The signing of a sharia financing facility agreement for refinancing PLTG Simple Cycle Power Plant 2×35 MW and Combine Cycle Power Plant 39 MW in Tanjung Uncang, Batam
We extend our congratulations to PT Energi Listrik Batam (PT ELB), a subsidiary of PT Medco Power Indonesia, and PT Bank Syariah Indonesia Tbk for the signing of a sharia financing facility agreement for refinancing PLTG Simple Cycle Power Plant 2×35 MW and Combine Cycle Power Plant 39 MW, which are located in Tanjung Uncang, Batam. The additional capacity gained through the construction of PT ELB’s Combine Cycle Power Plant (CCPP) and the utilization of flue gas from the Simple Cycle (Gas Turbine), will increase the generating capacity in the system. In addition, this step can help efforts to reduce carbon emissions in Batam-Bintan.
This transaction is led by our Senior Partners, Kirana Sastrawijaya, and Putu Raditya Nugraha, along with the support of our Associates, Angela Vania Rustandi, Jesseline Tiopan, and Faris Alwi. As one of the law firms that supports the government’s movement to reduce carbon emissions, we are very happy to be involved in this project. Again, congratulations to all parties involved!