The Asian Infrastructure Investment Bank (AIIB) is partnering with PT Perusahaan Listrik Negara (PT PLN) and PT Sarana Multi Infrastruktur (PT SMI) to implement Indonesia’s Nationally Determined Contributions (NDC) milestones under the Paris Agreement. The parties will collaborate in an effort to achieve Indonesia’s greenhouse gas (GHG) reduction target, with a focus on transitioning away from conventional energy sources to renewable and sustainable alternatives. Additionally, the partnership will jointly explore opportunities for project preparation, knowledge sharing, capacity building and technical assistance in the field of energy transition and aims to deploy clean energy.
AIIB will also provide long-term financial support. This financing will complement national and multilateral efforts like the Just Energy Transition-Partnership (JETP), as well as foster a comprehensive and integrated approach to energy transition in the country.