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News Updates

IIF Supports Electrical Transformation in East Kalimantan

Posted on October 23, 2023October 23, 2023 by adminiif

Jakarta, 12 October 2023 – The future of energy in Indonesia is brighter as PT Perusahaan Listrik Negara (“PLN”), is a key player in the nation’s quest for electrical self-sufficiency. In East Kalimantan, PLN is laying the groundwork for the remarkable Tanjung Batu Steam Gas Power Plant (“PLTGU”) – a leap forward in the drive for National Electricity Independence.

Testament to their commitment, PLN has entrusted PT National Energy Solutions (NES), a powerhouse in Engineering, Procurement, and Construction (EPC) in the energy sector, to lead in enhancing the Tanjung Batu PLTGU’s electricity distribution capabilities. NES is embarking on a mission to construct a cutting-edge gas pipeline, replacing the traditional diesel fuel that once fueled the power plant.

PT Indonesia Infrastructure Finance (“IIF”), a non-bank financial institution with a focus on the contribution of sustainable infrastructure including, renewable energy facilities, is set to play a pivotal role in the PLTGU, extending a substantial IDR50 billion loan facility to drive this electrifying transformation.

On Thursday, the 12th of October 2023, the signing ceremony took place at the IIF office Jakarta. This collaboration between IIF and NES not only marks a profound commitment to enhancing East Kalimantan’s electrical landscape but also a resounding step towards minimizing the nation’s reliance on fossil fuels for energy production.

Reynaldi Hermansjah, the President Director of IIF, expressed his support for infrastructure projects that benefit communities while prioritizing environmental sustainability. “With our expertise in the implementation ESG)principles, we embrace the initiatives led by NES. Their dedication ensures that electrical energy reaches the homes of countless communities,” Reynaldi stated.


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