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Nadia Soraya

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Nadia Soraya is a partner in the Finance & Projects Practice Group with many years of experience handling a wide range of finance and corporate transactions including project finance, general banking and finance, and mergers and acquisitions.

This report, the fourth in our Asia Pacific Business Renewal Series, explores how businesses are now fortifying their ESG efforts and pivoting from strategy to action. As businesses integrate ESG action into business renewal, there is an imperative to mitigate risks and pre-empt regulatory and compliance complexities amid uneven recovery and progress across jurisdictional and sectoral landscapes in the region.

Indonesia’s state-owned power utility, PT PLN (Persero) (PLN), recently issued two invitations for renewable developers who want to be included in the list of selected developers (DPT) for solar PV and bioenergy (biomass and biogas) projects. Developers that pass the prequalification process will be eligible to be invited to participate in future PLN bids for those types of IPP projects.

In brief Indonesia’s state-owned power utility, PT PLN (Persero) (PLN), recently issued two invitations for renewable developers who want to be included in the list of selected developers (DPT) for solar PV and bioenergy (biomass and biogas) projects. Developers that pass the prequalification process will be eligible to be invited…

On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the “Omnibus Law”), which introduces key amendments to several sectors, including the environment and forestry sectors by amending Law No. 32 of 2009 on Environmental Protection and Management (“Environmental Law”) and Law No. 41 of 1999 on Forestry (“Forestry Law”)[1].

[1] The Omnibus Law also amends Law No. 18 of 2013 on Prevention and Eradication of Forest Destruction in relation to certain adjustments regarding sanctions for various violations in forest areas.

The Indonesian government has announced plans to install rooftop solar panels on at least 800 public buildings across the country this year, according to news sources. This is a positive step in its efforts to reduce Indonesia’s reliance on fossil fuels. Sources suggest that in order to achieve this target,…

With the Indonesian government set to pass new regulations affecting the energy sector, and, we hope, open up more opportunities for foreign investors, Japanese investors should take careful note of recent regulatory changes to the business license application procedures and tax compliance obligations. The Indonesian government has been ramping up…

A new Minister of Public Works and Housing (“MOPWH”) regulation, Regulation No. 9 of 2019 on Guidelines for Foreign Construction Services Business Entities (“Regulation 9”), came into force on 13 June 2019. Like previous regulations on similar subjects, Regulation 9 requires foreign contractors to engage as their business partners 100%…