Congratulations to PT Sarana Multi Infrastruktur (Persero) and PT Bayang Nyalo Hidro, an independent power producer, for the signing of the facility agreement for the development of a 3 X 2 MW Mini Hydro Power Plant located in Pesisir Selatan, West Sumatera, Indonesia. The signing -...
We are delighted to announce the recent success of our Litigation & Alternative Dispute Resolution team in representing a garment factory of a global fashion retailer in an industrial relations dispute. Before we took on the case, the plaintiffs had publicly stated that this was a...
Huge congratulations to PT. Dayamitra Telekomunikasi (Mitratel) and Telkomsel for the closing of the IDR6.188 trillion sale and lease back of Telkomsel’s 4,000 telco towers by Mitratel. With the completion of this deal, Mitratel has cemented its position as the largest telco tower company in the South East Asia...
Congratulations to PT PLN (Persero) and PT Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar (Abu Dhabi Future Energy Company) and PT Pembangkitan Jawa Bali Investasi, for achieving the financial closing of the 145 MWac Cirata Floating Photovoltaic Power Plant Project (Cirata Project)...
Congratulations to PT PLN (Persero) for the signing of the Share Sale and Purchase Agreement with Chevron Standard Limited for the acquisition of PT Mandau Cipta Tenaga Nusantara (MCTN) which signing ceremony was also attended by the Minister of Energy and Mineral Resources! This landmark deal will allow...
Huge congratulations to PT Celebes Railway Indonesia, PT Indonesia Infrastructure Finance, PT Sarana Multi Infrastruktur (Persero) and PT Bank Syariah Indonesia, Tbk for the signing of conventional and Shari’a (Musharakah Mutanaqisah) facility agreements to fund the Makassar – Parepare, Railway project - the first ever...
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...
Continuing our series of successful deal closing, we would like to congratulate PT Bumi Resources Minerals Tbk. (BRMS) for the completion of its Rp1.6 trillion rights issue with the proceeds going for BRMS’s business expansion including the development of its prospective mining business. The deal...
On the heels of Kartini day and the ever-present need to promote women’s empowerment in Indonesia, we are delighted to announce that UMBRA has managed to facilitate the successful provision of a total of USD 50 million financing commitment from Lendable (a global group providing...
Congratulations to Akuo Energy Indonesia (a subsidiary of Paris-based Akuo Energy SAS, a leading multinational renewable corporation), PT Krakatau Steel Tbk (KRAS) and PT Krakatau Tirta Industri (KTI) for the signing of the cooperation agreement for the development of a 16MW floating solar power plant...