Recently at our TBLI CONFERENCE Asia in Singapore I was approached by Pak Suwardi, owner of PT. Selo Kencana Energi, a private company focused on developing Hydro Electric Power plants in Indonesia.
His business story caught me off guard. During the TBLI CONFERENCE held in Amsterdam in 2009 he saw the keynote speaker who spoke of the devastating effects of climate change to the Arctic melting glaciers.
At that time, Pak Suwardi had investments in coal energy but none in renewable energy because he believed the return would be lower than that of coal fire and the development stages to be more complicated with renewable energy.
Following TBLI Amsterdam, he sold his coal fire portfolio to another company and decided to make their renewable pipeline (hydro power plants) a real project by signing a power purchase agreement with the local authority in 2010.
With his own capital and loans from a local bank, they have completed construction and started to deliver the electricity to the grid in Spring 2014.
“During one year of operation I saw several positive impacts such as reducing national fuel subsidy, an increase in economic activity among the communities in the area and a reduction in poverty and deforestation. We are now doing our own research on social impact measurement,” says Pak Suwardi.
What a testament. Thank you Pak Suwardi for sharing your story of inspiration and how TBLI impacted your life. I imagine there to be so many great ones like this over the years. If you have a story we would love to hear it.
Last week, I was honoured and inspired to meet Ernesto Sirolli. Ernesto is a social entrepreneur and founder of the Sirolli Insititute, who developed the concept of “Enterprise Facilitation”. For 27 years, Ernesto has been creating enterprises in emerging markets focussing on a few simple concepts:
Shut up and listen
Only respond to people who want to be helped
Don’t motivate local entrepreneur. Facilitate to help them achieve their dreams
Respect the wishes of the local entrepreneur.
Servant of local people who have a dream to be better person
Local person must have own passion
Find knowledge to achieve dream of entrepreneur
Direct support using extremely low cost and basic infrastructure
His results are quite phenomenal. He has been able to achieve 200 enterprises for each enterprise facilitator. Imagine if you could create 1.000, 10.000, 100.000 or 1 million enterprise facilitators. Ernesto kindly agreed to speak at an upcoming TBLI Conference .
I am exceptionally happy with the response and support we have received for TBLI Foundation. Thank you and I hope you will also support the work of TBLI Foundation.
TBLI Foundation will financially support TBLI Conferences. Content from the ongoing conference series will be more broadly available to investment professionals and the public via reports, webinars, white-papers and video interviews. Partnerships with educational institutions and like-minded nonprofits will also be created. The geographic scope of the conferences will expand to emerging markets.
Importantly, the Foundation will implement a digital model to facilitate access to content and interactions among participants in the community.
TBLI Foundation is establishing academic partnerships with selected leading international business schools to host the conferences, with participation expanded to include students and alumni. To date, TBLI academic partners include The Wharton School of the University of Pennsylvania, NYU Stern School of Business, BI-Norwegian Business School, Copenhagen Business School, Hult International Business School, Free University Amsterdam, Meiji University (Japan), Florida International University and several others will be confirmed shortly.
Thank you to following supporters of the TBLI Foundation: