Indonesia’s sovereign wealth fund Danantara, through its unit PT Danantara Investment Management (DIM), has selected conditional winners for the second phase of the waste-to-energy (WtE) programme, covering eight project clusters across 20 cities and regencies.
The selected partners will develop and operate projects in Medan Raya, Bekasi Regency, Lampung Raya, Serang Raya, Semarang Raya, Surabaya Raya, Bogor Raya 2, and Yogyakarta Raya. The appointments remain subject to procurement requirements before final awards are issued.
The winning consortiums include France’s SUEZ and Veolia, China’s Everbright, and several Indonesian-led groups. Four of the eight consortiums are led by Indonesian companies, while two are headed by French firms, and the remaining two by Chinese companies. All consortiums have partnered with international technology providers as part of the government’s technology transfer agenda.
The announcement follows last week’s groundbreaking of Danantara’s first WtE project in Bali. Danantara has said the programme will be implemented in stages, with projects in Bekasi and Bogor expected to begin construction next.
Pandu Sjahrir, Chief Executive of DIM, said participation from established international WtE operators underscore growing investor interest in Indonesia’s environmental infrastructure sector.
“The participation of the world’s leading waste-to-energy companies demonstrates that Indonesia is increasingly trusted as an investment destination. We see this as an opportunity to accelerate technology transfer, build national capacity, and strengthen Indonesia’s waste management industry ecosystem,” he said in a statement.
DIM said 68 proposals from 85 pre-qualified bidders were submitted for the eight project locations. Each site has been assigned both a selected partner and a reserve bidder. The selected consortiums will initially receive a Conditional Letter of Award (CLoA) and must complete feasibility studies, finalise project structures, establish joint venture companies, and secure financing before receiving final awards.
Fadli Rahman, Investment Director at DIM and Chief Executive of PT Daya Energi Bersih Nusantara (Denera), said the selection process assessed bidders on technical credentials, financial capability, implementation readiness, commercial viability, risk management, and long-term commitment, with independent technical, legal, and commercial advisers involved throughout the evaluation.
