Promoting RE and Climate Investment Through a Green Credit Line to PT SMI Project Dates: January 2015 - January 2025
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PROJECT OBJECTIVE

This projects supports PT SMI in municipal development and renewable energy projects that will help Indonesia’s green recovery.This will contribute to Indonesia’s progress towards the Sustainable Development Goals and benefit the economy, the people, and the environment

PROJECT DESCRIPTION

To support the increase of credit dedicated to climate-related investments, AFD provides long-term financial resources and technical assistance to PT SMI. AFD granted to PT SMI a first US$ 100M credit line, dedicated to the financing of infrastructure projects with climate benefits (mitigation or adaptation) and a US$ 5M grant dedicated to the financing of renewable energies and allowing PT SMI to partially cover the risks taken in this sector. Finally, a €400K technical assistance program has been granted to strengthen PT SMI’s procedures and support project appraisal. The grant and the technical assistance program were financed by funds delegated by the British Cooperation (DFID). In July 2019, a second support has been approved by AFD Board in the form of a US$150M credit line, a EUR 600K grant for technical assistance, and a EUR 5M delegated fund from the European Union for technical assistance and investment grant.


SECTORS OR AREAS OF WORK
  1. Climate finance

KEYWORDS
  1. Climate Finance

Region/Location

BUDGET

USD 51,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. AFD - Agence française de développement
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
BUDGET

USD 51,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. AFD - Agence française de développement
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE