Danantara plans IPO for waste-to-energy holding Denera
In Indonesia, Indonesia Business Post reported that Indonesia’s sovereign investment agency, BPI Danantara Indonesia, has signaled plans to list its newly established holding company, PT Daya Energi Bersih Nusantara, on the Indonesia Stock Exchange through an initial public offering (IPO).
The company, known as Denera, was established to oversee and manage waste-to-energy (WtE) projects across Indonesia.
Chief Investment Officer of Danantara Indonesia, Pandu Patria Sjahrir, said investor appetite for the large-scale initiative remains strong, with total projected investment estimated at $5 billion, according to the report.
Pandu said the company expects substantial long-term cash flow and aims to complete the projects by 2028, which forms part of the rationale for preparing Denera as a publicly listed company.
Earlier, Danantara’s Waste-to-Energy Lead, Fadli Rahman, said Denera was officially established on April 1, 2026, and will focus on implementing Waste-to-Energy Power Plant (PLTSa) projects across multiple regions in Indonesia.
Denera will operate as a subsidiary of PT Danantara Investment Management and will oversee both ownership and operational management of waste processing and energy generation projects under Danantara Investment.
Category: Fuels
