Jakarta, 22 November 2024 – PT SMPlus Digital Investama (“SM+”), a digital infrastructure investment platform backed by Sinar Mas, and PT PLN (Persero) have officially signed a Memorandum of Understanding (MOU) aimed at ensuring reliable power supply to SM+’s new Metro Data Center (SMX01) located in the heart of Jakarta. The PLN Distribution Main Unit (UID) Jakarta Raya continues to support the government’s national economic growth program, which aims for an 8% increase, by ensuring a stable electricity supply for investors. A tangible manifestation of this commitment is the signing of an electricity supply agreement totalling 1,000 MVA. The signing ceremony was attended by Edi Srimulyanti, the Director of Retail and Commerce at PLN Central, and involved PLN UID Jakarta Raya alongside several strategic partners, including PT Kuningan Mas Gemilang (SM+, part of the Sinar Mas Group), PT MRT Jakarta, PT Starone Mitra Telekomunikasi, and DPD REI DKI Jakarta. “The current electrical condition in the Java-Bali region is very secure in terms of supply, with a capacity of 43 GW and a peak load of 32.8 GW. This indicates that there remains a substantial reserve of power to support various needs, including the ongoing growth of new investments. With this reliable electricity supply, PLN is prepared to ensure reliability for its customers,” explained Edi Srimulyanti. In her remarks, Edi also emphasized PLN’s plans to continue developing electricity services based on green energy. “We have planned an increase in power generation with a composition of 75% from New Renewable Energy (EBT). To support industries seeking environmentally friendly energy sources, we provide a Dedicated Source service directly connected to EBT plants. Additionally, we offer a Renewable Energy Certificate (REC) service that provides international recognition to customers for their use of green energy,” stated Edi. According to electricity delivery reliability parameters, Jakarta ranks fourth among ASEAN countries. With an electricity supply capacity of 9,060 MW and a peak load of 5,917 MW, Jakarta has a reserve capacity or surplus of 35%. This condition ensures that PLN UID Jakarta Raya can provide reliable electricity supply to support the needs of investors operating in Jakarta. “We have prioritized the industry by shifting the paradigm from a supply-driven to a demand-driven approach. This underscores our commitment to fostering a conducive investment climate in Jakarta,” said Lasiran. Meanwhile, Herson Suindah, CEO of SM+, one of PLN’s strategic partners, expressed appreciation for the collaboration established. “The synergy between SM+ and PLN serves as a crucial foundation for driving our business growth. PLN not only provides reliable electricity but also offers innovative solutions based on green energy, aligning with our company’s sustainability vision,” Herson remarked. Through collaboration with business actors and investors, PLN UID Jakarta Raya is optimistic about supporting sustainable national economic growth with reliable, environmentally friendly, and innovative electricity services.  

BSD City, September 27, 2024 – The Sinar Mas Digital Day (SMDD) 2024 marked a major milestone in Indonesia’s digital landscape with the public unveiling of SM+, an initiative designed to enhance digital infrastructure and drive innovation across Sinar Mas’s vast range of business units. The unveiling of SM+ at SMDD 2024 was met with considerable interest and excitement. Approximately 180 visitors stopped by the SM+ booth during the event, reflecting strong curiosity and enthusiasm for the initiative’s comprehensive portfolio of products and services. Herson Suindah, President Director and CEO of SM+ Holdings, was one of the key figures at the event. He participated in a high-profile panel discussion alongside Chief Technology Information Officer (CTIO) of Smartfren, Shurish Subbramaniam, and Chief Technology Officer (CTO) of Moratelindo, Michael McPhail. The discussion highlighted the need for strategic partnerships between key players in the industry to address the challenges of building a future-ready digital infrastructure that can support the country’s economic ambitions. With more than 3,000 professionals attending and over 700 minutes of on-demand sessions available for participants, SMDD 2024 provided a valuable platform for knowledge sharing, networking, and collaboration. Industry leaders, digital innovators, and technology experts came together to explore the latest trends and technologies. The event served as a catalyst for further innovation and provided SM+ with a unique opportunity to showcase its potential as a key player in the digital transformation journey. As Indonesia works to develop its digital economy, initiatives like SM+ are expected to become increasingly important. By offering a hyperscale data centers and variety of technology solutions, SM+ is set to play a key role in helping businesses across various sectors adopt and integrate digital technologies.

Jakarta, 10 September 2024 – Sinar Mas, a business conglomerate covering various sectors in Indonesia, through its digital infrastructure investment platform, SM+, and LG CNS, a leader in digital transformation from South Korea, have launched their business collaboration, LG Sinar Mas, a joint venture that provides cutting-edge information technology (IT) solutions and services across Indonesia. “Through this partnership, we are confident in our ability to contribute to a future where technology seamlessly integrates into the daily lives of millions of Indonesians, helping us become more connected, prosperous, and intelligent. We believe in the power of collaboration to propel us further, to go far and beyond,” said Franky Oesman Widjaja, a Board Member of Sinar Mas, during an event in Jakarta attended by SM+ CEO Herson Suindah, LG CNS CEO Hyun Shin Gyoon, and LG Sinar Mas CEO Han Donghyup. This event follows the previously signed Joint Venture Agreement on March 27, 2024, in Seoul, South Korea, which laid the foundation for this strategic collaboration. A New Chapter for Indonesia’s IT Services Sector LG CNS’s extensive experience in digital technology, combined with Sinar Mas’ deep knowledge and track record across various business sectors in Indonesia, is poised to meet the needs of the Indonesian market, which is rapidly digitizing and is projected to reach market value of approximately USD 7.1 billion by 2027, according to global market research firm Gartner. This is reflected in LG Sinar Mas’ initial efforts to develop and operate a state-of-the-art data center and provision cloud migration services for enterprises in Indonesia. As part of its strategic and business roadmap, LG Sinar Mas plans to further expand its services to include IT support for smart city development and financial services, aligning with its slogan to be “The Most Trusted, Reliable, and Innovative IT Service Provider in Indonesia.” According to LG Sinar Mas CEO Han Donghyup, the first project currently undergoing for LG Sinar Mas is a new data center development in the Central Business District of Kuningan, South Jakarta. This advanced data center will be ready to support the deployment of Artificial Intelligence (AI) and is projected to cost over IDR 4.7 trillion or USD 300 million. This project is expected to be completed by mid-2026 and will target domestic as well as multi-national enterprises. This collaboration with LG CNS is among several digital-based initiatives, innovations, and partnerships within the Sinar Mas ecosystem which will also be showcased at the Sinar Mas Digital Day 2024 event, which will be held at the end of September at ICE BSD City, South Tangerang. The collaboration between Sinar Mas and LG CNS is expected to position LG Sinar Mas as a leading player in Indonesia’s technology landscape, contributing to digitalization and economic growth while improving the quality of life for Indonesians through user-oriented technology. “I have a strong belief that we can achieve great things together. The alignment of goals, complementary expertise, and shared vision will be the foundation of a successful partnership that not only meets but also exceeds expectations,” said Hyun Shin Gyoon.

Jakarta, September 9, 2024 – PT SMPlus Digital Investama (“SM+”), a digital infrastructure investment platform backed by Sinar Mas, has announced a strategic partnership with Korea Investment Real Asset Management Co., Ltd. (“KIRA”) to develop a state-of-the-art data center in Jakarta’s central business district, designed to serve businesses and hyperscalers. The project, with an investment exceeding USD 300 million, is expected to be operational by mid-2026. KIRA’s investment in Indonesia is driven by its strong belief in the growth potential of the country’s data center industry. KIRA’s extensive experience in data center operations across Korea and other countries, combined with SM+’s expertise in developing and managing data centers in Indonesia, will form a solid foundation for this partnership to capitalize on opportunities in Indonesia’s data center market. Franky Oesman Widjaja, Board Member of Sinar Mas, stated, “This new data center will offer top-tier facilities and services essential for advancing digital transformation across various sectors in Indonesia, including finance, industry, government, public services, and education. We deeply value our partnership with KIRA in this significant initiative.” “We are confident that our collaboration with SM+ and Sinar Mas will significantly boost Indonesia’s digital transformation. This partnership marks a crucial step toward achieving our shared vision of becoming the market leader in data centers in Indonesia,” added Kim Yong Sik, Chief Executive Officer of KIRA. Key features of this data center project include: Structure Research forecasts Indonesia’s data center market to grow rapidly, with an average annual growth rate of 22%, reaching IDR 16.6 trillion (USD 1.1 billion) by 2028, up from an estimated IDR 6.1 trillion (USD 395.0 million) in 2023. With a population of nearly 280 million, Indonesia is poised for significant domestic market growth, robust economic expansion, and continued strong momentum. SM+ and KIRA are confident that this partnership will capture and capitalize on these opportunities.