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

INA, AllianzGl tie up to deploy USD 200 million annually into hybrid capital solutions in Indonesia

According to an announcement on Monday (23/09), the Indonesia Investment Authority (INA) and Allianz Global Investors (AllianzGl) have signed a memorandum of understanding to invest up to USD 200 million annually in hybrid capital solutions for Indonesian businesses. These solutions will focus on customized credit and innovative financing methods that combine different financial instruments, particularly targeting critical infrastructure needs and supporting the country’s energy transition efforts. “Our joint initiative to deploy hybrid capital solutions is about crafting a robust framework for financial innovation that supports the sustainable expansion of local enterprises. Together, we aim to enhance the investment landscape in Indonesia, ensuring each venture not only supports local economic growth but also adheres to stringent optimal risk-adjusted returns,” said the CEO of INA, Ridha Wirakusumah.

INA in the News

January 10, 2024

APG, ADIA Invest In Indonesia Toll Road

APG Asset Management N.V (APG), together with its wholly owned subsidiary Abu Dhabi Investment Authority (ADIA) announced investment in the Trans Java Kanci-Pejagan and Pejagan-Pemalang toll roads. For INA, this transaction is a follow-up investment from previous transactions with PT Waskita Transjawa Toll Road and PT Waskita Toll Road, subsidiaries of PT Waskita Karya (Persero) Tbk, for the same assets. This is in line with INA's mission to contribute to sustainable economic development, as well as bringing world-class investor partners to Indonesia.

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.

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

INA, AllianzGl tie up to deploy USD 200 million annually into hybrid capital solutions in Indonesia

INA in the News

APG, ADIA Invest In Indonesia Toll Road

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

Investment authority on securing Indonesia’s future

Investment authority on securing Indonesia’s future

Investment authority on securing Indonesia’s future