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View all search resultsDanantara to launch waste-to-energy tenders this week
The projects, part of a broader plan to build 33 plants nationwide worth a combined Rp 91 trillion (US$5.6 billion), are included in state utility PLN’s long-term electricity procurement plan (RUPTL) as renewables.
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Women sort plastic containers collected from waste by type in Jakarta on May 4, 2025. (AFP/Yasuyoshi Chiba)
S
tate asset fund Danantara will launch its first tenders for waste-to-energy (WtE) projects on Nov. 6 as the government pushes ahead with a long-delayed plan to turn waste into electricity.
The first phase will cover seven facilities in the following localities: Jakarta, Yogyakarta and Bali, as well as Bandung and Bekasi in West Java, Tangerang in Banten and Semarang in Central Java.
The projects, part of a broader plan to build 33 plants nationwide worth a combined Rp 91 trillion (US$5.6 billion), are included in state utility PLN’s long-term electricity procurement plan (RUPTL) as renewables and will be developed through joint ventures between Danantara and selected private investors.
The state fund plans to hold at least 30 percent ownership in each project, potentially rising to a majority stake of 51 percent, according to Danantara chief investment officer Pandu Sjahrir.
“Each project will require an investment of around Rp 2.5 trillion to Rp 3.2 trillion. […] We’ll inject equity into each project and form joint ventures with consortium partners,” Pandu told a media briefing at the Danantara office on Monday.
Danantara expected about 30 percent of the investment to come from equity and 70 percent from debt, in line with typical project financing structures, Pandu noted.
The fund plans to use proceeds from its patriot bonds to help cover the equity portion, while seeking competitive loan offers from local and international lenders.
