managing partner Rizaldy Tauhid commented: "We are proud to be the lenders' lead legal counsel for the transaction and help the parties to close this landmark deal."

The transaction was led by Rizaldy Tauhid, supported by Chandra Setyabrata, Fernanda Dharmawan, Liana Azirul and Nabitha Karunia.