Widyawan & Partners advises PT Pamapersada Nusantara on its acquisition of geothermal energy company PT Supreme Energy Sriwijaya in Indonesia
Widyawan & Partners advises PT Pamapersada Nusantara (PAMA), a subsidiary under the Jardine Group, on its acquisition of 40.476% of new shares issued by PT Supreme Energy Sriwijaya (SES), a company that focuses on the development of geothermal energy.
The subscription agreement was signed via PT Energia Prima Nusantara (EPN), a company owned by PT United Tractors (UNTR) and PAMA.
Established in 2014, EPN has focused its business on the development of renewable energy since 2018. Currently EPN has business portfolios in green energy such as the distribution and installation of solar photovoltaic systems, mini hydro power plant, and is continuing to develop in other energy sectors. This transaction represents an important milestone for EPN in acquiring its first geothermal asset.
The Widyawan & Partners team was led by Senior Foreign Legal Advisor David Holme, with support from counsel Made Satwika.
Senior Foreign Legal Advisor at Widyawan & Partners David Holme commented:
“We are delighted to have had the opportunity to support PAMA on its strategic investments. The transaction consolidates W&P’s long-standing reputation for providing world class services to local and international clients. We congratulate all parties involved and look forward to continuing to work with PAMA on other opportunities in the future.”
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