PT SMI Opens Opportunity to Partner with Danantara on Waste-to-Energy Project
Jakarta – PT Sarana Multi Infrastruktur (Persero) or PT SMI has opened the possibility of collaboration with Danantara Investment Management Body (BPI) for waste-to-energy (WTE) projects, which convert waste into electrical power (PSEL).
PT SMI’s President Director, Reynaldi Hermansjah, explained that the company is open to collaborating with the government to help resolve Indonesia’s waste management challenges.
“I believe we are open to the possibility of collaborating with Danantara in the context of resolving Indonesia’s waste problem,” Reynaldi told reporters on Monday, 10 March 2026.
However, there is currently no specific timeline for the proposed collaboration. Nevertheless, he views the waste management sector as a highly promising field for future collaborative projects.
“We don’t yet have a specific target date, but this is a sector I believe we can definitely collaborate on,” he stated.
PT SMI, a special mission vehicle under the Ministry of Finance, has recently launched an investment instrument for infrastructure development financing called PT SMI Retail Infrastructure Bonds (ORIS). This instrument is part of PT SMI’s Continuous Sustainable Bonds Public Offering Phase II for 2026, with an indicative issuance target of Rp300 billion.
Funds raised through ORIS will be channelled to green projects and social programmes.
“These include, amongst others, renewable energy, energy efficiency, and of course also healthcare and education facilities and other socially-oriented facilities. The allocation to these infrastructure projects will naturally be aligned with our Sustainable Funding Framework,” he explained.
Since its establishment in 2009, PT SMI has accumulated total project financing of Rp1.183 trillion, covering 129 projects under the National Strategic Programme (PSN) and/or the National Medium-Term Development Plan (RPJMN).
Danantara Indonesia is committed to driving integrated waste management solutions that create positive environmental impact and benefit all Indonesian communities. In line with Presidential Regulation No. 109/2025, this initiative is part of Danantara Indonesia’s WTE/PSEL programme aimed at addressing waste management challenges by strengthening urban waste handling, reducing dependence on landfill disposal, and supporting sustainable energy generation.
Aligned with Danantara Indonesia’s dual mandate, operator partners are required to form consortiums to drive technology transfer, including with local government-owned enterprises and Indonesian companies.
Danantara Indonesia also emphasises strong governance from the outset, including transparent selection processes and risk mitigation approaches.