Danantara selects 34 institutions for waste-to-electricity lending panel
Indicative financing interest exceeds three times the programme’s estimated debt needs, but any funding remains subject to credit assessment and approval.
Indonesia’s Danantara has selected 34 financial institutions for a panel of prospective lenders to its waste-to-electricity programme, according to a statement dated 17 October 2026. The panel was established through PT Danantara Investment Management (DIM) and PT Daya Energi Bersih Nusantara (Denera).
DIM managing director of investment Stefanus Ade Hadiwidjaja said indicative financing interest exceeded three times the programme’s estimated debt requirements. He said membership could expand as projects develop and financing needs change.
The indications represent an initial assessment of funding capacity, rather than approved financing. Danantara Indonesia chief investment officer Pandu Sjahrir said commitments would still require due diligence and approval from each institution’s committee.
DIM and Denera will use the panel to assess potential lenders’ appetite and capacity across the project portfolio and for individual developments before formal financing begins. This will help them explore loan types, tenors, non-cash facilities and other funding arrangements.
Members include international project-finance institutions, multilateral development banks, bilateral development finance institutions, infrastructure financiers and climate fund managers. Domestic banks, international banks operating in Indonesia and Islamic banks are also represented.
PT Indonesia Infrastructure Finance was appointed financial adviser and consultant for the panel’s formation. The selection process began in July 2026 through a public announcement and direct invitations, with applicants assessed on financial capacity, financing experience, execution ability, flexibility and alignment with programme needs.
