Special Mission Vehicles Collaboration feat. Tompi – Optimis Lewat Nada

The world is experiencing an unusual condition because the Covid-19 pandemic affected not only the health, economic and social aspects. The condition of Indonesian society was shaken and many of our brothers needed a helping hand to ensure their survival and family.

This year’s holy month of Ramadan is also an unusual one. In the month that we should focus on worship and be happy with family, it turns out that many have to lose their jobs and are unable to continue their business. Many of the joys and smiles of our fellow countrymen who began to disappear were erased by tears and untold suffering.

Therefore, we, Special Mission Vehicles (SMV) under the coordination of the Ministry of Finance, which consists of PT SMI, PT Geo Dipa Energi, PT IIF, LMAN, LPEI, PT PII, and PT SMF, took the initiative and synergized, joining hands to conduct fundraising actions. funds to help communities affected by Covid-19. This action was carried out through a virtual music concert and in collaboration with Tompi, a singer born in Lhokseumawe, Aceh, who had high love and concern for the social life of his countrymen. This activity also works with Kitabisa.com which helps channel aid to those who really need it.

Through this synergy, SMV wants to spread the positive and optimistic spirit to all Indonesian people, and make people aware that we can and are able to rise from the difficult conditions caused by Covid-19 and continue normal life as before. Let’s make this a reminder, that goodness knows no difference, that we are one Indonesia.

SMIers who want to participate can access https://kitabisa.com/campaign/smvpeduli.

#SMVPeduli
#GandengTanganBersama
#SemangatuntukIndonesia

PLN and SMI Sign MoU on the Development of New and Renewable Energy (EBT) Based on SDG

PT Perusahaan Listrik Negara (PLN) and PT Sarana Multi Infrastruktur (SMI) signed a Memorandum of Understanding (MoU) in the joint development of the New and Renewable Energy (EBT) platform based on the Indonesia One Sustainable Development Goals (SDG) platform.

Finance Director of PLN Sinthya Roesly revealed, this collaboration was one step in synergy between SOEs between PLN and SMI to realize government targets in accordance with Government Regulation (PP) Number 79 of 2014 concerning National Energy Policy.

“And PP No. 22 Year 2017 concerning the National Energy General Plan, namely the achievement of an EBT mix of 23% by 2025,” Sinthya said in a written statement received by Kontan.co.id, Saturday (5/16).

Meanwhile, the signing of this MoU has been carried out circularly by PLN President Director Zulkifli Zaini and SMI President Director Edwin Syahruzad, Thursday (5/14).

According to Sinthya, this is also part of Indonesia’s participation in the 2030 Agenda launched by the United Nations (UN) to reach 17 Sustainable Development Goals (SDG).

One of the targets is affordable and clean energy, which is ensuring the availability of access to affordable, reliable, sustainable and modern energy for all people by 2030.

In addition, the greenhouse gas reduction target is 29% by 2030, where the energy sector is targeted to contribute 314 million tons of carbon dioxide (CO2) gas. In this effort, the Government through the Ministry of Finance has established a “SDG Indonesia One” platform to mobilize public and private financial resources through joint financing schemes.

This was done to fund infrastructure projects related to the achievement of SDGs, including EBT development projects in the electricity sector. “This collaboration for PLN and SMI is the implementation of the strategic initiatives of the two companies,” he added.

As a red stun company, PLN on 21 April 2020 has just launched the PLN Transformation program, one of which is the green initiative, which PLN will encourage and accelerate the execution of the EBT program in Indonesia.

On the other hand, SMI implements the Indonesia One SDG platform, which includes four types of pillars, namely: (i) Development Facilities, (ii) De-Risking Facilities, (iii) Financing Facilities, and (iv) Equity Funds.

The scheme characteristics are suitable for the needs of EBT development in Indonesia which so far has encountered several obstacles. Among others, the high risk of exploration and development, project bankability, tariff schemes and project financing schemes.

Therefore, the synergy of PLN and SMI is very appropriate to encourage the achievement of Government targets for affordable and clean energy SDGs.

In the Electricity Supply Business Plan (RUPTL) for 2019-2028, the plan to increase the capacity of the EBT generator is 16,765 GW, of which 3,459 MW will be implemented by PLN. Of this amount, with the cooperation of PLN and SMI it is planned to build an EBT plant of 1,403 MW.

Consisting of 904 MW of hydropower, 360 MW of PLTP, 100 MW of PLTB, 38.2 MW of PLTM and 1.3 MW of PLTS. The majority of the capacity (55.5%) of EBT plants will be built in Eastern Indonesia (783 MW) which is very rich in EBT potential. The details, in the Maluku region of Papua at 111 MW, Nusa Tenggara at 25 MW, Kalimantan at 496 MW and Sulawesi at 146 MW.

The total construction value of the EBT power plant project is estimated at US $ 4.29 billion or around Rp 64.35 trillion. As a pilot project of the cooperation between PLN and SMI, there are planned to be three projects to be executed in 2020, namely Geothermal Power Plant, Hydro Power Plant and Bayu Power Plant.

In addition, there are also other EBT projects that will be collaborated by both parties in the years to come.

Source: kontan.co.id

PLN and SMI Sign MoU for Financing Power Plant Development Projects

PT Perusahaan Listrik Negara (Persero) and PT Sarana Multi Infrastruktur/SMI (Persero) signed a memorandum of understanding on the Cooperation for the Development of New and Renewable Energy (EBT) Based on the Indonesia One SDG Platform.

Meanwhile, the value of the cooperation is estimated at US$4.29 billion or around Rp64.35 trillion. Previously, the government had formed the “SDG Indonesia One” platform to mobilize public and private financial resources through joint financing schemes for infrastructure projects related to SDG achievements, including the development of New and Renewable Energy (EBT) projects in the electricity sector.

“This cooperation is one of the concrete steps of SOE synergy between PLN and SMI to realize the government’s target in accordance with Government Regulation No. 79 of 2014 concerning the National Energy Policy and Presidential Regulation No. 22 of 2017 concerning the National Energy General Plan, namely achieving the EBT mix of 23 percent by 2025. ” PLN Finance Director Sinthya Roesly said in a written statement, Saturday (5/16/2020).

The cooperation is carried out to build 1,403 MW or 40 percent of the total addition of EBT power plants by PLN. As is known, PLN has planned to add an EBT power generation capacity of 16,765 GW during 2019-2028.

The majority of SMI-funded power plants will be powered by water or hydropower with an energy capacity of around 904 MW. In addition to hydropower, the cooperation also allows PLN to build a geothermal power plant (PLTB) with a capacity of 360 MW, a wind or wind power plant (PLTB) with a capacity of 100 MW, a minihodro power plant (PLTM) with a capacity of 38.2 MW, and a power plant solar power (PLTS) with a capacity of 1.3 MW.

Meanwhile, around 55.5 percent or around 783 MW of the entire EBT power plant construction will be built in eastern Indonesia. In detail, the Maluku Maluku region is 111 MW, Nusa Tenggara is 25 MW, Kalimantan is 496 MW, and Sulawesi is 146 MW.

As a pilot project of the cooperation between PLN and PT SMI, there are 3 (three) projects planned to be executed in 2020, namely Geothermal Power Plant, Hydro Power Plant and Bayu Power Plant.

On the other hand, the cooperation is also part of Indonesia’s participation in the 2030 Agenda launched by the United Nations (UN) to reach 17 (seventeen) Sustainable Development Goals (SDG) where one of the targets is affordable and clean energy (Affordable and Clean Energy).

In other words, one of the goals of the collaboration is to ensure that access to affordable, reliable, sustainable and modern energy is available for everyone by 2030. In addition, the target of reducing greenhouse gases is 29 percent by 2030, where the energy sector is targeted contributed 314 million tons of carbon dioxide (CO2) gas.

Source: bisnis.com

Ministry of Finance SMV Provides Assistance to Medical Personnel in Ramadan

PT SMI together with other Special Mission Vehicle (SMV) under the Ministry of Finance, namely PT PII, PT Geo Dipa Energi, PT SMF, LPEI, and PT IIF are always trying to help the Government of Indonesia in tackling the spread of Covid-19 through collaborative activities with various elements of society, including in the provision of health facilities and infrastructure for frontline medical personnel.

One form of collaborative activity is providing assistance to 585 basic food packages and 70 PPE packages for health workers scattered in the Jakarta and Bandung areas by cooperating with the Yayasan Pos Keadilan Peduli Umat Human Initiative as an executor of activities in the field.

In this activity, the assistance assistance provided by PT SMI was in the form of Personal Protective Equipment (PPE) packages, each of which consisted of hazmat clothing, protective glasses, hand sanitizers, gloves and a multivitamin given to Al Ihsan Regional Hospital and Al Islam Regional Hospital in Bandung.

Webinar: Green Infrastructure Investment Opportunities (GIIO) Vietnam & GIIO Indonesia Update Report Launch

Haloo Sahabat Infra,

PT SMI has a commitment to sustainable development that prioritizes social, economic and environmental aspects to maintain a harmonious life.

To find out more about PT SMI’s work and support for sustainable development, Sahabat Infra can find out more by joining the Webinar: Green Infrastructure Investment Opportunities (GIIO) Vietnam & GIIO Indonesia Update Report Launch organized by the Climate Bonds Initiative (CBI). This webinar presents Mr. Mohammad Ghozie Indra Dalel (Operations and Finance Director of PT SMI) as one of the speakers.

To register for this webinar, please click the following link:
https://zoom.us/webinar/register/WN_24oEf_o0S_C50RVtaSMu9g

IDFC is Building a Collective Response to Covid-19: the International Development Finance Club Combating Covid-19 by Stepping-Up Efforts Towards Building More Resilient Economies for People and Planet

Paris, France, 21 April 2020 – As the world is facing an unprecedented crisis caused by COVID-19, the International Development Finance Club (IDFC), the network of leading national and regional development banks, is committed to making public on a regular basis and capitalizing on its members respective experiences with regards to the responses to the crisis. IDFC members actively respond to the situation with a full set of measures with the view to structure the most adequate collective answer to support a sustainable and inclusive economic and financial recovery. All these initiatives are attached to this press release and will be updated on IDFC website.

 

To cope with the COVID-19 crisis, IDFC members have been mobilizing their full set of instruments and financial capacity.

Public development banks are all in the process of deploying their efforts on responding to the COVID-19 crisis, be they national development banks supporting the definition and implementation of their governments’ emergency and recovery programmes, regional development banks underpinning the orientations of their Member States or international development banks collaborating with partner countries at a time when cooperation is most needed.

IDFC members have been actively responding to the situation with a full set of measures designed to simultaneously address short-term needs and prepare better recovery. While urgency lies in the capacity of the health system and social infrastructures, members provide funding, grants and equipment to hospitals and most affected municipalities and to support epidemiological surveillance.

IDFC members are also deciding extensive measures to implement their countercyclical mandate by providing emergency loans, financing facilities, guarantees, by massively reallocating funding or by putting in place easing measures with moratoria on repayments, the introduction of grace periods or reductions in interest rates. They propose systemic solutions by supporting local financial systems to ensure corporate liquidity and maintain jobs. These provisions are made available to most affected entities and sectors, such as MSMEs, transport, tourism, energy, industry, commerce, services, etc. In addition, some members have already mobilized capital markets by issuing dedicated bonds to support their interventions in addressing the COVID-19 crisis. IDFC members are also working together to explore and implement join initiatives regionally in order to create synergies in the response to COVID-19 by leveraging resources to better support their beneficiary countries. Details of the initiatives implemented to date by IDFC members can be found in the appendix.

The Club is committed to making public on regular basis (see appendix) and capitalizing on these respective experiences with regards to COVID-19 and to help structure the most adequate collective answer to the situation, with the view to strengthen health systems and social infrastructures and to support a sustainable and inclusive economic and financial recovery contributing to the redirection of financial flows towards a just transition.

 

It is time to collectively review our development schemes and increase our cooperation

The current health crisis is a mirror of our vulnerabilities. It questions our development models, be it in our modes of production and consumption and our difficulties to internalize environmental and societal issues. It is a sharp reminder of the importance of realizing human security by protecting everyone’s health and dignity and building resilient societies.

It is time to rethink our development pathways, to open up our approaches to addressing economic and financial issues, human, animal and plant health, the protection of biodiversity and ecosystems, the fight against climate change and inequalities as a whole, as common goods and as a system. It is time to rethink the way we live, work and invest, towards more sober, inclusive and resilient activities, towards more collaboration and cooperation.

The current situation calls for a collective answer within the international development finance community. National and regional development banks are deeply rooted within their constituencies and can help build a more collaborative and efficient global architecture for sustainable development, with the support of the multilateral system that can help provide adequate resources and capacity building.

 

IDFC and the public development banks to build a new coalition towards sustainable development investment at the Summit of Development Banks in late 2020

IDFC could play a major role in building this new collective dynamic, alongside its partners, such as Multilateral Development Banks and the World Federation of Development Finance Institutions (WFDFI) and its regional associations. Public development banks have more than ever a role to play: both counter-cyclical to cope with the crisis and in support of investments for the definition of new development models and the implementation of the Paris Agreement on climate change and the Sustainable Development Goals.

The Global Summit of Public Development Banks, to be held in Paris in November 2020, is of increased relevance in this context. By gathering, for the first time, public development banks from around the world, this Summit will provide an opportunity to form a new coalition of actors and launch a collective dynamic aimed at fostering coordinated responses to global issues. The Summit will also demonstrate the potential of development banks in redirecting all financial flows towards sustainable development objectives and to contribute to protecting nature and strengthening the resilience of societies.

Rémy Rioux, IDFC Chairperson and Agence Française de Développement (French Development Agency – AFD) said: “In the fight against Covid-19, IDFC stands out as a strong network of leading national and regional development banks well equipped to not only finance health systems and infrastructures, but also address the social and economic recovery efforts in a sustainable and resilient manner. IDFC members are collectively mobilizing their financial capacity and expertise to provide an immediate response to the short-term challenges as well as to prepare for a post-COVID-19 world that will require a long-awaited paradigm shift. In this respect, the first ever global Summit of Public Development Banks to be held in November will provide a unique opportunity to foster our contribution to the 2030 Agenda and the Paris Agreement with the aim of redirecting financial flows towards sustainable development investments that can enduringly protect the people as well as the planet.”

 

About IDFC

The International Development Finance Club (IDFC), created in 2011, is the leading group of 26 national and regional development banks from all over the world, a majority active in emerging markets. IDFC is the largest provider of public development and climate finance globally, with US$ 4 trillion in combined assets and annual commitments above US$ 600 billion, including US$ 150 billion per year of climate finance. IDFC members have the unique function of supporting domestic policies while transferring international priorities into their own constituencies. IDFC members are aligned with and work together to implement the Sustainable Development Goals (SDGs) and the Paris Climate Agreement agendas. Through IDFC, and in close partnership with other development bank networks, members join forces as a platform to promote and leverage sustainable development investment worldwide. IDFC is chaired since October 2017 by the Agence Française de Développement (French Development Agency) where the IDFC Secretariat is hosted in Paris, France.  To learn more about IDFC please visit our website or follow us on Twitter & Linked in:

 

Press contacts:

For IDFC: Sabrina Hadjadj Aoul – hadjadjs@afd.fr – +33 6 26 87 91 80

 

For further information please download Press Release here.

PSBB to Reduce the Spread of COVID-19 in Indonesia

What is PSBB?

Large-scale Social Restrictions (PSBB) are certain activities of residents in an area suspected of being infected by Coronavirus Disease 2019 (COVID-19) in such a way as to prevent possible spread.

Based on the Government Regulation of the Republic of Indonesia No. 21 of 2020, PSBB is conducted during the longest incubation period of 14 days. If there is still evidence of the spread of a new case, it can be extended within 14 days from the discovery of the last case.

Local Governments must obtain approval from the Minister of Health to carry out PSBB in their respective regions. As of April 14, 2020, the following Regional Governments have been approved by the Minister of Health to conduct PSBB:

  1. DKI Jakarta Province (starting 10 April 2020)
  2. Bogor City, Bogor Regency, Bekasi City, Bekasi Regency and Depok City (starting 15 April 2020)
  3. Tangerang City, Tangerang Regency, and Tangerang Selatan City (starting 18 April 2020)

 

Limitation of activities on PSBB

  1. Close schools and workplaces
    Office activities were stopped, except for the health sector, food, energy, communication, finance and banking, logistics, daily necessities, and strategic industries.
  2. Restrictions on religious activities
  3. Limitation of activities in public places/facilities
    A crowd of more than 5 people is prohibited.
  4. Limitation of social and cultural activities
  5. Limitation of transportation modes
    Maximum number of passengers is 50 percent of vehicle capacity. The operational hours of public transportation on the route and infrastructure are limited from 6:00 to 18:00.
  6. Limitation of other activities specifically related to defense and security aspects
    Except in the context of upholding the country’s sovereignty, maintaining territorial integrity, and protecting the Indonesian people from threats and harassment.

 

PSBB Social Safety Net

The government has prepared a Social Safety Net program for small-income people affected by the PSBB policy in order to break the chain of COVID-19 distribution. Assistance with the Social Safety Net program includes:

  1. Family Hope Program (PKH)
  2. Cash Intensive Work (PKT)
  3. Basic Food Cards
  4. Job Cards
  5. Electricity subsidies
  6. Direct Cash Assistance (BLT)
  7. Special Social Aid Jabodetabek Region

Kartu Prakerja, Assistance Program to Relieve the Impact of COVID-19

In order to mitigate the impact of COVID-19 pandemic that was felt for those who lost their jobs or their incomes dropped, the Government of the Republic of Indonesia raised the budget of Kartu Prakerja in the APBN which was originally Rp10 trillion to Rp20 trillion. Kartu Prakerja Program will open registration with a quota of 164 thousand people per week, to target around 5.6 million registrants during 2020.

Kartu Prakerja Program is a competency development and productivity improvement program through the assistance of training costs provided to all Indonesian citizens aged 18 years and over and not in school/college and those directly affected by COVID-19.

The assistance received in this program is Rp3.55 million consisting of Rp1 million in training costs, Rp600 thousand of post-training incentives for 4 months (Rp2.4 million), and Rp50 thousand  in employment survey incentives in 3 times (Rp150 thousand).

The types of training that can be taken in Kartu Prakerja Program in COVID-19 pandemic are online. Digital platforms that have collaborated with Kartu Prakerja Program to date include: Tokopedia, Bukalapak, Skill Academy by Ruangguru, MauBelajarApa, HarukaEdu, PijarMahir, Sekolah.mu and Sisnaker by Ministry of Manpower.

For #SahabatInfra who wish to register for Kartu Prakerja Program, can directly visit the official website at https://www.prakerja.go.id to register by preparing information such as personal data, NIK, cellphone number, e-mail and so on. According to a press release posted on their website, registration will begin on Saturday, April 11, 2020.

The Appointment of the New Member of the Board of Directors of PT Sarana Multi Infrastruktur (Persero) on March 23, 2020

Minister of Finance of the Republic of Indonesia (“Minister”) as the General Meeting of Shareholders of PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) through a Minister of Finance of the Republic of Indonesia Decree No. 126/KMK.06/2020 dated March 23, 2020 on the Appointment of the Member of the Board of Directors of the Company (Persero) PT Sarana Multi Infrastruktur (“Minister Decree”) stipulates as follows:

To appoint Ms. Sylvi J. Gani as the member of the Board of Directors of PT SMI with a term of 5 (five) years, starting effective as of the issuance of the respective Minister Decree.

Therefore, the composition of the member of the Board of Directors of PT SMI shall be as follows:

Edwin Syahruzad
President Director

Sylvi J. Gani
Director

Darwin Trisna Djajawinata
Director

Mohammad Ghozie Indra Dalel
Director

Faaris Pranawa
Director

 

For further information:

Ramona Harimurti
Head of Corporate Secretary

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

 

The profile of the Board of Directors of PT SMI can be seen on Board of Directors page.

The Appointment of the Acting Official of President Commissioner of PT Sarana Multi Infrastruktur (Persero) (“PT SMI” or the “Company”) on March 17, 2020

Minister of Finance of the Republic of Indonesia (“Minister”) as the General Meeting of Shareholders of PT SMI through a Minister of Finance of the Republic of Indonesia Decree No. 120/KMK.06/2020 dated March 17, 2020 on the Appointment of the Acting Official of President Commissioner of PT SMI (“Minister Decree”) stipulates as follows:

  1. To appoint Mr. Sukatmo Padmosukarso as the Acting Official of President Commissioner
  2. To resolve the terms of office of Mr. Sukatmo Padmosukarso as the Acting Official of President Commissioner effective as of the issuance of the respective Minister Decree until the appointment of the definitive President Commissioner of the Company by the General Meeting of Shareholders
  3. To grant obligations, duties, power and authority to Mr. Sukatmo Padmosukarso as the Acting Official of President Commissioner to carry out his duties in accordance with the provisions of the Company’s Articles of Association until the appointment of the definitive President Commissioner

Therefore, the composition of the member of the Board of Commissioners of PT SMI shall be as follows:

Sukatmo Padmosukarso
Acting Official of President Commissioner

Sukatmo Padmosukarso
Independent Commissioner

Suryo Utomo
Commissioner

Kunta Wibawa Dasa Nugraha
Commissioner

Message from the Minister of Finance at PT SMI 11th Anniversary: Solutive and brave to prepare infrastructure projects

Minister of Finance Sri Mulyani Indrawati asked PT Sarana Multi Infrastruktur Persero (PT SMI) to use its experience to diagnose and provide solutions to the needs or lack of infrastructure financing in this country. This was conveyed at the 11th anniversary of PT SMI at the Sahid Sudirman Center Jakarta.

“I want PT SMI with 11 years of experience to continue diagnosing those needs, the deficiencies, and how you are the one that provides solutions, from financing, technical assistant, until you prepare for projects for them,” said the Minister.

Furthermore, Minister of Finance asked PT SMI to think in a macro manner by analyzing the state budget. The Minister of Finance compares the results issued when channeling the same budget to PT SMI with the Ministry/Institution (K/L).

“I want PT SMI to make high benchmarks because later I can tell the other ministers, if I put it in PT SMI 1 trillion, it turns out that it can produce faster, better, and safer and even the money goes back to me, “Said the Minister of Finance.

Furthermore, the Minister hopes that instrument innovation will continue to be carried out, both conventional and Islamic, because the need for more infrastructure financing. In addition, PT SMI is also expected to take risks if there is a Regional Government (Pemda) that reforms minded but the project is on the border.

“Don’t let you find any good project, but because you don’t dare to take it because the gap is too big then he doesn’t work,” he ordered.

Finally, the Minister of Finance wants PT SMI’s employees to remain enthusiastic, confident that they have done good for the country, and continue to strengthen their reputation so that PT SMI can become an international landscape.

Meanwhile, PT SMI Director Edwin Syahruzad on the occasion revealed the performance of PT SMI for eleven years which was considered positive. Finally, PT SMI provided loans in the form of a standby facility amounting to IDR 150 billion to PT Semesta Marga Raya (SMR), the Kanci-Pejagan toll road concession holder.

Want SMI to have high standards, Sri Mulyani: I can say to other ministers

Minister of Finance Sri Mulyani asked PT Sarana Multi Infrastruktur (SMI) to be able to continue to diagnose needs and provide solutions to the needs or lack of infrastructure financing in this country.

SMI is a company engaged in infrastructure financing and is a State-Owned Enterprise (BUMN) whose entire capital stock is owned by the Unitary State of the Republic of Indonesia through the Ministry of Finance.

“I want SMI to set high standards so that I can later tell other ministers, if I put the funds in PT SMI Rp1 trillion it turns out that it can produce faster, better, and safer and even the money returns to me,” Sri Mulyani said while attending the 11th SMI celebration as quoted by the official Instagram account of Sri Mulyani @smindrawati, Jakarta, Sunday (1/3/2020).

Sri Mulyani added, for that PT SMI must continue to innovate on all instruments to accelerate Indonesia’s development.

“To the employees of PT SMI, I conveyed that I should remain motivated, believe that I have done good for the country, and continue to strengthen its reputation so that PT SMI can become an international landscape,” Sri Mulyani said.

Source: okezone.com