PT SMI Early Retirement Program Project Dates: January 2024 - December 2050
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PROJECT OBJECTIVE

The project's objective is to enhance PT Sarana Multi Infrastruktur (Persero) (PT SMI)'s institutional capacity, enabling it to design and establish systems to coordinate and implement a national just transition framework within the context of Indonesia's country platform on Energy Transition Mechanism (ETM). Additionally, it aims to expedite financing efforts for the Government of Indonesia’s energy transition initiatives.

PROJECT DESCRIPTION

This technical assistance supports Component 1 of Indonesia’s ACT Investment Plan, focusing on the accelerated retirement of coal-fired power plants (CFPPs). It initiates and complements PT SMI’s early retirement program by: (i) developing and piloting a just transition framework, and (ii) building PT SMI’s capacity to manage just transition financing. The TA facilitates the Accelerating Coal Retirement Facility (ACRF), which blends funding from ADB, CIF-ACT, commercial lenders, and the Government Investment Fund, potentially managed as a trust fund within PT SMI.

SECTORS OR AREAS OF WORK
  1. Training/capacity building
Region/Location
Indonesia
BUDGET

USD 1,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
SUPPORT SUBTYPE
  • Grant
ADDITIONAL INFORMATION

The project end date is set as 31 December 2050, indicating that the project is ongoing but the timeline cannot be specified due to confidentiality. For more information, please visit https//portfolio.jetp-id.org/program/pt-smi-early-retirement-program

BUDGET

USD 1,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
SUPPORT SUBTYPE
  • Grant