Month: July 2023

Jakarta, 27 July 2023 – The Ministry of Energy and Mineral Resources, in partnership with the Institute for Essential Services Reform, sponsored the Indonesia Solar Summit (“Summit”) for the second time since 2022 to assist the acceleration of Indonesia’s energy transition. The Summit’s target is to enhance the support for Indonesia’s energy transition path by strengthening its commitment and connecting all key stakeholders in the solar energy sector.

There were four panel discussions on Wednesday, 26 July 2023. PT Indonesia Infrastructure Finance (“IIF”) was given the opportunity to become one of keynote speaker representing the finance sector, providing essential role in supporting the Government’s decarbonization initiatives.

Anton B. Simatupang, Head of Investment Division, represented IIF in this conference. Anton demonstrated in his presentation the added value that IIF has in financing initiatives – strategic projects. “In addition to promoting the ESG principle in project financing, we have a tailor-made financing business model which enables us to provide long-term financing facilities to debtors,” Anton explained.

He also stated that IIF has extensive expertise providing finance for renewable energy projects in Indonesia. “We have an excellent track record of accelerating the development of renewable energy infrastructure, inclusive of solar projects. “The range of renewable project areas that we have financed spread from West to East Indonesia, and all have been operating and contributing to the distribution of electricity for the society,” Anton stated.

The Company has been contributing to an equal distribution of electrical supply in the Gorontalo and East Nusa Tenggara regions through financing in the solar sector. The  electricity capacity distributed to the community reaching 2 Megawatt and 5 Megawatt, respectively.

As a non-bank financial company, IIF is committed to working an active role in promoting the implementation of renewable energy in Indonesia by investing in projects that are environmentally friendly and advantageous for society.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]

Jakarta, 6 November 2023 – As an institution that upholds best practices of Good Corporate Governance (“GCG”), IIF annually provides Company performance in economic, environment, and social packaged in a Sustainability Report. IIF Sustainability Report is subsequently submitted for consideration in Asia Sustainability Reporting Rating (“ASSRAT”) 2023.

This annual event was held on Monday, 6 November 2023 at Raffles Hotel Jakarta, attended by companies from domestic and international entities, nominated to receive the awards. This year marks the third consecutive year for IIF participation in the event where IIF have been awarded with the ‘Gold Rank’.

The Gold Rank awarded is the result of IIF’s Sustainability Report that has met the criteria of SEOJK 16/2021 and the fulfilment of the GRI index standard which represents global best practices in reporting various aspects including economic, environmental, and social to public.

Reynaldi Hermansjah, Chief Executive Officer of IIF accompanied by IIF Sustainability Finance Work Group team attended the event to receive the award. In that occasion, Reynaldi mentioned the Company’s commitment to adopt best practices on running its business.

“The ranking we received is a testament to IIF commitment in prioritizing GCG in every business activity, including the implementation of the exceptional reporting governance to the public” Reynaldi conveyed.

Jakarta, 20 July 2023 – PT Indonesia Infrastructure Finance (“IIF”) officially signed a cooperation agreement with PT Arkora Hydro Tbk (“Arkora”) in terms of providing Guarantee Facilities for Environmentally Friendly Bonds (“Green Bond”) issued by Arkora, On Thursday, 20 July, 2023, at IIF Head Office. The facility was a Credit Enhancement, one of the most recent product designed for borrowers operational financing needs.

IIF provided the facility in the form of a Partial Guarantee Facility amounting to IDR286,100,000,000, which Arkora intends to utilize in order to fulfill the guarantee requirements for the issued Green Bonds. In this regard, IIF fully supports this corporate action as part of its commitment to involve community participation in the scope of Indonesia’s Green Economy through Investment Instruments.

Reynaldi Hermansjah, President Director of IIF, pointed out in a written statement that IIF always supports all projects and activities from its clients that comply to the ESG standards. “Arkora’s initiative in involving the community at large to participate in supporting the green industry through investment instruments deserves to be appreciated. IIF always supports projects that implement and comply to ESG principles, which are definitely more valuable to society,” he said.

On the same occasion, Aldo Artoko as Arkora’s President Director, expressed his gratitude to IIF for its previous supports. “We appreciate your assistance and knowledge in implementing ESG principles into all of our projects. We hope that Arkora and IIF will continue collaborating to promote and expand Environmentally Friendly Business Activities“, Aldo stated.

IIF considers that its responsibility as a financial institution to increase public interest in Green Economy. The Company believes by assisting in the issuance of this type of bonds, might be contributed to the growth and further development of investment instruments in the Indonesian Capital Market.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]

Jakarta, 13 July 2023 – As a financial institution that supports the acceleration of Indonesia’s energy transformation, PT Indonesia Infrastructure Finance (“IIF”) was chosen by the Indonesian Renewable Energy Society (“METI”) to be one of the speakers at their annual Energy Conservation Exhibition, specifically for the plenary session regarding “Energy Transition Pathways for Indonesia” on Wednesday, 12 July 2023 at ICE BSD, Tangerang.

Mr. Reynaldi Hermansjah, President Director of IIF, represented the financial sector at the conference, as did Mr. Pradana Murti, Risk Management Director of PT Sarana Multi Infrastruktur (Persero). To complete the panel, Mr. Hilmi Panigoro, President Director of Medco Energi Internasional, Ms. Shinta Kamdani, Deputy Chair of the Indonesian Chamber of Commerce (“KADIN”), and Mr. Sugeng Suparwoto, Chair of Commission VII DPR RI, was present for a comprehensive session.

Ms. Sri Mulyani, the Minister of Finance of the Republic of Indonesia, had the opportunity to deliver a keynote speech prior to the opening of the discussion. She shared that Indonesia is currently facing a difficulty in terms of the growing power generation capacity without worsening CO2 emissions; “the only solution is, of course, renewable energy, that’s the only way,” she stated.

Renewable energy, often known as (“EBT”) is currently a very hot topic in discussions among stakeholders from numerous industries. Through the current net zero roadmap, the Indonesian government has set a net zero carbon ambition for the year 2060, of which Indonesia is expected to produce energy with carbon emissions that does not exceed the amount of emissions that can be absorbed by earth.

As a non-bank financial institution, IIF has actively encouraged the implementation of renewable energy by investing in projects that are environmentally friendly that can be beneficial for the community as a whole. In his presentation, Reynaldi Hermansjah stated that IIF has extensive expertise financing renewable energy projects. “We have experience supporting and encouraging renewable energy for infrastructure development.” Throughout Indonesia, we have funded a wide range of project areas. “In total, 17 projects have been operational and have contributed to the distribution of electric power to the community,” Reynaldi explained.

Collaboration and synergy among stakeholders is critical in overcoming implementation issues and securing finance for renewable energy, infrastructure projects. This collaboration is expected to expand the accessibility to finance, optimize resource usage, increase efficiency, and accelerate financial investment in the renewable energy sector in Indonesia.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]