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Acceleration of Renewable Energy Project in Indonesia: IIF Financing PT Ananta Surya Kencana Amounting to IDR 250 Billion

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Jakarta, 17 October 2023 – PT Indonesia Infrastructure Finance (“IIF”) reaffirms commitment to advancing sustainable practices and fostering Net Zero Emissions in Indonesia. Over the years, IIF secured a total of 18 (eighteen) funding for the renewable energy, spanning various types, including Mini Hydro, Wind and Solar Power Plants.

One of the 18 number of funding for renewable energy financed by IIF is a Solar Power Plant operated by PT Ananta Surya Kencana (“ASK”). As a part of IIF support in the development of renewable energy, IIF has extended its funding to ASK through a senior term loan facility totaling IDR 250 billion.

The signing ceremony took place on Friday, 13 October 2023, at IIF Office in Jakarta, and was attended by Reynaldi Hermansjah, President Director of IIF, accompanied by Y. Bayu Wirawan, Chief Investment Officer of IIF, and other members of the IIF team. Along with Ari Takarianto, President Director of ASK, Lasman Citra, Commissioner of ASK, and the ASK team.

During the signing, Reynaldi Hermansjah, President Director of IIF, conveyed the organization’s steadfast commitment to supporting infrastructure initiatives, especially those projects that bring substantial benefits to the community while adhering to ESG (Environmental, Social, and Governance) principles.

“We appreciate ASK’s initiative to enhance public electricity distribution without compromising our environment. We support projects that prioritize societal well-being while adhering to S&E principles. This financing exemplifies our dedication to renewable energy and striving for Net Zero Emissions,” stated Reynaldi.

President Director of ASK, Ari Takarianto, explained that the funds received by IIF loan facility will be utilized to develop solar power plant projects in Indonesia.

“ASK’s collaboration with IIF is a significant milestone for ASK, particularly in accelerating the utilization of solar power plants for the energy transition towards Net Zero Emission. The funding support from IIF, amounting to IDR 250,000,000,000 (two hundred and fifty billion rupiah), will be used for the development of Solar Power Plant (PLTS) projects, especially in the commercial and industrial sectors,” said Ari.