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Lance Lentini

Lance Lentini

Associates

Lance is an associate focusing on general corporate matters, energy projects mergers and acquisitions, investment structuring, joint ventures, land acquisition and corporate restructuring. He has represented and advised, both foreign and domestic clients, in various transactions, including energy projects, corporate restructuring, merger and acquisition, and initial public offering transactions. He was involved in representing PT Perusahaan Listrik Negara (Persero), a state-owned enterprise, related to its organization restructuring into holding-sub holding. He also assisted various potential investors in the investment, mergers & acquisitions and cooperations in various renewable power plant projects in Indonesia and other energy sector, including various upstream mining and smelting industry, as well as the development of the battery market.

Relevant Experience
  • Represented Shandong-based company in relation to its potential investment in 2 (two) bauxite mining companies located in Central Kalimantan. This transaction includes but not limited to conduct legal due diligence and provide legal advice regarding the legally feasible scheme and regulatory framework in the field of mining concessions, industrial estates, power plants and jetties, spatial plan, and land acquisition as well as other relevant legal advices.
  • Representing a major coal Chinese state-owned company in relation to its investment plan in an Indonesian coal mining company located in South Kalimantan. This transaction includes but not limited to conduct legal due diligence and provide legal advice regarding the legally feasible scheme and regulatory framework in the field of mining concessions, industrial estates, power plants and jetties, construction in mining sector, and land acquisition as well as other relevant legal advices.
  • Represented CNGR Advance Material Co. Ltd in relation to its proposed plan to establish joint venture company with PT Aneka Tambang Tbk (Antam) for the purpose of constructing the (i) industrial area; and (ii) nickel smelting facilities for manufacturing factory under Antam’s Mining Business Licenses Areas (Wilayah Izin Usaha Pertambangan, or WIUP) with an area of approximately 5,000 Ha in Pomolaa, Southeast Sulawesi.
  • Represented the Indonesian state-owned electricity company, Perusahaan Listrik Negara (PLN), to conclude a major restructuring, involving the transfer of 21,352MW of power generation assets of around IDR330 trillion (USD21 billion) and forming four sub-holding companies. The establishment of the sub-holdings is aimed at transforming PLN’s business model and accelerate the transition to renewable energy, as well as create a more agile and efficient structure. The works involve a series of spinoffs, acquisitions, transfers of assets/businesses, human resources, licences, change in regulatories, information technology, and other organisation restructuring, and also the preparation of the corporate charter as well as service level agreement documents for the governance of PLN Group Companies.
  • Representing PT PLN Indonesia Power as its project legal advisor in the preparation of the tender documents (including model contract), evaluation, and execution of the procurement of Solar Photovoltaic Module Supplier to supply for the projects of PLN Indonesia Power.
  • Representing Contemporary Amperex Technology Co., Limited group companies in various land acquisition and land lease transactions in various locations for the development of battery industries.
  • Representing Chinese major battery manufacturer group companies as its local counsel to provide legal advice with regard to the investment plan in Indonesia in battery-related sector by establishing joint venture companies, including the structure of battery manufacturing business, power supply, construction (EPC), land acquisition and/or lease in various locations for the development of the industry and other legal advices.
  • Representing PT PLN Indonesia Power in Hijaunesia 2023 Project as its legal advisor in the preparation of the business model, tender documents, evaluation and execution of the procurement of twelve (12) potential IPP Projects of solar power plants (PLTS), ranging 50MW to 100MW and one (1) wind power plant (PLTB), 55MW in capacity, in Indonesia.
  • Advised and assisted PT PLN Indonesia Power in Hijaunesia 2023 Project to acquire land in Banyuwangi Regency and Pasuruan Regency required for the development of power plant project through a land acquisition for public interest scheme.
  • Representing PT Perusahaan Listrik Negara (Persero) as its project legal advisor in the preparation of the business model, tender documents, evaluation, and execution of the procurement of ten (9) potential IPP Projects of solar photovoltaic power plants (PLTS) and one (2) wind power plants (PLTB), ranging from 0.6 MW to 100 MW in Indonesia.
  • Representing PT Indonesia Infrastructure Finance (IIF) on the financing of various projects, including renewable energy and oil and gas financing. The transaction includes necessary preparations before the financing date is reached, including carrying out legal due diligence, drafting facility agreements, drafting collateral documents, as well as assistance for financial close.
  • Assisted a Chinese company engaging in yeast production business in relation to its plan to establish a joint venture company with Indonesian local company, to engage in the business of manufacturing, processing, and selling yeast and yeast derivatives in Indonesia, including reviewing the joint venture agreement as well as the subsequent project preparation, including the land acquisition of land owned by a public company which is required for the manufacturing and processing plant of the joint venture company.
  • Assisted and advised PT Perusahaan Listrik Negara (Persero) and PT PLN Energi Primer Indonesia, as part of PLN’s Holding and Sub-Holding restructuring, with regard to the structuring of PT PLN Energi Primer Indonesia as PLN’s Sub-Holding to supply or arrange the primary energy supply needs (including LNG) to all the power plants in PLN Group. The works involve a series of transfers of assets/businesses, licenses, change in regulatory, agreements, advice on the business model from the legal perspective, and also coordinating with the relevant counterparties and governments.
  • Represented one of the largest corporations from Japan with respect to the proposed investment on nickel refinery company located in Weda Bay industrial park.
  • Represented Shandong-based company to advise with respect to the proposed investment in establishing various joint venture companies with one of the electric motor pioneers in establishing smelting facilities, alumina refinery, bauxite concessions, industrial areas, power plants and dock operator.
  • Represented Walsin Group companies in various transactions regarding its investment in Indonesian with various joint venture partners, including but not limited to establishing joint ventures and acquiring companies engaged in the energy and mineral resources sector (various nickel smelting companies located in the Morowali and Weda Bay industrial parks).
  • Represented ACEN Investments HK Limited in conducting legal due diligence on 3 target companies engaging in wind power projects in Indonesia in relation to the acquisition of 49% shares from UPC Renewables group companies as well as reviewing shareholders agreements.
  • Advised and assisted ACEN Indonesia Investment Holdings Pte. Ltd. in relation to its early development stages for developing solar and wind power projects in Indonesia by conducting partnership with Indonesian local company. This works involves establishment of joint venture company and review of several transaction documents (e.g., shareholders’ agreement, financing documents, and securities documents).
  • Assisted ACEN Indonesia Investment Holdings Pte. Ltd. in reviewing and conducting due diligence on the land-related documents for the purpose of land acquisition with a total area approximately of 244 ha in Kutai, East Kalimantan required for the early development stage for power projects.
  • Assisting a Canadian client in establishing an Indonesian subsidiary engages in real estate business of renting villa and entering into a long-term lease arrangement with a well-known luxury villa and hotel operator with renowned brand.
  • Advised a Japanese real estate company on land transactions in Indonesia as well as conducting land due diligence for the purpose of land acquisition with a total area approximately of 5.5 ha in Tangerang Regency that will be used to develop housing projects.
  • Advised a Publicly Listed Real Estate Company in Japan in conducting legal due diligence (including land due diligence) for the purpose of acquiring two Indonesian companies that develop housing projects.