SMI Targets IDR 24 Trillion in Financing for 2026 Infrastructure Projects

PT Sarana Multi Infrastruktur (Persero) or PT SMI is targeting funding requirements of IDR 24 trillion for 2026 to finance infrastructure projects.

Aradita Priyanti, Director of Operations and Finance at PT SMI, explained that the company will focus on financing infrastructure projects this year. “For this year, approximately IDR 24 trillion is currently being fundraised,” Aradita said.

The funding composition will be dominated by Indonesian rupiah, with foreign funding accounting for only around 25 percent. “The funding is initially in IDR, so the composition is indeed more heavily weighted towards IDR. For foreign financing, we endeavour to match it with the financing we undertake, so it works out better,” she stated.

Reynaldi Hermansjah, President Director of PT SMI, outlined that the projects to be financed this year include hydroelectric power plants, solar power plants, as well as telecommunications and data centre infrastructure.

“It is quite diverse and well-distributed, so there is no specific focus, but rather sustainable infrastructure projects, particularly renewable energy projects,” he said.

Reynaldi highlighted several renewable energy projects that will be supported, including mini hydroelectric power plants distributed across Sumatra and Sulawesi. Additionally, there are solar power generation projects located in Batam and East Java.

“Renewable energies include mini hydro plants, with locations in Sumatra and Sulawesi, and several solar power plant locations in Batam and East Java, as well as geothermal power plants,” he explained.