One of the 18 funding packets offered for renewable energy financed by IIF was for a solar power plant operated by PT Ananta Surya Kencana (ASK). As a part of IIF’s support in the development of renewable energy, IIF has extended its funding to ASK through a senior term loan facility totaling Rp 250 billion (US$15.78 million).

The signing ceremony took place on Oct. 13, 2023, at the IIF Office in Jakarta, and was attended by Reynaldi Hermansjah, IIF president director, accompanied by Y. Bayu Wirawan, IIF’s chief investment officer and other members of the IIF team, along with Ari Takarianto, ASK’s president director, Lasman Citra, commissioner of ASK and the ASK team.

During the signing, Reynaldi conveyed the organization's steadfast commitment to supporting infrastructure initiatives, especially those projects that bring substantial benefits to the community while adhering to environmental, social and governance (ESG) 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.

ASK’s Ari explained that the funds received from the IIF loan facility would 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 toward net-zero emissions. The funding support from IIF, amounting to Rp 250,000,000,000, will be used for the development of solar power plant projects, especially in the commercial and industrial sectors," said Ari.

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