Global Waste-to-Energy Industry Leaders Compete to Develop Indonesia's PSEL Projects, Batch II Selected Partners Are Announced
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Jakarta, 13 July 2026 — PT Danantara Investment Management (DIM), together with PT Daya Energi Bersih Nusantara (Denera), has designated the Selected Partners in the selection process for business partners to develop and operate Batch II of Indonesia's Waste-to-Energy (WtE) or Pengolahan Sampah Menjadi Energi Listrik (PSEL) projects. The selection covers eight development locations across 20 regencies/cities. The designation of the Selected Partner for each location remains conditional and subject to the fulfillment of all applicable procurement requirements.
The partner selection for Batch II of the PSEL program underscores Indonesia's strong appeal as a destination for environmental infrastructure investment. A number of companies that have led the global waste management and Waste-to-Energy industry for decades participated in the selection process, reflecting strong confidence in the prospects of PSEL development in Indonesia.
Of the 85 Verified Selected Providers (Daftar Penyedia Terseleksi/DPT), 68 applications were submitted for the eight project locations. Based on the evaluation results, each location now has a Selected Partner and a Standby Partner, with each Selected Partner set to receive a Conditional Letter of Award (CLoA). The CLoA serves as a conditional designation of the business partner for the development and operation of the PSEL project, and the Selected Partner will be appointed as the business partner for the development and operation of the PSEL project once all requirements under the CLoA have been fully satisfied. The Standby Partner is designated as an alternative mechanism should the Selected Partner be unable to fulfill the stipulated requirements.
"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," said Pandu Sjahrir, Chief Executive Officer of DIM.
Indonesian Companies Emerge as Consortium Leaders
Amid competition from these global companies, Indonesian businesses demonstrated an increasingly strong role. Four of the eight Selected Partners are consortiums led by Indonesian companies, while two consortiums are led by companies from France, and two are led by companies from China; Indonesia has the highest number of consortium leads in this selection stage. All of these consortiums are partnering with international technology partners to accelerate project implementation while promoting technology transfer and strengthening the national industry.
A Rigorous and Transparent Selection Process
"All stages of the selection process were conducted objectively, based on the principles of good governance with reference to international best practices. The evaluation covered PSEL project credentials, financial capability, implementation and commercial readiness, strategic and risk management aspects, as well as long-term commitment and execution experience in Indonesia. To ensure the independence and quality of the process, we appointed independent technical, legal, and commercial advisors to support the entire evaluation process," emphasized Fadli Rahman, Investment Director of DIM and Chief Executive Officer of Denera
Following the issuance of the CLoA, each Selected Partner must fulfill the requirements to proceed to the Final Letter of Award, including the preparation of a Feasibility Study acceptable to both parties, finalization of the project structure, establishment of a Joint Venture Company, completion of commercial documents, and obtaining financing approvals.
About Batch II of the PSEL Program
The Batch II PSEL partner selection is part of the national PSEL development program, which is being implemented in stages. Previously, the development of Batch I projects commenced through the inauguration of construction of the Denpasar, Bali PSEL Project on 8 July 2026, following the partner selection process for the Bekasi City and Bogor Raya projects. Meanwhile, the inauguration of construction for the Bekasi City and Bogor Raya PSEL projects will take place in the near future.
All projects entering the next implementation stage will be developed and operated by Denera, DIM's integrated Waste-to-Energy and waste management development platform, together with the business partners for PSEL development and operation that have been designated in accordance with the applicable procurement stages. The program is expected not only to accelerate efforts to address the waste management crisis, but also to deliver economic and environmental benefits through increased investment, creation of green jobs, greenhouse gas emissions reduction, and the strengthening of the national waste management industry ecosystem.
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About PT Daya Energi Bersih Nusantara (Denera)
PT Daya Energi Bersih Nusantara (Denera) is a company focused on developing Waste-to-Energy (WtE) infrastructure and was established under PT Danantara Investment Management (DIM) to implement the duties tasked by Presidential Regulation No. 109 of 2025. Denera serves as the entity responsible for coordinating and accelerating the development of Waste-to-Energy projects across Indonesia, by integrating investment governance, technology partners, and project developers within an integrated ecosystem.
About Danantara Indonesia
Danantara Indonesia, officially known as Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), is a strategic investment management institution established under Law No. 1 of 2025. As an independent entity under the President, Danantara Indonesia's mandate is to manage and optimize government investments and assets from State-Owned Enterprises (SOEs) in order to support the achievement of the Asta Cita vision, strategic national plans, as well as government programs to accelerate industrialization and economic growth. With a professional, transparent, and accountable approach, Danantara Indonesia aims to strengthen the governance of state assets, create added value for the economy, while increasing Indonesia's competitiveness in the global market.
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