Danantara Launches Tomorrow, Will Manage Jumbo Assets Of IDR 14,715 Trillion

JAKARTA - The Anagata Nusantara Power Investment Management Agency (BPI Danantara) will be launched by President Prabowo Subianto tomorrow, Monday, February 24. Danantara will later manage assets of 900 billion US dollars or Rp. 14,715 trillion (assuming an exchange rate of Rp. 16,350 per US dollar).

This Danantara launch plan was delivered directly by Prabowo when he was a speaker at the World Government Summit 2025 on Thursday, February 14. This event was also attended by leaders from various countries.

"We are preparing to launch Danantara Indonesia, your new state investment fund (institution). According to the initial evaluation, we have (management assets) exceeding 900 billion US dollars," Prabowo said as quoted from the Presidential Secretariat's YouTube, Sunday, February 23.

Prabowo explained that Danantara will manage existing capital in State-Owned Enterprises (BUMN) into sustainable projects in various sectors.

Furthermore, Prabowo believes these projects can help Indonesia achieve 8 percent economic growth.

"Investments will be carried out in various sectors such as renewable energy, advanced manufacturing, downstream industries for food production and others," he explained.

For your information, the formation of Danantara is strengthened by the ratification of the third amendment to the State-Owned Enterprises (BUMN) Law number 19 of 2003 on February 4.

Launching the final draft of the BUMN Draft Law (RUU), Article 1 states that Danantara is a body that carries out the government's duties in the field of managing BUMN dividends as regulated in the bill. This provision is different in the Inventory List of Problems (DIM) of the BUMN Bill, where Danantara is assigned to manage SOEs.

Then, Article 3E paragraph (3) in the BUMN Bill explains that the purpose of establishing Danantara is to increase and optimize investment and operations of SOEs, and other sources of funds.

In addition, Danantara has the authority to manage investment holding dividends, Operational Holding, and BUMN dividends. The Investment Holding and Operational Holding were formed by the Minister of SOEs together with Danantara.

The Danantara is also authorized to approve the proposal to delete books and/or delete collections on state-owned assets proposed by the Investment Holding or Operational Holding with the Minister of SOEs. Then, Danantara is also authorized to provide loans, receive loans, and secure assets with the President's approval.

Meanwhile, Article 3J explains that Danantara's assets come from capital. Where Danantara's capital comes from state capital participation (PMN) originating from cash funds, state property, and/or state-owned shares in BUMN. Then, Danantara's capital can also come from other sources.

Meanwhile, Article 3G explains the nominal value of Danantara's capital of at least Rp1,000 trillion, which can be added through PMN and/or other sources.