August 2021 – Asian market has long been drawing the presence of sizable multinational companies and global investors. Being the largest and most populous continent on earth, Asia provides an abundance of opportunities and support for the business ecosystem. Accordingly, Asia requires a massive infrastructure investment within sustainable framework. One of the growing sustainable infrastructure sectors nowadays is renewable energy where the support of PT Indonesia Infrastructure Finance (‘IIF’) has been proven by spotlighting this sector as one of the significant portions of its portfolio.

In July 2021, a Hong Kong-based multi-media company, Asset Publishing and Research Ltd. (“The Asset”) held the annual prestigious award, namely The Asset Triple A Awards. It has awarded IIF for its two renewable energy projects. Those projects are the Wind Power project in South Sulawesi and Hydroelectric Power project in Sumatera.

The Wind Power project is cited for being the first wind power project in Indonesia and the largest in Southeast Asia generating 70MW. This deal thrones the tile of Renewable Energy Deal of the Year under Wind Category. In this project, IIF acted as the mandated lead arranger, underwriter and bookrunner with the deal of over US$14 million.

While the hydroelectric project located in Sumatra, is assessed to have significance in supporting its long-term operation of the plant to provide low-cost, renewable and dependable power supply in the North Sumatra province. In this project, IIF acted as the lender with total loan facility of over US$200 million.

“Receiving an internationally recognized award is a admiration for us. This does not mean IIF has achieved success, but rather motivate us to further contribute in the best possible way for the development of Indonesia, particularly in the sustainable infrastructure. Because good business makes profit, but great business makes impact!” as mentioned by Mr. Reynaldi Hermansjah – CEO of IIF.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance 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
corsec@iif.co.id