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News Updates 29 December 2021
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Nusantara Infrastructure Subsidiary Receives IDR 375 Billion Financing from SMI

PT Inpola Meka Energi (IME), a subsidiary of PT Nusantara Infrastructure Tbk, as the operator and manager of the Lau Gunung Hydroelectric Power Plant (PLTA) received support for financing facilities.

The financing is based on sharia principles with the Musyarakah Mutanaqisah (MMQ) financing scheme from PT Sarana Multi Infrastruktur (Persero) (SMI) amounting to Rp 375 billion.

SMI is a State-Owned Enterprise (BUMN) which is engaged in infrastructure financing whose entire capital is owned by the Republic of Indonesia under the Ministry of Finance.

The signing was carried out by the Directors of IME and SMI on December 7, 2021 at the SMI Office.

President Director of PT Inpola Meka Energi (IME) Hartawan Indriadi said this financing facility was intended to strengthen the company's financial side in terms of business development in the renewable energy sector.

The company manages the Lau Gunung Hydroelectric Power Plant (PLTA) located in Lau Gunung Village, Tanah Pinem District, North Sumatra with a total capacity of 15 megawatts.

"With the new financing support from SMI, it is hoped that the performance of the power plant can continue to increase and work efficiently," Hartawan said in his statement, Wednesday (12/28/2021).

This financing facility has a term of 9 years with PT Bank Syariah Indonesia as the escrow agent.

Since the Commercial Operating Date (COD) officially started operating on December 16, 2020, the sales of the Lau Gunung hydroelectric power plant reached an average of 5 megawatts per hour in the initial period of operation and is expected to reach an average of 9 megawatts per hour in December 2021.

The Lau Gunung hydropower plant serves around 10,000 people in the Dairi and Karo regencies through the PLN electricity network.

The existence of the Lau Gunung hydropower plant is able to support various daily activities of the community in terms of education, economy, industry and other activities through the distribution of electricity to various places in North Sumatra.

In addition, the electricity generated by the Lau Gunung hydropower plant is also expected to strengthen the electricity interconnection system in the North Sumatra Region and primarily support the central government's program to increase the use of renewable energy and reduce carbon emissions.

Meanwhile, President Director of PT Nusantara Infrastructure Tbk Ramdani Basri hopes that in the near future PLN can realize the signing of an increase in the electricity purchase agreement with IME to 15 megawatts.

Furthermore, the company will make additional investments for the development of a 150 kilovolt transmission for the Lau Gunung hydropower plant.

"This is a real step for PT Nusantara Infrastructure Tbk together with SMI and PLN in realizing efforts to reduce carbon emissions through the use of renewable energy resources," said Ramdani.

 

Source: kompas.com

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