PT SMI and AFD Renew Strategic Partnership for a Low Carbon Future in Indonesia

JAKARTA, Indonesia, May 28, 2025 /PRNewswire/ -- PT Sarana Multi Infrastruktur (Persero) ("PT SMI") and Agence Française de Développement ("AFD") continue their partnership to strengthen cooperation in promoting sustainable development, mitigating the impacts of climate change, and green financing in Indonesia. This cooperation is outlined in the new Memorandum of Understanding (MoU), signed by the President Director of PT SMI, Reynaldi Hermansjah, and the CEO of AFD, Rémy Rioux, on Wednesday, May 28, 2025, at the Fairmont Hotel, Jakarta. The signing of the MoU was also witnessed directly by the European Union Ambassador to Indonesia.
and Brunei Darussalam, Denis Chaibi.

This is the third MoU signed between PT SMI and AFD. The purpose of this latest MoU is to further promote cooperation between the two institutions, beyond the scope of the financing agreement. Some points of cooperation outlined in the MoU are: (a) Financing to support national development transformation; (b) Knowledge sharing and capacity building in areas such as climate change, biodiversity, healthcare, and solid waste management; (c) Publications and bilateral cooperation that highlight the partnership between the two countries.

The MoU represents a strategic bilateral relationship between Indonesia and France in supporting inclusive low-carbon development. PT SMI consistently fulfills its role by engaging in synergy and active collaboration to support the achievement of the SDGs through the SDG Indonesia One (SIO) platform. "PT SMI is very pleased to continue collaborating with AFD, as both institutions share a common vision and goal in the effort to provide clean energy. This agreement is important to strengthen the legitimacy and reputation of PT SMI as a key player in the climate field. We have a variety of innovative platforms and tools to mobilize collaboration in financing environmentally friendly projects, such as SDG Indonesia One and the ETM Country Platform. Thus, we can become the right partner for anyone who wants to contribute and provide benefits in addressing the impacts of climate change," said the President Director of PT SMI, Reynaldi Hermansjah.

PT SMI and AFD have been collaborating on financing infrastructure projects that contribute to climate change mitigation and adaptation since 2015, particularly through the provision of a USD 100 million loan. In 2018, a partnership agreement was signed and an additional credit of USD 150 million was provided under the SIO PT SMI framework. Several projects developed as a result of the collaboration between PT SMI and AFD include the Pekanbaru Drinking Water Supply System in Pekanbaru, Riau, the Madong Mini-Hydro Power Plant in North Toraja, South Sulawesi, and the Ijen Geothermal Power Plant in Banyuwangi, East Java.

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About PT Sarana Multi Infrastruktur (Persero) ("PT SMI")

PT Sarana Multi Infrastruktur (Persero) ("PT SMI"), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has 3 business pillars, namely Commercial Financing, Public Financing, and Advisory Service and Project Development.

PT SMI has various functions and unique products/features to support the acceleration of infrastructure development, which not only serves as infrastructure financing but also as an enabler through the implementation of the Government and Business Entity Cooperation (KPBU) scheme involving various financial institutions, both private and multilateral. PT SMI actively supports the implementation of Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in the regions through regional loan products.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

PT SMI and AFD Renew Strategic Partnership for a Low Carbon Future in Indonesia

GUANGZHOU, China, Jan. 11, 2026 /PRNewswire/ -- Recently, GAC's independently developed Quark E-Drive power domain control system has achieved the world's first dual certification for deeply integrated ASIL D functional safety and information security, accredited by DAkkS, Germany's national accreditation body. The certification was evaluated and issued by SGS-CSTC Standards Technical Services Co., Ltd. (SGS), a globally recognized certification authority.

ISO 26262 is the internationally recognized core standard for automotive functional safety. Within this framework, ASIL D represents the highest automotive safety integrity level, requiring near-zero tolerance for safety-critical failures. Achieving an ASIL D certification accredited by DAkkS signifies that the certified product meets the highest globally accepted standards for automotive safety.

The certified Quark E-Drive power domain control system has been in production use since February 2025, and is now deployed across multiple models under GAC's brands - HYPTEC and AION. As the industry's first electric drive power domain system based on deep integration using a single main control chip, the solution significantly reduces chip count, minimizes risks associated with chip-level failures, and boosts motor controller efficiency to as high as 99.9%. The certification confirms that GAC has completed the system's full product development lifecycle in strict compliance with ISO 26262:2018 functional safety and ISO/SAE 21434:2021 information security standards.

Throughout the project, GAC Technology Research Center worked closely with SGS experts, strengthening safety design across all development phases while ensuring engineering feasibility and an optimal user experience.

Zhao Hui, Vice President of SGS China, commented: "The successful certification highlights GAC's strong team and robust development systems. We are pleased to support the safety of the Quark E-Drive and look forward to closer collaboration."

This milestone represents a major breakthrough for GAC in e-drive safety and sets a new global benchmark for the intelligent electric vehicle industry.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GAC's Quark Electric Drive Achieves the World's First DAkkS ASIL D Functional Safety and Information Security Dual Certification