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View all search resultsDanantara raises Rp 50 trillion through patriot bonds, eyes project tenders this month
Danantara has raised Rp 50 trillion through its first so-called patriot bond, with part of the proceeds earmarked for renewable energy and waste-to-energy projects. The company expects to launch initial tenders by the end of October.
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Danantara CEO Rosan Roeslani addresses reporters at the State Palace complex in Jakarta on May 7, 2025. (BPMI Setpres/Cahyo)
S
tate asset fund Danantara has raised Rp 50 trillion (US$3 billion) through the issuance of its inaugural patriot bond, a low-coupon instrument designed to channel long-term financing into renewable energy, waste-to-energy and other strategic projects.
Danantara CEO Rosan Roeslani confirmed that the funds were already secured and the first project tenders were expected to open by the end of October.
While keeping investor details confidential, Rosan said the funds were fully secured for the rollout of large-scale waste-to-energy facilities across the country in support of the government’s target of achieving net-zero emissions by 2060.
“The Rp 50 trillion target has been reached. The focus is on waste-to-energy as well as other renewable energy projects,” said Rosan on Wednesday at the coordination meeting for the upcoming Indonesia International Sustainability Forum in Jakarta, as quoted by news agency Antara.
“Hopefully, we can start the tender process for the waste-to-energy projects by the end of October, but as for the patriot bond, that part is already completed,” he said.
Read also: Keep Danantara in check
Although the funding is in place, the execution of projects will hinge on the performance of this first issuance. Danantara chief investment officer Pandu Sjahrir underlined that the fund’s priority was to ensure that the first round of patriot bond projects delivered measurable results.
