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.
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061