Press Releases 26 February 2023
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14th Anniversary: PT SMI Strengthens Commitment to Overcome Climate Change

Jakarta, 21 February 2023 - Heading to the 14th Anniversary (HUT), PT Sarana Multi Infrastruktur (Persero) ("PT SMI") expresses its gratitude for the trust and support from various parties so that PT SMI can carry out its role as Development Financial Institution (DFI) and accelerate development in Indonesia. Trust in PT SMI has increased with the appointment of PT SMI as the Country Platform Manager (CPM) Energy Transition Mechanism (ETM) at the G20 event in 2022. This new mandate gives PT SMI the authority to push energy transition policies in Indonesia and seek creative financing sources to support that matter. Of course without forgetting PT SMI's commitment to continue to have a positive impact on economic, social and environmental growth.

President Director of PT SMI Edwin Syahruzad said, "We continue to discuss and work together with all relevant stakeholders in developing the best scheme to achieve a fair and affordable energy transition. Together with the Ministry of Finance and the Asian Development Bank (ADB), we have also carried out risk identification and prepared risk mitigation plans from environmental and social aspects as a basis for recommendations for energy transition scenarios that will be implemented in the Strategic Environmental and Social Assessment (SESA) involving the ministry/institutions, government agencies and non-profit communities, and academics.”

All the steps and policies taken by this government to achieve Enhanced Nationally Determined Contribution will be achieved in 2030 and Net Zero Emissions in 2060. "Indeed, other countries have started earlier, and some have even been free from coal, such as Sweden and several other countries in Europe. However, ETM in Indonesia must still be seen as a journey where every step must be implemented wisely so that the target is achieved," he concluded.

Starting in 2023, PT SMI has also signed a financing agreement for the development of the Ijen Geothermal Power Plant (“PLTP Ijen”) which has a capacity of 110 MW. PLTP Ijen is the first geothermal power plant in East Java province which is expected to become an "enabler" and provide space for the involvement of business actors from the private sector. Support for the Ijen PLTP is one of PT SMI's concrete steps as a concrete action in supporting the energy transition through financing the electricity sector which comes from new, renewable energy.



About PT Sarana Multi Infrastruktur (Persero)

PT Sarana Multi Infrastruktur (Persero) was established on February 26th, 2009 as a State-Owned Enterprise under the coordination of the Ministry of Finance in the form of a Non-Bank Financial Institution (LKBB), with a role and mandate as a catalyst for the acceleration of national development.

PT SMI has various functions and unique products/features to support the acceleration of infrastructure development which not only functions as an infrastructure financing but also as an enabler through the implementation of a Public Private Partnership (PPP) scheme which includes various financial institutions, both private and multilateral. PT SMI actively supports the PPP implementation and encourages the acceleration of infrastructure development in the regions through regional loan products.

PT SMI has three business pillars, namely (1) Funding and Investment, financing for infrastructure projects, (2) Consultancy Services, solutions to the needs of professionals and experts in the infrastructure sector, and (3) Project Development, assistance for the Person in Charge of Cooperation Projects (PJPK) in preparing infrastructure projects.

For further information please contact:

Ramona Harimurti
Head of Corporate Secretary

Dian Rufal
Head of Communications Unit

PT Sarana Multi Infrastruktur (Persero)
Tel: +6221 8082 5288
Fax.: +6221 8082 5258
Email: corporatesecretary@ptsmi.co.id

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