PT SMI Channels Financing of Rp 274.96 Trillion Over 17 Years of Operation
PT Sarana Multi Infrastruktur (Persero), or SMI, is marking its 17th anniversary on 26 February 2026. The state-owned enterprise, coordinated by the Ministry of Finance and structured as a Non-Bank Financial Institution (LKBB), continues to strengthen its role as a Special Mission Vehicle (SMV) and is transforming into a Development Finance Institution (DFI).
An anniversary celebration was held as a moment of reflection at the Dhanapala Building of the Ministry of Finance. The event, attended by Deputy Minister of Finance Juda Agung, included a joint breaking of the fast during Ramadhan, with the theme “Delivering Impact, Driving Sustainability”. PT SMI aims to continue driving transformative momentum to support accelerated, impactful, inclusive and sustainable national development.
PT SMI Chief Executive Officer Reynaldi Hermansjah stated that the event was not merely a celebration of the company’s age, but a reflection of dedication, learning and strengthened commitment to delivering tangible impact. Over 17 years, SMI has served as a catalyst for development, a strategic partner to local governments and a driver of the sustainable development finance ecosystem. The chosen theme ensures that each role and contribution delivers meaningful and long-term benefits to the Indonesian nation.
“Over 17 years of operation, we have channelled financing totalling Rp 274.96 trillion with a total value of financed projects of Rp 1.18 trillion,” Reynaldi stated in a written statement on Saturday, 22 February 2026.
This figure, Reynaldi continued, is not merely a statistic but a reflection of genuine involvement in the socio-economic life of the Indonesian people. “In aggregate terms, the financing has contributed Rp 1.16 trillion in value. In terms of employment, it has created jobs for 10.9 million people, from construction through to project operations,” he added.
Deputy Minister of Finance Juda Agung provided specific messages and direction. He stated that impact must not be abstract. He requested that future financing must have a sharper impact framework.
“Do not be quick to be satisfied merely because a project is completed or funds have been disbursed; what is most important is what changes have already been produced and how the impact flows to communities and their quality of life,” he said.
Juda also hoped that PT SMI would utilise blended finance for sustainable and social projects. He appreciated the green financing portfolio which reached Rp 36.5 trillion by the end of 2025. “The company must always adhere to the principles of good governance and maintain integrity in every aspect of its business and operations,” he emphasised.
PT SMI serves and holds a mandate as an agent of sustainable development. Its three business pillars are commercial financing, public financing, and consulting services and project development. It actively supports the implementation of Government and Business Cooperation (KPBU) and promotes accelerated infrastructure development in regions through regional loans.
One concrete example of PT SMI’s support for sustainable financing is its backing of PT Citra Multi Energi in the development of the Sion Mini-Hydroelectric Power Plant (PLTM) in South Sionomhudon Village, Humbanghasundutan Regency, North Sumatra. This project, valued at US$30.8 million, received loan support of US$21.2 million.
PT SMI Chief Operating and Financial Officer Aradita Priyanti stated that the project supports new and renewable energy development, contributes to reducing greenhouse gas emissions and supports achievement of Sustainable Development Goals numbers 1, 7, 9 and 13. In 2024, the Sion PLTM generated 81.3 GWh of clean energy supporting the economic and social activities of the community. “It contributes to carbon footprint reduction with environmental awareness,” she said.