IIF Receives “AAA(idn)” from Fitch Ratings

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Jakarta, 31 January 2025 – PT Indonesia Infrastructure Finance (IIF) has been assigned National Long-Term Rating of ‘AAA(idn)’ with a stable outlook , a testament to its strong financial standing. Furthermore, Fitch has awarded IIF an International Long-Term Foreign & Local Currency Rating of ‘BBB’.

The ‘AAA(idn)’ National Rating is the highest achievable rating on Fitch’s National Rating scale for Indonesia. This indicates the lowest expected default risk compared to other entities. It signifies IIF’s exceptional ability to meet its financial obligations in a timely manner relative to other entities within the same country or monetary union area, based on Fitch’s National Rating scale.

Fitch views IIF as a critically important entity for the Indonesian government, particularly in supporting infrastructure development. Consequently, Fitch is confident that, if necessary, the Indonesian government would provide full support to IIF, resulting in IIF’s credit rating being aligned with that of the Indonesian sovereign.

Interim Chief Executive Officer/ Chief Financial Officer IIF, Rizki Pribadi Hasan, highlighted that these ratings reflect IIF’s pivotal role as a catalyst for sustainable infrastructure development. “Since IIF establishment in 2010 up until 2024, IIF has executed over 150 infrastructure financing commitments, amounting to IDR42.5 trillion. Additionally, IIF successfully issued the Indonesia Infrastructure Finance Green Perpetual Notes 2023 with a total issuance value of IDR335.19 billion on 10 January 2024.”

Rizki further emphasized that infrastructure development involves more than just financial considerations; it also encompasses social and environmental impacts. To address this, IIF has adopted international best practices in credit management, risk management, and all aspects of corporate governance, as well as social and environmental safeguards, to ensure the sustainability of infrastructure development 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 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

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 Division

PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

Contributing to Sustainable Infrastructure Development, IIF Participated in various Infrastructure Projects in 2024

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Jakarta, 30 January 2025 – PT Indonesia Infrastructure Finance (IIF) remains committed to supporting sustainable infrastructure development in Indonesia. Since its establishment in 2010, IIF has contributed to providing financing in various sustainable infrastructure sectors in Indonesia.

Rizki Pribadi Hasan, Interim Chief Executive Officer/Chief Financial Officer of IIF, stated, “infrastructure development will have a significant impact on social, environmental, and economic aspects. The benefits we seek are that with better infrastructure, productive sectors can grow and contribute to national economic growth.”

In the past year, IIF participated in the Cimanggis-Cibitung Toll Road construction project as part of the Jakarta Outer Ring Road (JORR) 2 and became one of the National Strategic Projects. The toll road development is intended to support the operation of JORR 2 and improve accessibility, travel cost efficiency, and reduce congestion between cities with high mobility, especially in the Jabodetabek area.

In 2024, IIF also signed a financing agreement for the development of a Hotel, Convention Center, and basic infrastructure in the Sanur Special Economic Zone, Bali which is intended for the development of health and hospitality services.

From the renewable energy sector, in December 2024, IIF signed a financing agreement for the 3×2 Megawatt (MW) Mini Hydro Power Plant (PLTMH) project in the Kaur Regency, Bengkulu region.

These projects are just a few examples of the many sustainable infrastructure development projects financed by IIF in the past year. In the future, IIF hopes to continue to contribute to accelerating the development of quality and sustainable infrastructure 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 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

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 Division

PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

 

Supporting Development of Renewable Energy Projects, IIF Establishes Synergy with PT Brantas Adya Surya Energi

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Jakarta, 23 January 2025 – To support the development of renewable energy project in Indonesia, PT Indonesia Infrastructure Finance (IIF) together with PT Brantas Adya Surya Energi (subsidiary of Brantas Abipraya) signed a senior term loan facility agreement worth USD 2,130,000 to support the acquisition of a 3×2 Megawatt Mini Hydro Power Plant (MHPP) located in Kaur Regency, Bengkulu Province. The signing was done by the Interim Chief Executive Officer / Chief Financial Officer of IIF, Rizki Pribadi Hasan and Fajareza Rizkyawan, President Director of PT Brantas Adya Surya Energi.

PT Brantas Adya Surya Energi is committed to develop the renewable energy sector in its operations, including overseeing the power generation sector spread throughout Indonesia which was previously managed under PT Brantas Energi.

Prior to this MHPP project acquisition, IIF has acted as a creditor to PT Brantas Adya Surya Energi by providing financing for the development of 2 MWp Gorontalo Solar Power Plant project back in 19 February 2016.

Rizki stated, “The construction of the MHPP is the right solution to meet the growing electricity needs in Kaur Regency. Through this project, IIF not only contributes to increasing the supply of clean energy but also supports local economic growth and community welfare”

As of 2024, IIF has contributed to the development of renewable energy infrastructure through power plants with a total installed capacity of 693.9 MW. These power plants have reduced GHG emissions by 419,3373.77 tons of CO2e, equivalent to planting 147,135 trees. The electricity generated also contributes to serving more than 637 thousand households, or the equivalent of 2.8 million people.

According to data from the Ministry of Energy and Mineral Resources (ESDM), in 2023, the average electricity consumption per person in Indonesia reached 1,285 kWh/capita. This figure increased from 1,173 kWh/capita in 2022.

IIF’s efforts to support the development of renewable energy in Indonesia are crucial. By supporting the development of PLTMH, IIF is contributing to a sustainable and environmentally friendly energy transitionPT 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 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

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 Division

PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

15 Years of Impact: IIF’s Contribution to Indonesia’s Sustainable Infrastructure

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Jakarta, 15 January 2025 – Over the past decade, Indonesia has embarked on ambitious infrastructure projects to strengthen connectivity and support inclusive and sustainable economic transformation. The government has constructed 2,103 km of toll roads, 40 dams, 27 new airports, and other large-scale projects such as railways and the new capital city, Nusantara. Additionally, connectivity between regions has been enhanced through the development of the Trans-Papua, Trans-Kalimantan, and Trans-Sumatra corridors, aiming to connect previously isolated areas.

These infrastructure projects have been undertaken not only by the government but also through public-private partnerships (PPPs), one of which involves PT Indonesia Infrastructure Finance (IIF).

For 15 years, IIF has been mandated as a key catalyst in Indonesia’s infrastructure development. As an infrastructure financing institution, IIF has played a significant role in providing funding for strategic projects that support economic growth and improve people’s quality of life.

Rizki Pribadi Hasan, Interim Chief Executive Officer/Chief Financial Officer of IIF, stated, “Since the start of IIF until the end of 2024, IIF has provided financing to more than 150 infrastructure projects across various sectors with a total commitment value of Rp42,5 trillion. The infrastructure projects we finance have undergone a series of evaluations and assessments in terms of social and environmental impacts”, said Rizki.

For example, IIF has financed the construction of power plants with a capacity of 693.9 MV, capable of reducing GHG emissions by 419.33 tons of CO2e, equivalent to planting 147,135 trees and serving 637,644 households or approximately 2.8 million people. IIF has also financed the construction and operation of 419.13 km of toll roads, reducing travel time by up to 37.37 minutes.

In the water sector, IIF has financed the development of water supply systems with a capacity of 27,501 liters per second, serving 1.38 million households or approximately 6.78 million people, and has also financed the construction of airports with a capacity of 600 flight routes, capable of serving more than 700,000 passengers per day.

Following to its dedication just like in previous years, IIF received several national and international awards in 2024, such as the CorporateTreasurer Awards 2024 for Best ESG Service Provider and Best ESG Initiative, the Asia Sustainability Report Rating (ASRRAT) 2024 with a Gold Rank, and the ESG Awards 2024 by Kehati in the category of Best Investor/Debt Financing.

Indonesia’s infrastructure development has made significant progress. Large-scale projects such as toll roads, airports, and ports demonstrate the government’s commitment to building a more connected and inclusive nation. With hope that IIF’s contribution can unlock the potential for economic growth, reduce social inequality, and enhance Indonesia’s competitiveness in the global 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 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

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 Division

PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF and PT Surveyor Indonesia Partner to Strengthen ESG Advisory Services

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Jakarta, 7 January 2025 – PT Indonesia Infrastructure Finance (IIF) has entered into a collaboration with PT Surveyor Indonesia (SI) for Environment, Social, and Governance (ESG) Advisory services and Sustainable Financing. The cooperation agreement was signed by Irman Boyle, IIF’s Head of Advisory Group, and Winda Ary Susanti, VP of DBS Sustainability and Environment of SI.

Interim Chief Executive Officer/Chief Financial Officer of IIF, Rizki Pribadi Hasan, stated, “This cooperation aims to enhance the collaboration between IIF and SI in the provision of ESG Advisory services and sustainable financing for selected projects. SI will contribute technical services such as survey, assurance, certification, and compliance services, while IIF will contribute financial and commercial advisory services, including project preparation, financing strategy development, and financial assessment.”

Finance and Risk Management Director PT Surveyor Indonesia, Wahyu Witjaksono stated, “This partnership signing represents our collaborative commitment to support and drive infrastructure development that fulfills enhanced environmental, social, and governance requirements.”

As part of its ESG advisory services, IIF is capable of helping clients assess, plan and implement Sustainable Financing aspects. This includes Long Term Sustainable Project/Business Plan, Sustainable Funding Plan, Funding Information Memo and Sustainable Economic/Financial Assessment.

The collaboration with Surveyor Indonesia is expected to add value by providing comprehensive solutions for sustainable infrastructure projects to our clients.

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 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

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 Division
PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance