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View all search resultsPT SMI has provided US$23.3 million (Rp 347.5 billion) in funding to PT NTBE to support the development of a floating solar panel project in Batam. The 46-megawatt peak solar power plant is the second-largest floating solar project after Cirata.
West Java acting governor Bey Triadi Machmudin confirmed that the Finance Ministry has approved the construction of the Greater Bandung Light Rail Transit (LRT) project after a meeting between the two parties on Monday.
Financing is an essential part of the energy transition that Indonesia needs to achieve its 2060 net-zero emissions target. One mechanism expected to support the country’s retirement of existing coal-fired power plants and replace them with clean energy is the Finance Ministry-led Energy Transition Mechanism (ETM), with state-owned infrastructure financing company PT Sarana Multi Infrastruktur (Persero) or (“PT SMI”) as ETM Country Platform Manager.
The Finance Ministry recently issued a new ministerial decree regulating the management of funds for the geothermal sector by state-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI).
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