GGGI and PT SMI Formalize a Partnership to Develop Renewable Energy Projects in Indonesia

GGGI and PT SMI Formalize a Partnership to Develop Renewable Energy Projects
in Indonesia

The Indonesian state owned enterprise, PT Sarana Multi Infrastruktur
(Persero) (PT SMI) and the Global Green Growth Institute (GGGI) announced
they will be signing a Memorandum of Understanding (MoU) on September 7th at
17:45 at Jeju International Convention Center. The signing will take place
during the Asian Regional Policy Dialogue (ARPD) session, one of the major
events of the Global Green Growth Week 2016 (#GGGWeek2016).

PT SMI is an infrastructure financing company that is owned by the
Government of Indonesia through the Ministry of Finance. PT SMI has recently
started developing renewable energy projects in Indonesia, and this MoU with
GGGI represents their first collaboration in this objective. This
partnership will serve as a catalyst in accelerating infrastructure
development in Indonesia and help the Government to achieve its renewable
energy ambitions.

GGGI will support PT SMI by providing technical expertise in evaluating
projects in its development pipeline. PT SMI's leading position in
Indonesian infrastructure development will benefit from GGGI's experience in
helping to commercialize utility scale renewable energy projects across 25
developing country markets. As a result of this MoU, GGGI and PT SMI will
now jointly identify and evaluate projects that are already in the PT SMI
project pipeline. To initiate the much-needed boost in private sector
investment, GGGI will provide support in developing these projects towards
bankability that will demonstrate success in the renewable energy.

GGGI's Director-General, Yvo de Boer, said, "PT SMI and GGGI are working
together to reduce risks for investors from the private sector and to shape
a climate that is conducive to green growth projects. Our goal is to have
multiple renewable energy projects from the pipeline at a financial close
over the next two to three years." He also mentioned that GGGI is committed
to working in partnership with esteemed institutions such as PT SMI to
provide development and design support for renewable energy projects. Darwin
T Djajawinata, Director of PT SMI said, "One of the main purposes of PT SMI
is to support the government's infrastructure development agenda through
partnerships with private and multilateral financial institutions, which
include promoting and developing renewable energy and energy efficiency. PT
SMI is enthusiastic about working hand in hand with GGGI in accelerating the
development of renewable energy project in Indonesia."

The Government of Indonesia is committed to increasing the percentage of new
and renewable energy in the country's energy mix. This partnership lays the
foundation for providing GGGI's services in Indonesia and will result in
projects that will support the government's greenhouse gas emission
reduction targets as well as its universal electrification goals for
improving access to electricity in the most remote areas of the Indonesian
archipelago. With a focus on social inclusion being at the foundation of
each project, the projects will have a broader impact for all populations,
particular those often underserved. Overall, this partnership will be
instrumental in helping Indonesia contribute towards meeting the Sustainable
Development Goals (SDGs). There are many projects in the pipeline that will
be developed and there will be more announcements as this partnership
continues.

About the Global Green Growth Institute (GGGI)

Based in Seoul, GGGI is an intergovernmental organization founded to support
and promote green growth. The organization partners with countries to help
them build economies that grow strongly, are more efficient and sustainable
in the use of natural resources, less carbon intensive, and more resilient
to climate change. GGGI works with countries around the world, building
their capacity and working collaboratively on green growth policies that can
impact the lives of millions. To learn more about GGGI, see
http://www.gggi.org and visit us on Facebook and Twitter.

About PT Sarana Multi Infrastruktur (Persero) (PT SMI)

PT SMI is an infrastructure financing company based in Jakarta, Indonesia,
which was established in 2009, as a State Owned Enterprises (SOE) of the
Government of Indonesia through the Minister of Finance Republic of
Indonesia. PT SMI plays active role in facilitating infrastructure financing
as well as preparing project and serving advisory for infrastructure
projects in Indonesia. PT SMI carries the duty of supporting the
Government's infrastructure development agenda through partnerships with
private and/or multilateral financial institutions in Public-Private
Partnership (PPP) projects. To learn more about PT SMI, visit
http://www.ptsmi.co.id/.

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Ref:
http://gggi.org/gggi-and-pt-smi-formalize-a-partnership-in-developing-renewa
ble-energy-projects-in-indonesia/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com