Shearman & Sterling and Mochtar Karuwin Komar have advised PT Bhimasena Power Indonesia (BPI) as the builder and operator of the $4.3 billion Batang coal power project in Indonesia.

Shearman & Sterling has advised Mongolian company Erdenes Oyu Tolgoi on a $4.4 billion financing to expand the country’s massive Oyu Tolgoi copper mine, with Sullivan & Cromwell representing co-owner Rio Tinto, and Milbank, Tweed, Hadley & McCloy counselling the lenders.