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

Energy transition, Healthcare Present Key Opportunities in Indonesia
January 20, 2025

Energy transition, Healthcare Present Key Opportunities in Indonesia

Opportunities exist in Indonesia’s energy transition and healthcare sectors as the country seeks to harness technology to fuel economic growth, opined panelists speaking at DealStreetAsia’s Indonesia PE-VC Summit in Jakarta. Chief Investment Officer of INA Stefanus Ade Hadiwidjaja was also a panelist in the session. He said INA wants to expand its investment focus beyond its key sectors, emphasizing energy transition and critical minerals. He also emphasized that INA was keen to support the Indonesian government’s ambitious 8% economic growth target and was exploring new areas like the electric vehicle (EV) ecosystem and downstream processing of minerals, including copper.

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INA in the News

Australia Explores Potential for Trade and Investment Cooperation with Indonesia

Australian Assistant Minister for Trade and Manufacturing Tim Ayres is scheduled to visit Indonesia this week. His visit aims to strengthen trade and investment relations. He will meet with a number of members of the Indonesian cabinet as well as the Indonesian Investment Authority. They will discuss ways to open economic opportunities for these two countries and the region.

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.

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.

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.

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.

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.