Sovereign wealth fund Danantara Indonesia said on Wednesday it had launched construction of its first waste-to-energy plant on the resort island of Bali.
The power plant will have a processing capacity of 1,500 metric tons of waste per day with total investment expected at 3 trillion rupiah ($166.62 million).
The plant is expected to start operating in the first semester of 2028.
Danantara, which was launched in February last year, said the project is aimed at tackling waste problems in Bali and in other parts of Indonesia. Waste-to-energy plants are among the immediate projects in its investment pipeline.
The sovereign wealth fund had previously said it targeted the launch of similar projects in 33 cities across Indonesia.
($1 = 18,005.0000 rupiah)
Reuters
