Signing of Project Agreement and Subsidiary Agreement in relation to the development and funding of geothermal projects
Congratulations to PT Geo Dipa Energi (Persero) (GDE), PT Sarana Multi Infrastruktur (Persero) (SMI) and The World Bank for the signing of Project Agreement and Subsidiary Agreement in relation to the development and funding of geothermal projects in certain areas in eastern part of Indonesia.
Using a unique tripartite cooperation structure, the transaction involves funding from World Bank’s grant and is expected to facilitate geothermal exploration projects and play a part in supporting the de-risking of Indonesian geothermal development.
Continuing our strong presence in Indonesian renewable projects, led by Kirana Sastrawijaya together with Davin Rizky Abdurahman and Zuhal Dwi Saputra we assisted GDE in the structuring, drafting, and negotiation of the transaction documents. We sincerely hope that this project will contribute to expedite the development of abundant geothermal resources in Indonesia!
#Renewables #Geothermal #WeGetThingsDone