Denera reports over US$4 billion in interest for Indonesian waste-to-energy projects
The company estimates financing needs of about US$1 billion for its second phase, covering eight locations.
PT Daya Energi Bersih Nusantara (Denera) said banks had indicated more than US$4 billion in funding for Indonesian waste-to-electricity projects, against estimated second-phase financing needs of about US$1 billion. The company has established a lenders panel that has attracted interest from 34 domestic and international financial institutions.
Speaking at a media briefing in Jakarta on 19 October 2026, chief financial officer Ramadan Harahap described the funding interest as preliminary. He said banks viewed the projects not simply as commercial power ventures, but as investments in social infrastructure and environmental improvements to address waste problems.
Denera divided the interested institutions into four groups: 13 international banks specialising in project finance; institutions including ADB, AIIB, IsDB, KfW, AIIF and SMI; Himbara banks; and Indonesian commercial banks. Loan tenors on offer extend to 23 years, the company said.
Chief executive Fadli Rahman said the financing would support eight second-phase locations: Medan Raya, Kabupaten Bekasi, Lampung, Serang, Semarang, Surabaya, Bogor Raya 2 and Yogyakarta Raya. Indonesia’s waste-to-electricity programme currently covers 17 locations across 33 regencies and cities.
Fadli also attributed investor interest to a one-stop service arrangement involving Danantara and Denera. He said the government had addressed land-related investment risks, while Danantara and Denera had resolved permitting and power-purchase agreement matters. The arrangement covers environmental approvals, building approvals and electricity purchase agreements with PT PLN (Persero), according to Denera.
