Danantara Names 8 Partners for Rp25 Trillion Waste-to-Energy Projects

Indonesia's sovereign wealth fund, Danantara, has appointed eight partners to develop and manage the second phase of its Waste-to-Energy Project (PSEL) across eight locations. The project signifies a substantial investment, with the value at each site estimated between Rp3 trillion and Rp3.5 trillion, bringing the total investment for the eight locations to approximately Rp24-25 trillion.

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This means that in these 8 locations, it will amount to Rp24-25 trillion.

These selected partners represent a consortium of both foreign and domestic companies. Notably, foreign participants hail from countries including France, Japan, and China. They were chosen from an initial pool of 85 companies that had been shortlisted in May. Danantara has pledged close monitoring and regular reporting to stakeholders throughout the construction process, establishing a dedicated team to oversee preparations and execution.

The consortiums tasked with the PSEL project in the eight locations are: SUEZ-IAN Consortium (SUEZ Insan Asia) for Medan Raya, Consortium Everbright Cemerlang Energy (Everbright Harmoni) for Bekasi Regency, Bumi Biru Indonesia (SUS Indoplas) for Lampung Raya, Masa Depan Energi Indonesia (Chandra Waste Energy BGE) for Serang Raya, Veolia Environmental Services Asia Pte. Ltd (Veolia) for Semarang Raya, Consortium Mentari Citra Lestari (Bakrie Power SUS) for Surabaya Raya, MPM-CEVIA Consortium (Mega Power CEVIA) for Bogor Raya 2, and Cakra Energi Lestari Consortium (Pertamina NRE Tianjin CITICC) for Yogyakarta Raya.

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We will also form a special team to monitor the construction, construction preparations, and construction on a regular basis.

Fadli Rahman, Director of Investment at PT Danantara Investment Management and CEO of PT Daya Energi Bersih Nusantara (Denera), highlighted that the facilities will meet European emission standards, similar to the PSEL project in Denpasar Raya which commenced construction on July 8, 2026. Pandu Patria Sjahrir, CEO of PT Danantara Investment Management, noted that four consortia are led by Indonesian companies, two by French firms, and two by Chinese firms. All consortia are collaborating with international technology partners to accelerate implementation and facilitate technology transfer, aiming to bolster Indonesia's waste management sector and national capacity.

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We see this as an opportunity to accelerate technology transfer, build national capacity, and strengthen the waste management industry ecosystem in Indonesia.