Practice Focus

Projects, Energy & Construction

 

Sub-Practice & Industry

Construction, Public Private Partnership, Power, Project Finance, Energy & Natural Resources, Employment, Infrastructure, M&A

 

Language

Indonesian & English

Adya Sepasthika

ASSOCIATE
+62 21 5082 0974

adya@umbra.law

Adya Sepasthika has assisted local and major multinational institutions in transactional and advisory matters involving, construction, infrastructure, energy and natural resources, oil and gas projects, finance and general corporate mainly related to power, and energy. She has been involved in various power and infrastructure deals and extensive experiences in assisting the drafting and negotiating projects documents including public private partnership (PPP), power purchase agreements (PPAs), EPC contracts, and O&M contracts

PROFILE DETAILS

Education

  • Faculty of Law, University of Indonesia, Bachelor of Laws (SH) (2018).

REPRESENTATIVE DEALS

Power and Energy

  • Representing an international business chamber in reviewing draft presidential regulation on the new and renewable energy bill (Persero) (2020)
  • Representing an international business chamber in reviewing draft presidential regulation on the purchase of renewable energy electricity by PT PLN (Persero) (2020)
  • Assisting a state-owned geothermal power producer in reviewing a guarantee agreement with regards to its 2×60 MW geothermal power plant projects (2020)
  • Assisting a developer in preparing a legal memorandum on power wheeling, transmission line, and renewable energy certificate in Indonesia (2020)
  • Assisting an international organisation on Renewable Energy Regulations and Standardization of Bioenergy Power Purchase Agreements (PPAs) study which includes advisory, preparation of solar standardization agreements on the supply of renewable energy electricity, assistance in conducting workshops with private investors, the Ministry of Energy and Mineral Resources, financiers and other related stakeholders, including PLN (2020).
  • Assisting a state-owned electricity company in the preparation and negotiation of PPA for the development of 145 MWac floating solar PV project (2020).
  • Assisting a subsidiary of a state-owned company in the preparation of Bid Documents (including the construction contract) for a solar photovoltaic-BESS-diesel hybrid power plant project in Nusa Penida (ongoing)
  • Representing an international business chamber in reviewing draft presidential regulation on the new and renewable energy bill (Persero) (2020)
  • Representing an international business chamber in reviewing draft presidential regulation on the purchase of renewable energy electricity by PT PLN (Persero) (2020)
  • Assisting a state-owned geothermal power producer in reviewing a guarantee agreement with regards to its 2×60 MW geothermal power plant projects (2020)
  • Assisting a developer in preparing a legal memorandum on power wheeling, transmission line, and renewable energy certificate in Indonesia (2020)
  • Assisting an international organisation on Renewable Energy Regulations and Standardization of Bioenergy Power Purchase Agreements (PPAs) study which includes advisory, preparation of solar standardization agreements on the supply of renewable energy electricity, assistance in conducting workshops with private investors, the Ministry of Energy and Mineral Resources, financiers and other related stakeholders, including PLN (2020).
  • Assisting a state-owned electricity company in the preparation and negotiation of PPA for the development of 145 MWac floating solar PV project (2020).
  • Assisting a subsidiary of a state-owned company in the preparation of Bid Documents (including the construction contract) for a solar photovoltaic-BESS-diesel hybrid power plant project in Nusa Penida (ongoing)
  • Assisting Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) in relation to preparation of standardization template of solar power purchase agreement including: advisory, preparation of PPA standardization, and assistance in conducting workshops with private investors, the Ministry of Energy and Mineral Resources, and other related stakeholders, including PLN. This study also includes the comparison of PPAs from various countries with the International consultant (2019).
  • Assisting a subsidiary of a major electricity company in relation to the preparation of bid document for the procurement of a solar power developer (2018-2019).
  • Assisting a commonwealth ministry of foreign affairs in preparing a study in Renewable Energy Business Opportunities in Indonesia (2019).
  • Assisting an international solar PV company in preparing a legal study on solar PV rental business model in Indonesia (2019).
  • Assisting an international solar PV company in preparing its consortium agreement and leasing agreement with a prestigious state-owned university for a floating solar project development (2019).
  • Assisting an international development finance institution in developing a study on electricity restructuring in Indonesia (2019).
  • Assisting a state-owned electricity company to provide analysis and input to the draft Renewable Energy Law (2019).
  • Assisting an international solar PV company in preparing its leasing agreement with an airport operator company (2019).
  • Assisting a state-owned construction and investment company for the development of a Coal Fired Steam Power Plant (CFSPP) with a capacity of 2 x 100 MW project located in West Kalimanta
  • Assisting a state-owned enterprise in preparing the drafting and negotiation of Power Purchase Agreements for the development of WTE project in West Java using a PPP scheme (2020).
  • Assisting PT Citra Multi Energy in the negotiation and drafting of its US$15 million EPC contract for the development of 10MW mini hydro power plant project in North Sumatera (2019).
  • Assisting international clients in the development and acquisition of mini-hydro power projects in Indonesia (2019).
  • Assisting project company for development of the 800 MW Sumbagut 1,3,4 combined cycle gas to power project (2018).
  • Assisting PJB in the drafting and negotiation of contracts for development of the 500 MW Mobile Power Plant Project with PLN (2019).
  • Assisting in drafting initial report for electricity reform (2019).

 

Infrastructure and Construction

  • Representing an Indonesian mining company in preparing the tender documents, terms of reference and drafting the agreement to engage with the contractor with regards to road construction and bauxite transportation (ongoing).
  • Representing an Indonesian state-owned airport services company in preparing a pre-feasibility study in relation to development of a greenfield airport project by using public private partnership arrangement (ongoing).
  • Representing an Indonesian state-owned airport services company in preparing a pre-feasibility study in relation to development of a brownfield airport project in Lombok (ongoing).
  • Representing an Indonesian joint-venture railway construction company in developing a railway project under Public Private Partnership scheme (ongoing)
  • Assisting a multinational consumer goods company in preparing engineering design and supply agreement with regards to its development of fat splitting factory (ongoing)
  • Assisting PT Pelabuhan Indonesia Investama for internal restructuring of PT Pelabuhan Indonesia II (Persero) (IPC) Group (2018).
  • Advising a foreign client on establishing the cancer hospital with the public private partnership scheme (2018)

 

Employment

  • Advising a project company on the employment and foreign personnel dispatchment under O&M contract for power project
  • Advising Engie in its employment issues arising from the dissolution of its representative office in Indonesia.

 

Oil and Gas 

  • Assisting PJB in the drafting and negotiation of HOA and shareholders agreement for development of the 800 MW Sumbagut 1,3,4 combined cycle gas to power project (ongoing).
  • Assisting a major domestic company in the novation and amendment of its Oil and Gas Sale Agreements (2018).
  • Assisting PT Chevron Pacific Indonesia in its compliance on environmental permit (2018).

 

M&A

  • Assisting a major Indonesian telecommunication company in its proposed acquisition of a major local tech market place company (ongoing).
  • Assisting PT Dayamitra Telekomunikasi (“Mitratel”) in the proposed acquisition of telecommunication tower business and assets from major local telecommunication tower companies (2018).
  • Assisting a private equity firm in its proposed investment to an Indonesian online platform (2018).
  • Assisting a major Indonesian telecommunication company in its proposed acquisition of a major local tech market place company (ongoing).

 

Corporate

  • Assisting a food and beverages company in the acquisition through complex combination of assets transfers and new shares subscription
  • Preparing and reviewing corporate documents for initial due diligence
  • Addressing client inquiries related to laws and regulations on corporate matters.

 

Others

  • Preparing and reviewing corporate documents for initial due diligence

PUBLICATION AND MEDIA INTERVIEW

  • New Geothermal Working Areas Tender Rules”, UMBRA Newsletter (Co-Author) (August 2018)
  • “New Geothermal Working Areas Tender Rules”, UMBRA Newsletter (Co-Author) (August 2018)
  • “Floating Solar PV Projects on Reservoirs Water Surface – Major Hurdle Finally Resolved”, UMBRA Newsletter (Co-Author) (February 2020)
  • “Implementing Regulation of The New Construction Law”. UMBRA Newsletter (Co-Author) (May 2020)