“An esteemed practitioner who regularly advises developers, sponsors, lenders and credit agencies on project development and finance.”Chambers Asia-Pacific 2018

Clarinda Tjia-Dharmadi

Singapore
  • 9 Raffles Place
  • #42-02 Republic Plaza
  • Singapore 048619
 
 

Clarinda Tjia-Dharmadi is the Global Co-Chair of the firm’s Power Industry Group, specializing in international project development and finance transactions. Ms. Tjia-Dharmadi has more than two decades of project development and finance experience, which includes the representation of governments, owner / developers, sponsors, commercial lenders, multilateral agencies, and government export credit agencies on a wide range of projects, including many of the Asian region’s landmark oil and gas, petrochemicals, mining, power, and infrastructure projects.

Ms. Tjia-Dharmadi has significant expertise in the Indonesian oil and gas sector, having advised oil majors, foreign investors, the Indonesian government, state-owned entities, PT Pertamina (Persero), the Indonesian Ministry of Mines and Energy, and the Indonesian oil and gas upstream regulatory agency, BPMIGAS, on Indonesia’s largest oil and gas and petrochemical projects.

Ms. Tjia-Dharmadi also has regional corporate experience and has been involved in structuring and completing cross border joint ventures, mergers and acquisitions, and private entity investments for US and other international clients on a variety of structured transactions involving multiple jurisdictions. She has advised debtors and creditors on several of the largest and most complex debt restructuring in Asia.

Ms. Tjia-Dharmadi is a highly regarded practitioner and is consistently recognized in legal and financial publications as a leading lawyer for project development and finance work. She is ranked in the top tier for projects in Indonesia and Singapore by Chambers Asia-Pacific 2018. The guide notes that Ms. Tjia-Dharmadi is “very well known in the market, with peers remarking that her clients rely heavily on her.” Ms. Tjia-Dharmadi is also named in International Financial Law Review and Legal 500 Asia-Pacific as a recommended lawyer for project finance, as well as in Who's Who Legal in Singapore as one of the leading attorneys in the area of oil and gas. She was recently named Best in Energy & Natural Resources by the Euromoney Women in Business Law Awards.

Ms. Tjia-Dharmadi's experience includes advising:

  • Rantau Dedap Geothermal Power Project, Indonesia - Asian Development Bank in the financing of the Rantau Dedap geothermal IPP project in South Sumatra, Indonesia. This is one of the pioneer new generation geothermal projects being undertaken under the Fast Track 2 program and first projects to successfully negotiate the new, agreed bankable form of government support under the Fast Track 2 program.
  • Sarulla Geothermal Power Project, Indonesia - JBIC, ADB, and a group of commercial bank lenders in the development and financing of the 314.5 MW Sarulla geothermal project in Northern Sumatra, Indonesia. This is one of the pioneer new generation geothermal projects being undertaken under the Fast Track 2 program and first projects to successfully negotiate the new, agreed bankable form of government support under the Fast Track 2 program.
  • Paiton 3 Power Project, Indonesia - JBIC and the commercial bank lenders in the US$1.215 billion financing of the Paiton 3 power project in Java, Indonesia. This was the first power project to reach close under Indonesia’s independent power scheme.
  • Paiton Coal-Fired Power Project, Indonesia - a group of commercial lenders led by JP Morgan Chase and Mizuho Corporate Bank Limited, in the US$2 billion restructuring of the Paiton Power Project, a 1,230 MW coal-fired power generating facility located in Java, Indonesia. This was one of the first power projects to close with the benefit of Indonesia government support via the JBIC umbrella note.
  • Tanjung Jati B Coal-Fired Power Project, Indonesia - the lenders, led by Sumitomo Mitsui Banking Corporation, and the JBIC in the US$1.2 billion financing of the 2 x 660 MW Tanjung Jati B coal-fired facility in Central Java, Indonesia. This was the first project to close following Indonesia’s emergence from the Asian financial crisis.
  • Pagardewa Gas Project, Indonesia - PT Pertamina (Persero) in the (i) financing and development of gas field facilities to exploit and process reserves in south Sumatra, Indonesia and (ii) structuring the oil sales agreement between Pertamina and Mitsubishi Corporation, the proceeds of which will support the financing. The financing is provided 70% by an indirect loan from the Japan Bank of International Cooperation and 30% from a club of commercial banks consisting BNP Paribas, Mizuho Corporate Bank, The Bank of Tokyo-Mitsubishi, Calyon, and ING Bank. The Pagardewa deal is the first financing to be closed by Pertamina since the regulatory changes brought on by Indonesia’s new oil and gas laws in 2001 and the privatization of Pertamina.
  • Senoko Power Refinancing, Singapore - Senoko Power Limited as borrower, and GDF Suez.S.A., Marubeni Corporation, The Kansai Electric Power Co., Inc., Kyushu Electric Power Co., Inc., and JBIC as sponsors, in the S$2.65 billion refinancing of Senoko Power Limited.
 
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