PT SMI Leads Indonesia's Hydrogen Energy Transition with International Collaboration
Key Ideas
- PT SMI, PT PLN, and HDF Energy signed a MoU for exploring financing support related to hydrogen utilization for electrification in Indonesia.
- The project on Sumba Island aims to reduce greenhouse gas emissions by over 700,000 tCO2e over 25 years and benefit 10 thousand households.
- This initiative positions Indonesia as a leader in clean energy development in the Asia-Pacific region, fostering socio-economic growth and creating job opportunities.
- PT SMI's track record showcases commitment to climate-related projects with significant avoided GHG emissions and carbon credit equivalents.
PT Sarana Multi Infrastruktur (Persero) (PT SMI) in Indonesia has reaffirmed its commitment to accelerating the country's energy transition by exploring hydrogen utilization for electrification. A Memorandum of Understanding (MoU) was signed by PT SMI, PT Perusahaan Listrik Negara (Persero) (PT PLN), and HDF Energy in the presence of Indonesia's President Prabowo Subianto and France's President Emmanuel Macron. The collaboration aims to develop a hydrogen project on Sumba Island, projected to reduce greenhouse gas emissions significantly over 25 years and provide clean energy to thousands of households.
The initiative not only focuses on environmental benefits but also on enhancing socio-economic conditions in the region. It is expected to support local communities by offering clean and stable energy, boosting economic growth through agriculture and tourism sectors, and creating job opportunities. PT SMI's commitment to climate-related projects is evident through its significant financing of such initiatives, signaling a proactive approach towards sustainable development.
PT SMI's role as an enabler of infrastructure development in Indonesia is highlighted through its unique products and features that support partnerships between the government and businesses. By actively promoting public-private partnerships and regional loan products, PT SMI contributes to the acceleration of infrastructure development across the country. This international collaboration not only positions Indonesia at the forefront of clean energy technologies but also emphasizes the importance of multi-stakeholder cooperation in driving the energy transition forward.
Topics
Asia
Clean Energy
Energy Transition
Climate Action
Sustainable Development
Infrastructure Financing
Bilateral Visit
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