JAKARTA, April 10 — Indonesia’s sovereign wealth fund Danantara Indonesia has set up a new state-owned entity to speed up investment in waste-to-energy projects, amid rising demand for more sustainable waste management solutions.
JAKARTA, April 10 — Indonesia’s sovereign wealth fund Danantara Indonesia has set up a new state-owned entity to speed up investment in waste-to-energy projects, amid rising demand for more sustainable waste management solutions.
Investment director at Danantara Investment Management (DIM), Fadli Rahman, said the new company, known as PT Daya Energi Bersih Nusantara (Denera), was established on April 1.
“It is a new company founded by DIM to focus on the waste-to-energy programme,” he said, as reported by Antara News Agency on Friday.
Rahman, who oversees waste-to-energy initiatives at DIM, said Denera will take equity stakes in projects formed through joint ventures, holding a 30 per cent share, while private developers will retain the remaining stake.
He added that Denera, a subsidiary of DIM, will also be responsible for operating the projects.
He also noted that each waste-to-energy facility is expected to cost around Rp2.5 trillion (RM580.6 million) to Rp2.8 trillion, highlighting the capital-intensive nature of the sector. — Bernama
JAKARTA, April 10 — Indonesia’s sovereign wealth fund Danantara Indonesia has set up a new state-owned entity to speed up investment in waste-to-energy projects, amid rising demand for more sustainable waste management solutions.
KEPALA BATAS, April 10 — A six-year-old boy drowned after falling into a canal in Sungai Dua along Jalan Bertam Perdana 2 here yesterday.
MOSCOW, April 10 — Russia has handed over the remains of 1,000 soldiers to Ukraine in a rare wartime exchange, according to a Russian source in Moscow’s negotiating team, while Kyiv returned the bodies of 41 Russian troops in return.