【SMM Flash News】PT SMI to Issue Rp300B Sustainability Bonds in Q1 2026

Indonesian state construction firm PT Waskita Karya (Persero) Tbk. has signed a Memorandum of Understanding (MoU) with Gulf Contracting and Landscaping (GCL) to strengthen its strategic presence in the Middle East. Signed by Waskita’s Head of Operations Division I, Bonie Butar Butar, and GCL CEO Rami Hamad, the agreement aims to leverage Waskita's six decades of experience to capture growing infrastructure opportunities in the region. This partnership marks a key milestone in Waskita’s global expansion strategy, bringing Indonesian engineering expertise to international projects while boosting the company's competitiveness in dynamic foreign construction markets.

PT Investasi Hijau Selaras (HIJAU) and PT Pei Hai International Wiratama Indonesia have officially launched a 1.5 MWp Phase I rooftop solar plant and signed a cooperation agreement for a 2.2 MWp Phase II expansion. Despite challenges from heavy rainfall and logistics delays, Phase I is now operational and expected to cut 30,865 tons of CO₂ emissions over 15 years. Pei Hai, an export-oriented manufacturer, is leveraging this partnership to align with global sustainability standards and reduce long-term energy costs, while HIJAU focuses on industrial-grade reliability and real-time monitoring to support Indonesia’s 2060 Net Zero target.

Lion Energy has finalized a farm-out agreement with OPIC East Seram Corporation, a subsidiary of Taiwan’s CPC Corporation, to fund the Bula Karang exploration well in the East Seram PSC. Under the deal signed in January 2026, OPIC will cover 88% of the estimated $5.6 million drilling cost in exchange for an additional 15% interest, bringing its total stake to 55% while Lion retains 45% and operatorship. The well, targeting a 12-million-barrel resource, is scheduled to spud in Q2 2026 (targeted for July) from an onshore location to an offshore target to reduce costs and leverage existing infrastructure on Seram Island for rapid commercialization.