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Read the latest news from INA and all of the official press releases.

Indonesia wealth funds to double down on energy transition

CEO of Indonesia Investment Authority (INA) Ridha Wirakusumah said renewable energy projects currently make up 12% of its USD 4 billion investment portfolio. INA is aiming to increase that proportion to between 15% and 20% by the end of 2025.

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"Investment in renewable energy and the area of nature-based solutions, as well as electric vehicles, is important," Wirakusumah told Nikkei Asia on the sidelines of the FT & Nikkei Energy Transition Summit: Asia in Jakarta.

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Established in 2021 under President Joko Widodo, INA's goal is to attract foreign investment to a range of priority projects in Southeast Asia's largest economy. It has so far invested in infrastructure, logistics, and health care, among other sectors, along with investment partners including U.S. asset manager BlackRock and China's Silk Road Fund.

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Wirakusumah said INA is also exploring opportunities to invest more in the EV supply chain, "particularly the midstream" segment, referring to the processing of critical minerals for the development of EV batteries.

INA in the News

December 23, 2023

SOE Hospital Holding Collaborates with INA and Swire

PT Pertamina Bina Medika-Indonesia Healthcare Corporation or SEO Hospital Holding signed a strategic partnership agreement with the INA and Swire Pacific Limited, which is a large global group that has diversified with a focus on health investment. The Ministry of BUMN has hopes for BUMN in the health sector for the transformation to modernize health services significantly to increase value creation in the right way in accordance with the Health Law and the latest Minister of Health Regulations.

December 10, 2023

Cirebon-1 PLTU Early Retirement on December 2035

The Asian Development Bank together with PT Cirebon Electric Power and INA agreed to carry out early retirement of the Cirebon-1 PLTU in West Java in December 2035. The Cirebon PLTU with a capacity of 660 megawatts will be retired 7 years earlier than expected which supposedly end in July 2042. Meanwhile, the transaction is targeted to be completed in the first half of 2024. This is based on the results of discussions with the owner of the power plant and the Indonesian Government under the ADB's Energy Transition Mechanism program.

November 14, 2023

Indonesia's SWF strengthens private debt funding

From an initial government-funded capital base of $5 billion in 2021, the Indonesia Investment Authority (INA) has since grown to $9 billion of assets under management, and has deployed $3 billion of it. Several new allocations and joint venture projects are expected to be rolled out in the coming months by the sovereign wealth fund, concentrated on INA’s four key sectors: infrastructure and logistics, digital infrastructure, healthcare, and green energy.

November 9, 2023

INA and DBJ Collaborate to Explore Hybrid Capital Solutions Investment Opportunities

INA and DBJ have signed an Investment Framework Agreement, strengthening their commitment to making joint investments guided by mutually agreed eligibility criteria, with the aim of providing optimal capital returns with measurable risks, while facilitating country-level collaboration between Japan and Indonesia. INA and DBJ are ready to explore joint investment opportunities in the field of hybrid capital solutions in Indonesia, either directly or through their affiliates.

November 1, 2023

Indonesia's energy transition is challenging

“Indonesia’s energy transition is challenging. When we are talking about renewable energy in Indonesia, the challenge is not only about the cost, but also the lack of adequate supply of electricity. Instead of building fossil-fuelled energy sources and later changing it to renewable to fix the problem, we should build a green energy source from the get-go.“ said CEO INA Ridha Wirakusumah during his interview with CNBC Asia regarding the energy transition in Indonesia.

October 30, 2023

INA and GDS collaborate to develop data center in Nongsa Special Economic Zone

INA and GDS, a developer and operator of data centers in Asia with a wide base of international investors, have announced a partnership to develop and expand the data center landscape in Indonesia. Indonesia is a growing data center market with a similar vision of the pivotal role of data centers in its digital transformation. The GDS-INA partnership comes at a crucial moment, especially as the data center industry is rapidly expanding, supported by Indonesia's digital economic transformation, IoT technology, a massive shift toward cloud computing, and the widespread use of artificial intelligence.

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Read the latest news from INA and all of the official press releases.

Indonesia wealth funds to double down on energy transition

INA in the News

SOE Hospital Holding Collaborates with INA and Swire

Cirebon-1 PLTU Early Retirement on December 2035

Indonesia's SWF strengthens private debt funding

INA and DBJ Collaborate to Explore Hybrid Capital Solutions Investment Opportunities

Indonesia's energy transition is challenging

INA and GDS collaborate to develop data center in Nongsa Special Economic Zone

Investment authority on securing Indonesia’s future

Investment authority on securing Indonesia’s future

Investment authority on securing Indonesia’s future