PLTG Celukan Bawang formed a joint venture and co-operation with Chinese conglomerate Shanghai Electric Group in developing, building and owning a gas-fired power plant in Indonesia valued at over US$1.3 billion.
The engineering, procurement and construction contract involves the construction of 2x400MW gas-fired power plants in Celukan Bawang, Bali, and is expected to commence in 2021. The project is part of China’s multibillion-dollar Belt and Road Initiative (BRI) along Indonesia’s Regional Comprehensive Economic Corridor.
Withers KhattarWong, the Singapore office of international law firm Withers, acted for PLTG Celukan Bawang. The firm’s team, led by partner Winston Seow and senior associate Yap Ling Man, will continue to advise PLTG Celukan Bawang on other aspects of the project including project financing, gas supplies, power purchase agreement with local authorities, and other commercial matters.
The Withers team has acted as lead counsel for several projects signed at the BRI conference held in Beijing last year.
Withers KhattarWong has extensive experience in representing companies in complex deals and transactions in Indonesia. The firm advised Bumi Resources on one of the largest and most complex debt restructuring transactions in Southeast Asia, and has also been advising on energy projects in Indonesia including a hydropower plant in North Kalimantan and a coal-fired power plant in Bali.