SMI seals grants to boost green finance

Multilateral lenders: Women sit on a hill overlooking the Suralaya coal power plant in Cilegon, Indonesia. The collaboration with JICA is designed to blend public and private capital to retire coal-fired power plants and accelerate clean energy investment. — AP

JAKARTA: State-owned infrastructure financier PT Sarana Multi Infrastruktur (PT SMI) has signed two grant agreements and two memorandums of understanding (MoUs) with international development partners.

The developments are aimed at securing new funding to deepen Indonesia’s sustainable finance market and accelerate the country’s energy transition.