Ilham is a Senior Associate in the project development and finance practice of AHP. This rising star lawyer, as recognized by IFLR Asia-Pacific Awards 2021, joined AHP in 2018. Prior to joining AHP, he spent the early years of his career in a well-respected energy boutique law firm in Indonesia, before joining the finance & projects practice of an international affiliated law firm for five years. In AHP, Ilham focuses on representing parties in the development, construction and financing of power and other infrastructure projects. He also has extensive experience in structured and acquisition financings, as well as debt restructuring.

In the last few years, Ilham has been involved in the transactions that have won a total of twelve deal of the year awards from various leading industry publications.

Ilham’s experience range from providing advices to support project development and construction structure, drafting and negotiating various projects documentation (e.g., power purchase agreement, concession agreement, EPC and O&M contracts) to preparing and negotiating finance documents (e.g. inter-creditor agreement, facility agreement, common terms agreement, cash account management agreement and various Indonesian law security documents).

Ilham holds an LL.B. from the University of Andalas, where he maintained an excellent academic grade consistently throughout and was the recipient of the academic scholarships from the Ministry of Education and Culture for four consecutive years.

Experience Highlight

  • Assisting PT Indonesia Asahan Aluminium (Inalum) on the construction of a pot line in its aluminium smelter and upgrading the technology and the supporting facilities of the existing pot lines.
  • Assisting PT Pelabuhan Indonesia Maspion on the development and operation of new container port facilities located in the Maspion Industrial Estate, Gresik, East Java, known as DP Maspion International Container Terminal.
  • Acting as Indonesian counsel to PT Chandra Asri Perkasa, a wholly owned subsidiary of PT Chandra Asri Petrochemical Tbk., in the construction and operation of a new petrochemical complex, targeted to produce 1.1 million tons per annum of naphtha cracker integrated with butadiene, aromatics and downstream plants, utilities, jetty and tank farm. It will be built on approximately 200 hectares of land. The estimated cost for the project is USD 5 billion and commercial operation is expected to occur by 2024.
  • Advising PT Penjaminan Infrastruktur Indonesia (Persero) (Indonesia Infrastructure Guarantee Fund or “IIGF”), an independent state-owned enterprise, on the possible structures in providing government guarantees to develop the Patimban Port in West Java. This is the first Indonesian port development under a Public Private Partnership (“PPP”) scheme, and once construction is completed, it will be the largest port in Indonesia. The total cost of the project is estimated to be USD 3 billion.
  • Advising PT Aneka Tambang Tbk. (ANTAM), a diversified Indonesian mining company, on the proposed structure of the Haltim Feni Power Plant in compliance with the relevant laws and regulations. We are also assisting ANTAM in the development and procurement of the Haltim Feni Power Plant, as well as in preparing, reviewing, and negotiating project documents.
  • Advising PT Kresna Kusuma Dyandra Marga (KKDM), a subsidiary of PT Waskita Karya (Persero) Tbk., on the proposed EPC vendor financing structure of the Bekasi – Cawang – Kampung Melayu (Becakayu) toll road Sections 2A and 1A connection. Our role includes ensuring in compliance with the relevant laws and regulations, as well as, preparing, reviewing, and negotiating project documents with China Hualong International Construction Corporation, the contractor and the financing party of the project.
  • Represented the Asian Development Bank (ADB), International Finance Corporation (IFC), The Leading Asia’s Private Infrastructure Fund administrated by ADB (ADB LEAP), MUFG Bank, Ltd. (MUFG), and Sumitomo Mitsui Banking Corporation (SMBC) as the Lenders in a USD 222 million project financing for the development of a 275 MW combined-cycle gas turbine power plant in Riau province, Sumatra, by PT Medco Ratch Power Riau, a 51% and 49% consortium of PT Medco Power Indonesia and Ratchaburi Electricity Generating Holding of Thailand, respectively. The project also included a 42-km pipeline to connect the plant to its gas delivery point.
  • Assisted Sumitomo Mitsui Banking Corporation, PT Bank BTPN Tbk, and PT Indonesia Infra Structure Finance (“IIF”) to act as the Refinancing Lenders who took over and extended the loan term of Sidrap Wind Farm project from initial lender, International counsel to Overseas Private Investment Corporation (OPIC). The initial loan was used to fund the development and construction of 75 MW Sidrap Wind Farm in South Sulawesi, Indonesia. Sidrap Wind Farm is the first wind power project in Indonesia and the largest of its kind in Southeast Asia, developed by PT UPC Sidrap Bayu Energi. The project has been in commercial operation since 1 March 2018 and this refinancing was concluded right before the first loan reimbursement in January 2020.