ASIATODAY.ID, JAKARTA — Indonesia’s state-owned infrastructure financing institution, PT Sarana Multi Infrastruktur (Persero) or PT SMI, continues to strengthen its role in driving national development.
As of September 2025, PT SMI has recorded financing commitments worth USD 15.89 billion (IDR 254.27 trillion), supporting projects with a total value of USD 71.81 million (IDR 1.149 trillion) across the country.
President Director Reynaldi Hermansjah emphasized that these investments have not only accelerated infrastructure development, but have also delivered substantial economic multiplier effects.
PT SMI’s financing has:
Created and supported 10.7 million jobs across multiple sectors
Contributed USD 70.94 million (IDR 1.135 trillion) to the national economy
Added 0.5% to Indonesia’s Gross Domestic Product (GDP)
“It may look small in percentage terms, but a 0.5% contribution to GDP from a single institution is a significant achievement,” Reynaldi said during a Media Gathering in Humbang Hasundutan, on November 10, 2025.
Reynaldi highlighted that PT SMI focuses on financing high-impact infrastructure that stimulates regional and national economic activity. Energy conversion, renewable energy, and electricity projects financed by PT SMI have recorded a multiplier effect of 2.36, exceeding the national average of 1.62.
“We ensure our projects deliver multiplier effects above the national average. This reflects our key role as a fiscal tool for the government,” he added.
PT SMI also supports five of the eight key missions of the President’s Asta Cita agenda through infrastructure financing in oil and gas, renewable energy, electricity, drinking water, transport, irrigation, toll roads, healthcare, education, tourism, industrial zones, economic corridors, and disaster-resilience systems.
To date, PT SMI has contributed to 120 National Strategic Projects (PSN) and RPJMN programs, with:
USD 7.53 billion (IDR 120.5 trillion) in financing commitments
USD 42.34 billion (IDR 677.5 trillion) in total project value
This includes 39 road and toll road projects, 59 electricity projects, 7 dam/irrigation projects, 2 telecommunications projects, 3 drinking water projects, 9 transport projects, and 1 oil and gas project.
Clean Energy Financing
In line with its national mandate, PT SMI is expanding its green financing portfolio to support Indonesia’s sustainable development goals.
Director of Operations and Finance Aradita Priyanti reported that as of September 2025, 20.9% of PT SMI’s financing portfolio was allocated to climate-related projects, while exposure to coal-related projects has been reduced to 9%, consistent with the company’s coal financing moratorium since 2018.
PT SMI’s climate-related financing portfolio includes:
Renewable energy: 15.7%
Water supply and sanitation: 2.0%
New energy: 1.6%
Urban transport (LRT): 1.6%
“Our renewable energy portfolio continues to grow, reflecting PT SMI’s strong commitment to green and sustainable financing,” Aradita stated.
PLTM Sion: A Clean Energy Project Strengthening Local Development
A flagship example of PT SMI’s sustainable financing is the Sion Mini-Hydro Power Plant (PLTM Sion) in Humbang Hasundutan, North Sumatra. The project, valued at USD 30.8 million, received USD 21.2 million in financing support from PT SMI.
The project delivers major economic, social, and environmental benefits, including:
81.3 GWh of clean energy generated in 2024
Contributions to SDGs 1, 7, 9, and 13
Local job creation during construction and operations
Additional regional revenues through taxes
Reduced dependence on fossil fuels
Lower greenhouse gas emissions
Improved quality of life through more reliable electricity access
“PLTM Sion supports both regional energy security and national emissions-reduction efforts,” Aradita noted. (AT Network)
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