PT SMI and UNOPS ETP Collaborate to Drive the Energy Transition in Indonesia

Dubai, 5 December 2023 — PT Sarana Multi Infrastruktur (“PT SMI”) (Persero) and the United Nations Office for Project Services (UNOPS) Southeast Asia Energy Transition Partnership (ETP) signed a Cooperation Agreement to accelerate the energy transition in Indonesia. The agreement was signed by the President Director of PT SMI, Edwin Syahruzad, and the Director of ETP, Philip Rose, on the sidelines of COP 28 in Dubai, United Arab Emirates. This collaboration is a historical milestone to pave the way for a comprehensive partnership in achieving an emissions-free future in Indonesia.

PT SMI as a Special Mission Vehicle under the auspices of the Ministry of Finance of the Republic of Indonesia, continues to strive to collaborate with various parties in terms of accelerating the energy transition. "With this strategic partnership, we will leverage the collective strength of our corporations to accelerate the transition to a more sustainable and resilient energy future in Indonesia. PT SMI welcomes collaboration with ETP in driving positive change in the energy sector in Indonesia," said Edwin.

Through this partnership, ETP and PT SMI are committed to developing the energy transition and its financing in Indonesia, which will involve government institutions, industry and global investors. This collaboration will include joint research activities, focused on the energy transition and its financial aspects, with the aim of providing insight and knowledge to drive innovative solutions. In addition, both parties will facilitate dialogue in various forums, conferences and seminars, and ensure the exchange of ideas on strategic policies. PT SMI and ETP will also act as intermediaries to facilitate investment in green infrastructure, identify energy transition mechanisms, and provide project preparation facilities to increase the readiness of energy transition projects and their financing aspects in Indonesia.

ETP Director, Philip Rose, stated, "This partnership signifies a joint commitment to overcome the challenges of the energy transition in Indonesia. Together with PT SMI, as Manager of the Energy Transition Mechanism Platform, we hope to provide support that has a positive impact in producing innovative solutions for the energy transition in Indonesia." This collaboration is proof of the commitment of both organizations to bring positive change to Indonesia's energy landscape, advancing an emissions-free, sustainable and resilient future.

- End -

About Southeast Asia Energy Transition Partnership (ETP)

The Southeast Asia Energy Transition Partnership (ETP) is a multi-donor partnership formed by government and philanthropic partners to accelerate the sustainable energy transition in Southeast Asia in line with the Paris Agreement and the Sustainable Development Goals. ETP brings together the public and private sectors with the UN to help mobilize and coordinate technical and financial resources to build the foundation for renewable energy, energy efficiency, and resilient sustainable infrastructure. ETP empowers its partner countries – Indonesia, Vietnam and the Philippines to transition towards a sustainable energy system, generating economic growth and ensuring energy security. Read more: www.energytransitionpartnership.org

About PT Sarana Multi Infrastruktur (Persero)

PT Sarana Multi Infrastruktur (Persero) ("PT SMI") which was founded on February 26 2009 is a State-Owned Enterprise under the coordination of the Ministry of Finance in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as a catalyst for accelerating national development.

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

PT SMI has three business pillars, namely (1) Financing and Investment, namely financing infrastructure projects, (2) Consulting Services, namely solutions to the needs of professional staff and experts in the infrastructure sector and (3) Project Development, namely assisting the Person in Charge of Cooperation Projects (PJPK) to prepare infrastructure projects.

For all media inquiries, please contact:

Udani Sheshadri Kottearachchi, Senior Communication Officer, Southeast Asia Energy Transition Partnership, United Nations Office for Project Services, udanik@unops.org

Ramona Harimurti, Head of Corporate Secretary, PT Sarana Multi Infrastruktur (Persero), corporatesecretary@ptsmi.co.id