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View all search resultsDanantara forms new SOE to spearhead waste-to-energy projects
Denera aims to build 33 plants nationwide worth a combined Rp 91 trillion in total, with the construction on the initial batch of projects is expected to begin in June.
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An employee walks in the courtyard of Wisma Danantara Indonesia, on Sept. 8, 2025, in Jakarta. (Antara/Dhemas Reviyanto)
S
tate asset fund Danantara has set up a new state-owned enterprise to manage and operate its waste-to-energy portfolio, as it seeks to accelerate the country’s waste management efforts and draw in foreign capital.
The fund said it established PT Daya Energi Bersih Nusantara, also known as Denera, on April 1 as a holding entity for all waste-to-energy (WtE) project nationwide. The vehicle, formed under PT Danantara Investment Management, will centralize investment, development and operations across projects.
“Denera will control both equity stakes and operations for all WtE assets [owned by Danantara,” said Danantara waste-to-energy lead Fadli Rahman in a media briefing on Thursday.
Read also: Danantara’s first year sparks doubts over investment focus, economic role
Each WtE plant is expected to require between Rp 2.5 trillion and Rp 3 trillion (US$148 - 175 million) in investment, with Danantara expecting around 30 percent of project funding to come from equity and the remaining 70 percent from debt.
The government, through Denera, will hold a 30 percent stake in each project, while the rest will be owned by private partners.
The initiative ultimately aims to build 33 plants nationwide worth a combined Rp 91 trillion in total, with the construction on the initial batch of projects is expected to begin in June, said Fadli.
