Danantara establishes new SOE Denera, focusing on "Waste to Energy" projects

The Investment Management Agency Daya Anagata Nusantara (Danantara Indonesia) has established a new state-owned enterprise (SOE), PT Daya Energi Bersih Nusantara or Denera. Denera was officially formed on 1 April 2026 and is a subsidiary of PT Danantara Investment Management (DIM), which will focus on Waste to Energy (WtE) projects or Waste Processing into Electricity (PSEL). “Daya Energi Bersih Nusantara is a company newly formed by Danantara Investment Management (DIM) on 1 April 2026, with a focus on implementing the PSEL programme,” said Fadli Rahman, Lead of Waste-to-Energy and Director of Investment at DIM, during the Afternoon Coffee Session at Wisma Danantara in Jakarta on Thursday. Denera will hold shares in each PSEL project, with the ownership structure set at 70% for the Business Entity for Development and Management (BUPP) partner, and 30% owned by Denera. In addition, Denera will be responsible for project operations. Each PSEL unit requires an investment of Rp2.5 trillion to Rp2.8 trillion. “Denera will also be an integrated company in waste management. So, integrated waste management is something that must be focused on, particularly PSEL,” said Fadli. On this occasion, Fadli stated that PSEL projects are the main driver for building an integrated waste management system. He assessed that PSEL projects not only generate electricity but also encompass waste management from upstream to downstream, starting from disposal sites, processing, to recycling. “And how we will educate the public to manage waste better because culture also needs to change in waste management. We will also focus on developing waste other than household waste, such as industrial waste,” said Fadli. Danantara targets opening the second wave tender for PSEL projects in April 2026, for PSEL projects in 25 cities in Indonesia. Danantara’s Managing Director of Stakeholder Management and Communications, Rohan Hafas, said that the number of cities involved in the second batch will be far more than the initial stage, due to the high interest from local governments in that jumbo government project. “There are 25 cities in the second batch. So almost all provincial capitals will receive waste processing facilities,” said Rohan.