Danantara Names Partners for Second Phase PSEL, Global Giants Join the Fray
PT Danantara Investment Management (DIM), together with its subsidiary PT Daya Energi Bersih Nusantara (Denera), has officially selected partners for the second phase of the Waste-to-Energy (PSEL) projects in Indonesia. DIM stated that this announcement is a crucial milestone in the acceleration of national green infrastructure, involving global energy conglomerates and domestic corporations.
The strategic move encompasses the construction of modern waste processing facilities in eight strategic development areas covering 20 regencies and cities across Indonesia. However, the investment authority stressed that the selection of the winning partners remains conditional and is fully subject to compliance with all applicable procurement regulations in the country.
In its official announcement, DIM said national and international consortia competed intensely to secure management rights in the eight regions. For the Greater Medan area, the conditional management rights were awarded to the SUEZ-IAN Consortium (SUEZ Insan Asia). In the buffer zone of the capital, Bekasi Regency, the selection process was won by the Consortium Everbright Cemerlang Energy (Everbright Harmoni). Meanwhile, for the Greater Lampung area, Bumi Biru Indonesia (SUS Indoplas) emerged as the selected partner.
Furthermore, the Greater Serang area will be managed by Masa Depan Energi Indonesia (Chandra Waste Energy BGE). European environmental utility giant Veolia Environmental Services Asia Pte. Ltd. (Veolia) secured the management rights for the project in the Greater Semarang area. In East Java, the Consortium Mentari Citra Lestari (Bakrie Power SUS) was appointed as the winner for the Greater Surabaya area. Lastly, the Bogor Raya 2 project was won by the MPM-CEVIA Consortium (Mega Power CEVIA), while the Greater Yogyakarta area will be developed by the Cakra Energi Lestari Consortium, which combines the strengths of Pertamina NRE and Tianjin CITICC.
The high level of participation from multinational corporations in the tender for the second phase of the PSEL project directly reflects the attractiveness of investing in Indonesia’s environmental infrastructure sector. The presence of major players that have dominated the waste management and waste-to-energy (WtE) technology industry for decades underscores international market optimism regarding legal certainty and the commercial value of sustainability projects in Indonesia.
According to data from the selection committee, the competition was extremely tight, involving 85 companies listed in the Selected Provider List (DPT). From this number, the committee received 68 formal applications competing for the eight project locations offered.
DIM stated that to mitigate the risk of project failure, the evaluation process not only determined one main winner for each location but also appointed a Reserve Partner. This mechanism serves as a guarantee of project continuity should the Selected Partner fail to meet the agreed deadlines or standard requirement clauses.
The main winners in this initial phase will receive a Conditional Letter of Award (CLoA). After receiving the CLoA, their status as official developers will only be fully ratified once all administrative, technical, and financial parameters are met. If they fail, the exclusive rights will be automatically transferred to the appointed Reserve Partner.
Chief Executive Officer of PT Danantara Investment Management, Pandu Sjahrir, said the significant interest from global waste management industry leaders proves Indonesia’s increasingly strong strategic position as a prime green investment destination in Southeast Asia. Pandu views this momentum as a gateway for domestic industrial transformation through high-level technology transfer and the strengthening of local workforce capabilities.
‘The involvement of the world’s leading waste-to-energy companies shows that Indonesia is increasingly trusted as a global investment destination. We see this not just as physical development, but as an opportunity to accelerate modern technology transfer, build independent national capacity, and strengthen the entire waste management industry ecosystem from upstream to downstream in Indonesia,’ Pandu said in a written statement on Monday (13/7/2026).
Interestingly, despite being surrounded by global energy giants, domestic business players demonstrated significant competitiveness in the selection process. Evaluation data shows that four of the eight consortia designated as Selected Partners are led directly by national corporations. Meanwhile, the other four locations are evenly split, with two won by consortia led by French corporations and two led by Chinese corporations. This achievement positions Indonesia as the leader in the number of consortium leads in this procurement phase. The strategy employed by national entrepreneurs is also considered astute, as they continue to partner with world-class international technology providers to ensure fast, safe, and efficient project execution while simultaneously supporting the transfer of technology into the country.