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STRUCTURING INVESTMENT
OPPORTUNITIES
FOR
FOREIGN COMPANIES
IN THE
INDONESIAN JATROPHA INDUSTRY
Presented by:
William A. Sullivan
CHRISTIAN TEO & Associates
The Jakarta Stock Exchange Building
Tower II Floor 14 Suite 1405
Sudirman Central Business District
Jl.Jend. Sudirman Kav.52-53, Jakarta 12190
Tel: +62 21 515 0280
Email: bsullivan@cteolaw.com
OUTLINE OF PRESENTATION
1. Hypothetical example
2. Onshore investment structure for
Indonesia
3. Onshore operating structure for Indonesia
4. Offshore ownership structure for
Indonesia
5. Recommended overall structure
ForeignCo
51%
Offshore JV Agreement
Indonesia
Owner Operator
Jatropha Project
International Jatropha Conference 2008 CHRISTIAN TEO & Associates
ONSHORE OPERATING
STRUCTURE – PART I
RESTRICTIONS
Indonesia
JVProjectCo IndonesiaCo 100% Land and
(PMA) Jatropha
Plants
Operatorship
Indonesia
Agricultural Lease
JVProjectCo Co-operative/ 100% Land and
(PMA) Participating Farmers/State Jatropha Plants
Jatropha Project
Indonesia
JVProjectCo IndonesiaC MOU Co-operative/ Participating 100% Land and
(PMA)
Farmers/State Jatropha Plants
o
Operatorship
Indonesia
JVProjectCo IndonesiaCo 100% Land and
(PMA) Jatropha Plants
Sub-contract Operatorship
Arrangement
TAMC Jatropha Project
(with sub-contract right)
Indonesia
JVProjectCo1 JVProjectCo2 JVProjectCo3
(PMA) (PMA) (PMA)
(etc)
100%
HoldingCo
100%
SPVCo
Singapore 51%
Indonesia
49%
JVProjectCo
IndonesiaCo
(PMA)
100%
HoldingCo
100% 100%
100%
Singapore
51% 51% 51%
Indonesia
JVProjectCo1 JVProjectCo2 JVProjectCo3
(PMA) (PMA) (PMA) (etc)
HoldingCo
100%
SPVCo
Singapore
51%
Indonesia
JVProjectCo
(PMA)
Operatorship
Jatropha
Project
International Jatropha Conference 2008 CHRISTIAN TEO & Associates
RECOMMENDED OVERALL
STRUCTURE – PART III
MULTIPLE JATROPHA
PROJECTS
Offshore ForeignCo
100%
HoldingCo