Danantara and Denera Select Eight Partners for Second Phase of Waste-to-Energy Projects
PT Danantara Investment Management (DIM), together with PT Daya Energi Bersih Nusantara (Denera), has named eight selected partners for the second phase of the waste-to-energy (PSEL) project development and management. The selection covers eight locations encompassing 20 regencies and cities, with the appointment of partners remaining conditional and subject to the fulfilment of all applicable procurement requirements.
Director of Investment at DIM and Chief Executive Officer of Denera, Fadli Rahman, stated in Jakarta on Monday that all selection stages were conducted objectively, based on good governance principles and with reference to international best practices. Fadli explained that the assessment covered project credentials, financial capability, speed of implementation and commercialisation, strategic aspects and risk management, as well as long-term commitment and execution experience in Indonesia. To ensure the independence and quality of the process, independent technical, legal, and commercial advisors were appointed to oversee the entire evaluation.
The eight selected partners for the second phase of the PSEL projects are: SUEZ-IAN Consortium for the Medan Raya project; Consortium Everbright Cemerlang Energy for Bekasi Regency; Bumi Biru Indonesia for Lampung Raya; Masa Depan Energi Indonesia for Serang Raya; Veolia Environmental Services Asia Pte. Ltd for Semarang Raya; Consortium Mentari Citra Lestari for Surabaya Raya; MPM-CEVIA Consortium for Bogor Raya 2; and Cakra Energi Lestari Consortium for Yogyakarta Raya.
Of the eight selected partners, four consortiums are led by Indonesian companies, two by French companies, and two by Chinese companies. Fadli noted that all consortiums are partnering with international technology providers to accelerate project implementation while promoting technology transfer and strengthening the national industry. From a pool of 85 shortlisted providers, 68 applications were received for the eight locations, and each location now has a selected partner and a reserve partner. The selected partners will receive a Conditional Letter of Award and will be formally appointed as the project developers and operators once all conditions are met, with the reserve partners serving as an alternative mechanism.
Following the issuance of the Conditional Letter of Award, each selected partner must fulfil requirements to obtain the Final Letter of Award, including completing a mutually acceptable feasibility study, finalising the project structure, establishing a joint venture company, and securing financing approvals. DIM Chief Executive Officer Pandu Sjahrir said the involvement of leading global waste-to-energy companies demonstrates growing international confidence in Indonesia as an investment destination, viewing this as an opportunity to accelerate technology transfer, build national capacity, and strengthen the country’s waste management industrial ecosystem.