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Events 17 November 2022
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Synergy of PT SMI and IsDB Supports the Energy Transition in Indonesia

The Islamic Development Bank (IsDB) is also supporting the energy transition, especially in terms of financing for infrastructure projects. This was realized through the signing of a Cooperation Agreement between PT SMI and IsDB to support infrastructure project financing, particularly those related to the energy transition and renewable energy in Indonesia. This signing was carried out by the President Director of PT SMI - Edwin Syahruzad and President of IsDB - Dr. Muhammad Al Jasser in Bali on (14/11) along with a series of G20 activities. This collaboration is expected to be a concrete step in supporting the achievement of Net Zero Emissions (NZE) in 2060.

Cooperation between PT SMI and IsDB is also not the first time. Previously, PT SMI and IsDB had collaborated in supporting the development of sharia-themed national strategic projects. In the future, it is hoped that this will also strengthen PT SMI's steps to continue to receive support from international financial organizations in implementing the energy transition.

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