Serafina Muryanti

Fina joined ABNR in 2007 and was made partner in January 2019. She focuses her practice on project finance & development, mergers & acquisitions (M&A) and foreign direct investment (FDI). In project finance & development, she has extensive experience advising lenders and sponsors on power-project financings and development of infrastructure projects, including related risk analyses and all aspects of the Indonesian regulatory regime. 

Over the years, she has been involved in many of Indonesia’s largest power projects, such as the Paiton Expansion Project, Tanjung Jati B Expansion Project, Sarulla Project, Wampu Hydroelectric Project, Semangka Hydroelectric Project, Central Java PPP Project, Cirebon Expansion Project, Tanjung Jati B 5 & 6 project, and the Muara Laboh and Rantau Dedap Geothermal projects to name a few. In other infrastructure sectors, she has been involved in airport, railways, toll road and waste management projects. In mergers & acquisitions (M&A), her work in recent years focus on the energy and power-sector deals.

• Advised Finance Parties (lead by Japan Bank for International Cooperation (JBIC) in the USD 4.3 billion financing for the 2x1000MW ultra critical coal fired power plant in Batang, Central Java. This project is a PPP project and co-guaranteed by the Indonesia Infrastructure Guarantee Fund (IIGF) and Government of Indonesia (through Minister of Finance). 
• Advised Finance Parties (including the Japan Bank for International Cooperation (JBIC), Asian Development Bank (ADB), Nippon Export and Investment Insurance (NEXI), and NEXI covered lenders) for the USD 540 million financing of the 1 x 86 MW Rantau Dedap Geothermal Power Plant in Muara Enim, South Sumatra Province. The project is part of the Fast Track Programme II with Business Viability Guarantee Letter (BVGL) from the Minister of Finance.
• Advised Finance Parties (including Japan Bank for International Cooperation (JBIC), Asian Development Bank (ADB), Nippon Export and Investment Insurance (NEXI), and NEXI covered lenders) for their USD 439 million financing of the 1 x 80 MW Muara Laboh Geothermal Power Plant and related facilities and assets in Muara Laboh, South Solok Regency, West Sumatra, Indonesia. The project is part of the Fast Track Programme II with Business Viability Guarantee Letter (BVGL) from the Minister of Finance.
• Advised a consortium of domestic and international lenders for the USD 1.846-billion “Trustee Borrowing Scheme Financing” provided to PT Pertamina EP Cepu for the development of the Jambaran-Tiung Biru gas project -- the financing consisted of a USD 1,746,400,000 conventional facility and USD 100,000,000 Shariah-based Wakala facility. 
• Advised Global Infrastructure Partners’ USD 5-billion acquisition of Equis Energy in 2018, the largest renewable energy deal ever -- in Indonesia, the Equis assets covered by the deal consisted of eight renewable energy projects that were either under construction or were shovel ready.

• M&A
• PPP/PFI
• Project development
• Project finance

• Construction and materials
• Energy
• Natural resources
• Transport
• Utilities

• PERADI

• Bachelor of Law, University of Indonesia, Indonesia, 2007
• LL.M, Tilburg University, Netherlands, 2010