">Jakarta, 13 May 2024 – In early April 2024, PT Indonesia Infrastructure Finance (“IIF”) and PT Sumber Aneka Gas (“SAG”) signed a senior term facility financing agreement worth Rp700 billion for the construction of a Liquefied Natural Gas (LNG) plant in Tuban, East Java.
The signing ceremony was attended by Reynaldi Hermansjah, President Director of IIF, and Agustus Sani Nugroho, President Director of SAG, witnessed by M. Ramadhan Harahap, Director of Investments of IIF, and RhezaSusanto, President Commissioner of SAG.
This LNG project marks the first of its kind on the island of Java, aligning with the Indonesian government’s program to expand the use of small-scale LNG to meet domestic demand and reduce LPG imports.
On the same occasion, Reynaldi Hermansjahstated, “This project demonstrates IIF’s commitment to supporting infrastructure development in Indonesia. This collaboration represents a significant step towards achieving the nation’s energy transition goals and increasing domestic gas production targets within the national energy mix.
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 – 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 Division
PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 506;
E-mail: [email protected]
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