November 4, 2025 | 02:03 pm
TEMPO.CO, Jakarta - The government is targeting the completion of 33 Waste-to-Energy Plants (PLTSa) by 2027. Coordinating Minister for Economic Affairs Airlangga Hartarto said that part of the project's funding would utilize funds from Patriot Bonds issued by Danantara.
"It is expected that this can be realized in the next two to three years," Airlangga said during the CEO Insight event at Plataran Senayan, Jakarta, on Tuesday, November 4, 2025.
Airlangga explained that the construction of the 33 PLTSa units is a direct directive from President Prabowo Subianto. This project is part of the government's effort to promote tourism by making Indonesian cities waste-free.
PLTSa is one of the implementations of Patriot Bonds. Airlangga stated that the funds are available, the project is set, and the offtake price has been agreed upon by PLN.
Airlangga added that the PLTSa project is also included in the agenda of the ASEAN Zero Emissions Community. He mentioned that one of the projects already underway is the PLTSa in Legok Nangka, West Java, with an investment value of around Rp4 trillion.
OJK Prepares Patriot Bond Issuance
Previously, the Financial Services Authority (OJK) ensured that the Patriot Bonds investment instrument owned by Danantara is ready to be issued. The Executive Head of the Capital Market Supervisory Agency of the OJK, Inarno Djajadi, said that the issuance process was almost completed.
He added that they are currently studying the Patriot Bonds proposal to ensure compliance with the principles of caution and good governance. "We are in discussions with Danantara, and of course, the process to be conducted will be done prudently and with good governance," said Inarno Djajadi when met at the Indonesia Stock Exchange (BEI) building, Jakarta, on Friday, October 17, 2025.
Once this process is completed, the OJK will facilitate the initial issuance of Danantara Indonesia's bonds. State Secretary Minister Prasetyo Hadi also previously conveyed that President Prabowo has received a report from Danantara CEO, Rosan Roeslani, regarding the realization of Patriot Bonds orders, which have reached Rp50 trillion. This fund will be allocated for new renewable energy projects, including waste-to-energy conversion.
Developers Selected for PSEL Project
Meanwhile, PT Danantara Investment Management has announced 24 companies that have passed the selection as Environmentally-Friendly Waste-to-Energy Developer and Manager Business Entities (BUPP PSEL). The selected companies can collaborate with state-owned, regional-owned, or local private companies to participate in the PSEL project tender in seven agglomeration regions, which will be held on November 6, 2025.
According to the Managing Director of Danantara Investment, Stefanus Ade Hadiwidjaja, these companies were chosen from 200 applicants, and most of them are from China and Japan, as they are considered experienced in waste-to-energy projects.
This PLTSa project is a follow-up to Presidential Regulation No. 109 of 2025 concerning Urban Waste Management Through Processing Waste into Environmentally Friendly Technology-Based Renewable Energy. The regulation was issued to address the national waste accumulation, which reaches over 56 million tons per year, with a current management rate of only about 39 percent.
The seven agglomeration regions, which will be the locations for the PSEL development, include Greater Yogyakarta, Greater Denpasar, Greater Bogor, Greater Bekasi, Greater Tangerang, Greater Medan, and Greater Semarang. The government targets that the waste-to-energy processing project can help achieve waste-free cities and support the transition to green energy by 2029.
Adil Al Hasan and M Faiz Zaki contributed to this report
Editor’s Choice: Danantara Predicts Waste-to-Energy Project Could Absorb 3,000 Workers
Click here to get the latest news updates from Tempo on Google News
Danantara Predicts Waste-to-Energy Project Could Absorb 3,000 Workers
5 jam lalu
Danantara Indonesia says the waste to energy project is estimated to be able to absorb thousands of workers in a single project.
Danantara Indonesia Seeks Stake in Waste-to-Energy Project
19 jam lalu
Danantara determined that ownership considers the economic opportunities resulting from selling electrical energy from the waste processing project.
Danantara Proposes Jakarta Acquire Private Land for Waste to Energy Processing Site
22 jam lalu
The Jakarta Provincial Government faces challenges due to limited land availability for the Waste to Energy Processing (PSEL) site.
Danantara Indonesia Plans to Consolidate State-Owned Enterprises
3 hari lalu
Previously, Prabowo asked Danantara to reduce the number of state-owned enterprises from approximately 1,000 to between 200 and 240.
Danantara Indonesia Partners with South Korean Firms to Cut Plasma Imports
3 hari lalu
Danantara Indonesia and SK Plasma will improve PODP's local manufacturing and production capabilities.
Garuda Indonesia's Loss Swells to Rp3 Trillion by Q3 2025
3 hari lalu
Garuda Indonesia reported total business revenue of US$2.3 billion or Rp38.3 trillion, a decline from Rp41.6 trillion in the same period last year.
Luhut Claims Whoosh Can Now Cover Operating Costs
3 hari lalu
The National Economic Council Chair said the Jakarta-Bandung high-speed train or Whoosh has a significant economic impact on the region it serves.
Vale Indonesia Posts Rp886.3 Billion Profit in Q3 2025
4 hari lalu
In September, Vale announced that Danantara expressed interest in investing in three of the company's nickel processing facility projects.
Bank Mandiri Requests Additional Budget Funds After Fully Absorbing Rp55tn Injection
10 hari lalu
Bank Mandiri has reportedly fully absorbed the government funds recently injected from Bank Indonesia.
Over 200 Investors Keen to Invest in Indonesia's Waste-to-Energy Project
10 hari lalu
Danantara is currently selecting investors to join the project.
:strip_icc():format(jpeg)/kly-media-production/medias/5057311/original/031751800_1734586259-child-wearing-headphones-attending-online-courses.jpg)
:strip_icc():format(jpeg)/kly-media-production/medias/5220537/original/027291700_1747284960-IMG_5676.JPG)
:strip_icc():format(jpeg)/kly-media-production/medias/5198110/original/004603900_1745495162-Screenshot_2025-04-24_at_18.44.34.jpg)
