Danantara�names partners for phase 2 waste-to-energy projects

Jakarta (ANTARA) - PT Danantara Investment Management (DIM) and PT Daya Energi Bersih Nusantara (Denera) selected eight partners for Phase 2 waste-to-energy projects, advancing Indonesia's investment drive and waste management strategy, officials said.

Both companies are units of Danantara Indonesia, the country's sovereign wealth fund, established to accelerate strategic investments.

"All selection stages were conducted objectively, based on good corporate governance principles and international best practices," DIM Investment Director and Denera Chief Executive Officer Fadli Rahman said on Monday.

Rahman said partners were assessed on waste-to-energy project experience, financial strength, implementation and commercialization timelines, strategic risk management, long-term commitment, and experience delivering projects in Indonesia.

The selected partners are: SUEZ-IAN Consortium for Greater Medan; Everbright Cemerlang Energy Consortium for Bekasi District; and Bumi Biru Indonesia for Greater Lampung.

Other winners are Masa Depan Energi Indonesia for Greater Serang; Veolia Environmental Services Asia for Greater Semarang; and Mentari Citra Lestari Consortium for Greater Surabaya.

The remaining projects were awarded to MPM-CEVIA Consortium for Greater Bogor 2 and Cakra Energi Lestari Consortium for Greater Yogyakarta.

Among the eight winners, four consortiums are led by Indonesian companies, two by French firms, and two by Chinese companies.

Rahman said the selected partners must complete additional requirements before receiving final letters of award.

Those include completing mutually agreed feasibility studies, finalizing project structures, establishing joint venture companies, executing commercial agreements, and securing financing approvals.

"All consortiums have partnered with international technology providers to accelerate project implementation while supporting technology transfer and strengthening domestic industries," Rahman said.

DIM Chief Executive Officer Pandu Sjahrir said the participation of leading global waste-to-energy companies reflects growing investor confidence in Indonesia.

"We see this as an opportunity to accelerate technology transfer, build national capacity, and strengthen Indonesia's waste management industry," Sjahrir said.

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Translator: Muhammad Heriyanto, Uyu Liman

Editor: Rahmad Nasution

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