Indonesia Powers Ahead: PT SMI and Ormat Forge Strategic Alliance to Finance Geothermal Exploration”
Indonesia Powers Ahead: PT SMI and Ormat Join Forces to Finance Geothermal Exploration By: Robert Buluma Jakarta, September 17, 2025 Indonesia has taken another decisive step toward achieving energy independence and sustainability. PT Sarana Multi Infrastruktur (Persero) (PT SMI) , in partnership with PT Ormat Geothermal Indonesia , has announced plans to explore potential financing for geothermal energy exploration in Wapsalit, Maluku and Toka Tindung, North Sulawesi . The signing of the Memorandum of Understanding (MoU) took place on the sidelines of the Indonesia International Geothermal Conference and Exhibition (IIGCE) 2025 at the Jakarta International Convention Center, witnessed by the Minister of Energy and Mineral Resources, Bahlil Lahadalia . The MoU was formalized by Reynaldi Hermansjah , President Director of PT SMI, and Dion Murdiono , President Director of PT Ormat Geothermal Indonesia , alongside senior executives Sarana Mul...