ABNR Advises Geo Energy Resources on USD 151-million Coal Road and Port Deal
ABNR advised Singapore-based coal company Geo Energy Resources group, as project owner and guarantor, on their recently signed agreement for the USD 151-million development of an approx. 92 km coal-haul road that traverses South Sumatra and Jambi provinces, Indonesia, and a 7500 dwt coal loading berth located in South Sumatra province.
Under the agreement, the new infrastructure will be designed and developed by a consortium consisting of PRC-based CCCC First Harbor Consultants Co., Ltd., and NORINCO International Cooperation Ltd. (contractor).
The project aims to transport 40 million tons of coal per year via the road and 15 million via the jetty.
The ABNR team advising on the transaction was jointly led by partner Mr. Freddy Karyadi and of-counsel Ms. Rita Taufik, and included partner Mr. Mahatma Hadhi, senior associate Ms. Kartika Lestari and associate Mr. Rizal Harahap.
More Legal Updates
- 14 Feb 2025 OJK Reg. 36/2024: What’s Changing for Insurance Operations?
- 03 Feb 2025 Indonesia: Starting off the year with a new era for crypto trading under OJK's helm
- 21 Jan 2025 ABNR Shines in 2025 Legal 500 Asia Pacific Rankings
- 16 Jan 2025 Unbundling Electricity Business Activities: A Threat to State Control?
- 04 Jan 2025 OJK Releases New Guidelines for the Implementation of Sharia-Based Products
- 30 Dec 2024 New Rules Introduce Further Barriers to Foreign Direct Investment in Domestic Shipping Sector
NEWS DETAIL
26 Aug 2024
ABNR Advises Geo Energy Resources on USD 151-million Coal Road and Port Deal
ABNR advised Singapore-based coal company Geo Energy Resources group, as project owner and guarantor, on their recently signed agreement for the USD 151-million development of an approx. 92 km coal-haul road that traverses South Sumatra and Jambi provinces, Indonesia, and a 7500 dwt coal loading berth located in South Sumatra province.
Under the agreement, the new infrastructure will be designed and developed by a consortium consisting of PRC-based CCCC First Harbor Consultants Co., Ltd., and NORINCO International Cooperation Ltd. (contractor).
The project aims to transport 40 million tons of coal per year via the road and 15 million via the jetty.
The ABNR team advising on the transaction was jointly led by partner Mr. Freddy Karyadi and of-counsel Ms. Rita Taufik, and included partner Mr. Mahatma Hadhi, senior associate Ms. Kartika Lestari and associate Mr. Rizal Harahap.