Danantara Establishes Subsidiary to Convert Waste into Electricity, Projects in Bali
Indonesia’s Investment Management Agency (BPI) Daya Anagata Nusantara (Danantara) has established a new subsidiary to pursue Waste-to-Energy (WtE) projects, or Waste Processing Facilities into Electricity (PSEL). The formation was carried out through PT Danantara Investment Management (DIM).
Danantara Investment Management’s Director of Investments, Fadli Rahman, stated that the new subsidiary is named PT Daya Energi Bersih Nusantara (DENERA). DENERA was newly formed on 1 April 2026.
“Daya Energi Bersih Nusantara is a company newly established by Danantara Investment Management on 1 April 2026, which focuses on implementing the PSEL programme,” Fadli said during the Coffee Afternoon with Danantara event at Wisma Danantara, Jakarta, on Thursday (9/4/2026), as reported by detikFinance.
Fadli explained that DENERA will act as the manager and hold a 30% stake in the PSEL facilities. Meanwhile, project partners will hold a 70% stake.
In the future, DENERA will also become a company that improves waste management in Indonesia, from the collection stage to the implementation of processing schemes, such as Reduce Waste Processing Depots (DPSR), Reduce, Reuse, Recycle Waste Processing Depots (DPS3R), and Integrated Waste Processing Depots (DPST).
“And we will also focus on developing for waste other than household waste, such as industrial waste, even hazardous waste,” Fadli added.
The Projects Are in Bali
Danantara targets the construction of three WtE or PSEL projects at the latest by July 2026. Several of these projects are located in Bekasi, Denpasar, and Bogor.
“Groundbreaking can be done at any time from April to June. But what’s more important is when construction begins. Our target is to start building by the end of June, at the latest early July,” Fadli revealed when met at Graha Mandiri on Friday (6/3/2026).
Fadli said that the construction process for these waste-to-electricity projects will take up to two years. However, for the first two projects in Bekasi and Denpasar, which already have partners, they have committed to faster construction.
“Coincidentally, both have stronger commitments. Their promise is that by the end of 2027, it will be built and COD. For Bekasi, early 2028,” Fadli explained.