Indonesian company Danantara has announced its intention to list PT Daya Energi Bersih Nusantara, commonly referred to as Denera, on the Indonesia Stock Exchange by the end of 2028. This announcement aligns with the company's plans to generate cash flows from waste-to-energy projects, which the Indonesian government is keen to develop as part of its environmental strategy.
During an investor relations forum held in Jakarta, Pandu Sgariir, the Executive Director of Investment at Danantara, emphasized that the company hopes to start generating revenues from its projects before the end of 2028, enabling it to transition to the listing phase on the financial market.
Project Details and Financials
Denera, established on April 1, 2026, aims to manage 33 waste-to-energy projects with a total estimated cost of around 5 billion USD, equivalent to approximately 85 to 90 trillion Indonesian Rupiah. The announcement of the second batch of projects is expected soon, coinciding with the signing of power purchase agreements.
Sgariir also noted that the company plans to increase its stake in the projects to 51% in the second phase of development, reflecting its commitment to enhancing its capacity to address environmental issues in Indonesia.
Background & Context
These plans come amid ongoing efforts by the Indonesian government to mitigate waste problems, as Indonesia is one of the largest waste-producing countries in the world. In 2025, the Indonesian government issued a presidential decree aimed at addressing urban waste by converting it into renewable energy using environmentally friendly technologies.
The government also seeks to improve the quality of life in cities through sustainable development projects, demonstrating its commitment to achieving global sustainable development goals.
Impact & Consequences
If Denera succeeds in achieving its goals, it could become one of the largest waste-to-energy companies globally. This could enhance the Indonesian financial market and attract more foreign and domestic investments. Furthermore, the success of these projects may have a positive environmental impact by reducing waste and improving air quality, reflecting Indonesia's commitment to transitioning to a more sustainable economy.
The potential for Denera to lead in the waste-to-energy sector could also inspire other companies in the region to adopt similar sustainable practices, contributing to broader environmental benefits.
Regional Significance
The significance of Denera's initiatives extends beyond Indonesia, as they could serve as a model for other countries facing similar waste management challenges. By demonstrating the viability of waste-to-energy projects, Indonesia could position itself as a leader in sustainable energy solutions in Southeast Asia.
In conclusion, the listing of Denera and its ambitious projects represent a strategic step towards enhancing environmental sustainability in Indonesia, showcasing the government's commitment to achieving sustainable development goals.