PT Danantara Investment Management (DIM) targets the groundbreaking of the second phase of the waste-to-energy (PSEL) project to be carried out by the end of the third quarter of 2026.
"We hope that there will be another groundbreaking, yes, God willing, by the end of Q3 (third quarter) this will all be completed, more or less or early Q4 (fourth quarter)," said Chief Executive Officer (CEO) of DIM Pandu Sjahrir as reported by ANTARA, Thursday, July 16.
DIM together with PT Daya Energi Bersih Nusantara (Denera) has determined eight selected partners for the second phase of the PSEL project.
After being elected, Pandu explained that the eight partners would carry out the power purchase agreement (PPA) and financial close process with Danantara, which is targeted to be completed in the third or fourth quarter of this year.
"For the second phase, this is the selection of the main partner who will run from the PPA side, the most important thing is the power purchase agreement and financial close. We hope that this will be completed in Q3 or Q4 and in parallel we are also carrying out this second phase," said Pandu.
Pandu emphasized that the second phase of the PSEL project would be more or less the same process as the first phase.
"From the team's side, we are now finalizing them to do a financial close. Yes, this is certainly from the process will be similar to the first stage," said Pandu.
DIM together with Denera have determined eight selected partners for the second phase of the PSEL project and the selection includes 8 development locations and covers 20 regencies/cities, where the determination of the selected partners at each location is still conditional and subject to the fulfillment of all applicable procurement requirements.
From the 85 selected provider lists (DPT), CEO) Denera Fadli Rahman explained that there were 68 applications for 8 project locations, which based on the results of the evaluation, each location had a selected partner and a backup partner.
Later, the selected partners will receive a conditional letter of award (CLoA), which is a conditional determination as a PSEL developer and manager business partner.
In addition, the selected partners will be designated as business partners of PSEL developers and managers after all the requirements in the CLoA are met, while the reserve partner is designated as an alternative mechanism if the selected partner cannot meet the requirements set.
After the issuance of the CLoA, Fadli emphasized that each selected partner must meet the requirements for the final letter of award, including the preparation of a feasibility study that can be accepted by both parties, finalization of the project structure, formation of a joint venture company, and completion of commercial documents and obtaining financing approval.
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