Makarim & Taira S. has advised PT Central Java Power, a finance lease company owned by Sumitomo Corporation in relation to the development of additional 2x660 MW coal fired power plant in Tanjung Jati B, Jepara Indonesia (TJB 3&4). The TJB 3&4 will be leased to and operated by PT PLN (Persero) under the finance lease scheme and will be in addition to the existing  2x 660 MW coal fired power plants currently owned by PT Central Java Power and leased to PT PLN (Persero). The use of the finance lease scheme is a rather complex structure however in the future it could be an alternative to the commonly used independent power producer scheme for the procurement of electric power in Indonesia. The US$ 2.3 billion project is financed by Japan Bank for International Corporation (JBIC) and syndicates of financial institutions. The firm , which has assisted the company in the initial project (TJB 1&2),  advised on the various Indonesian legal aspects of the project since the initial  discussion with PT PLN (Persero) in 2006 covering regulatory/licensing, structure, land acquisition and financing. The team was led by partner Rahayu N. Hoed  with core members of the team Benny Bernarto, Evelyn Simanjuntak, Heru Mardijarto, Tasdikiah Siregar and Guy des Rossiers .