Danantara Indonesia Forges Strategic Partnership with ACWA Power to Drive Sustainable Energy Future
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Jeddah, Kingdom of Saudi Arabia, 02 July 2025 – Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia) has announced the signing of a Memorandum of Understanding (MoU) with ACWA Power, the world’s largest private water desalination company, a leader in energy transition and a first mover into green hydrogen. ACWA Power has also entered a strategic partnership with PT Pertamina, an Indonesian state- owned oil and gas corporation, to collaborate on the development of multi-billion-dollar power generation and water desalination projects within Indonesia.
The first MoU, signed between Danantara Indonesia and ACWA Power, formalises the exploration of investments by ACWA Power in Indonesia. The investments will center on projects in renewable energy generation, combined cycle gas turbines, green hydrogen and water desalination.
The second agreement, signed between PT Pertamina and ACWA Power, focuses on the joint development of clean energy projects in Indonesia. This includes the technology development of cumulative 500MW of renewable energy and gas-to-power projects, new electricity tender, green hydrogen projects, and operation and maintenance (O&M) business lines.
With a total project funding of up to USD 10 billion, this partnership will help Indonesia in achieving its target of a 34 per cent mix of renewables in its total energy mix by 2034 and 87 per cent by 2060, signalling a vast potential to become a clean energy leader in the coming years.
Commenting on the signings, Raad Al-Saady, Vice-Chairman and Managing Director of ACWA Power, said: “ACWA Power is proud to deepen our presence in Indonesia’s power and water sector through these agreements. These partnerships represent our commitment to support Indonesia in achieving its long-term energy and water security goals, contributing to the development of a sustainable and greener future.”
Rosan Perkasa Roeslani, Chief Executive Officer of Danantara, stated: "Our collaboration with ACWA Power represents a significant step in positioning Indonesia as a key player in the global energy transition. This partnership brings both capital and expertise to accelerate high-impact projects in solar, hydrogen, and integrated water- energy solutions. It reflects our broader commitment at Danantara Indonesia to foster credible, long-term partnerships that support national priorities while delivering commercial value. By channeling state-owned resources into ventures with proven global players, we aim to catalyze sustainable growth, enhance energy resilience, and attract continued foreign direct investment. This is how we move toward a greener and more prosperous future—together."
Simon Aloysius Mantiri, Chief Executive Officer of PT Pertamina, said: "Pertamina is fully committed to its dual growth strategy—ensuring national energy security while accelerating the energy transition. Our collaboration with ACWA Power is a strategic step toward realizing this vision. By joining forces on renewable energy, green hydrogen, and sustainable infrastructure, we aim to create tangible value for both nations and lead the region’s transformation toward a low-carbon economy."
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About Danantara Indonesia
Danantara Indonesia, officially known as Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), is an Indonesian legal entity established under Law No. 1 of 2025 and fully owned by the Government of the Republic of Indonesia. The institution is mandated to undertake strategic investments as well as operations of State-Owned Enterprises (SOEs). Guided by principles to uphold strong governance, inclusive impact, and global partnership, Danantara Indonesia aims to transforms national assets into long- term economic powerhouse.
For more information, visit: www.danantaraindonesia.com
Media Contact:
Communications Team
Danantara Indonesia
About ACWA Power
ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 14 countries in the Middle East, Africa, Central Asia, and Southeast Asia. ACWA Power’s portfolio comprises 101 projects in operation, advanced development, or under construction with an investment value of SAR 403 billion (USD 107.5 billion) and the capacity to generate 78.9GW of power and manage 9.5 million m3/day of desalinated water. This energy and water are delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.
Learn more: www.acwapower.com
ACWA Power Media contacts:
Mohammed Al Hasan
Acting Director – Media Affairs & External Comms
About Pertamina
PT Pertamina (Persero) is a fully integrated energy company, solely owned by the Government of Indonesia. As a holding company, Pertamina involved in the exploration, production, processing, marketing, trading, and shipping of oil and gas, as well as the development of renewable energy sources.
Pertamina Media Contact:
Fadjar Djoko Santoso
Vice President Corporate Communication PT Pertamina (Persero)
Email: fadjar.santoso@pertamina.com