PT SMI invests $144.9mn in key geothermal power plant in Indonesia
State-owned PT SMI financed 65% of the Ijen geothermal plant, recently inaugurated, while continuing social responsibility programmes in East Java province.
| Countries | Indonésie |
|---|---|
| Sector | Énergie Géothermique |
| Theme | Investissements & Transactions, Développement de projets, Financement |
Indonesian infrastructure developer PT Sarana Multi Infrastruktur (Persero), better known as PT SMI, confirmed its 65% financing of the Ijen geothermal power plant project, for a total of $144.9mn (IDR2.35tn), as part of its strategy to support the expansion of renewable energy. The power plant, located in Bondowoso district on the island of Java, is operated by PT Medco Power Indonesia, a subsidiary of Medco Energi Internasional.
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