ABNR wins IFLR Asia “Project Finance Deal of the Year” Award
Ali Budiardjo, Nugroho, Reksodiputro (ABNR) acted as counsel to lenders in the financing of Sarulla project, which International Financial Law Review (IFLR) announced as “Project Finance Deal of the Year” during the IFLR Asia Awards ceremony in Hong Kong that took place on March 11, 2015.
ABNR advised Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), and six commercial banks in theUS$1.17 billion financing of the 330 MW geothermal power plant in Sarulla, North Sumatera, Indonesia.The sponsors of the project are PT Medco Power Indonesia, ITOCHU Corporation, Kyushu Electric Power and Ormat Technologies, Inc.This marks the financing of the biggest geothermal power project in Indonesia.
The ABNR team was lead by Partners Emir Nurmansyah & Herry Kurniawan.
More Legal Updates
- 22 May 2026 The New Draft Bill on Gig Workers: A Novel Legal Framework for the Protection of Indonesian Platform Gig Workers
- 07 May 2026 Indonesia Overhauls Listing Requirements under Regulation I-A: Increased Free Float, New Eligibility Metrics, and Governance Enhancements
- 07 May 2026 ABNR Partner Speaks at IBA’s Asia Pacific Mergers & Acquisitions Conference in Tokyo
- 04 May 2026 Indonesia Law Firm of the Year Legal 500 Southeast Asia Awards 2026
- 29 Apr 2026 Inaugural Edition: ABNR Morning Dialogue
- 27 Apr 2026 From Rapid Growth to Institutional Maturity: A Look at OJK’s New Regulation on Buy Now Pay Later (BNPL)
NEWS DETAIL
19 Mar 2015
ABNR wins IFLR Asia “Project Finance Deal of the Year” Award
Ali Budiardjo, Nugroho, Reksodiputro (ABNR) acted as counsel to lenders in the financing of Sarulla project, which International Financial Law Review (IFLR) announced as “Project Finance Deal of the Year” during the IFLR Asia Awards ceremony in Hong Kong that took place on March 11, 2015.
ABNR advised Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), and six commercial banks in theUS$1.17 billion financing of the 330 MW geothermal power plant in Sarulla, North Sumatera, Indonesia.The sponsors of the project are PT Medco Power Indonesia, ITOCHU Corporation, Kyushu Electric Power and Ormat Technologies, Inc.This marks the financing of the biggest geothermal power project in Indonesia.
The ABNR team was lead by Partners Emir Nurmansyah & Herry Kurniawan.