The number of domestic and international participants in the second wave of the Waste-to-Energy (WtE) or Electricity Generation from Waste (PSEL) Program selection has increased significantly. Danantara Investment Management (DIM) believes this reflects the enormous potential for developing WtE projects across 33 cities in Indonesia. 

DIM Investment Director and CEO of PT Daya Energi Bersih Nusantara (Denera), Fadli Rahman, said the participation of both domestic and international companies indicates that the program holds strong investment appeal when implemented with reliable governance. 

“For that reason, we remain committed to ensuring that the entire WtE partner selection process is conducted transparently and competitively,” he said in a written statement received in Jakarta on Wednesday, May 27. 

In the second-wave selection for the Approved Provider List (DPT) of Danantara’s PSEL or WtE program, the number of participants that successfully qualified reached 85 entities. The figure increased by more than 254% compared to the first wave, which attracted only 24 participants. 

Fadli explained that the PSEL project is still in its early stages. The DPT itself is a prequalification phase, meaning that companies that pass must still undergo various additional processes before securing projects. The next stages include technical evaluations, financing readiness, technology compatibility, and operational capacity assessments in the field. 

Participants in the second-wave DPT came from various countries, including Japan, South Korea, France, India, Singapore, China, and several other companies across Asia. According to Fadli, this demonstrates that Indonesia’s waste management issues are now drawing attention from global energy and environmental industry players. 

He also stated that the surge in participants in the second-wave DPT signals that Indonesia’s PSEL projects are increasingly being viewed as a promising and serious market. The list of 85 entities that passed the selection can be accessed through Danantara Indonesia’s official website. 

Most of the companies included in the second-wave DPT originate from countries with long-established energy-based waste management systems, such as Japan and South Korea, which are known for modern incineration technology with strict emission standards. The presence of companies from Europe and China also broadens the range of technological capabilities and experience, particularly in environmental management and urban energy efficiency. 

Denera is a subsidiary of DIM. Previously, Danantara Chief Investment Officer (CIO) Pandu Sjahrir projected that Denera could be listed on the Indonesia Stock Exchange (IDX) by the end of 2028. Danantara is targeting the PSEL program to cover 33 projects across various regions in Indonesia, with total investment approaching USD 5 billion, or approximately IDR 85 trillion to IDR 90 trillion. 

This article is published in partnership with Katadata 

Original article here