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Market Chatter: Danantara Indonesia Eyes IPO of Clean Energy Wing by 2028

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Danantara Indonesia is exploring a 2028 IPO for its clean energy arm Daya Energi Bersih Nusantara (Denera), the Jakarta Globe reported Monday.

Denera plans to complete 33 waste-processing power projects across Indonesia, which are expected to start generating cash in 2028, Danantara's Chief Investment Officer, Pandu Sjahrir said and the Jakarta Globe reported.

The firm can then be taken public by the end of 2028, he added while speaking at the Indonesia Stock Exchange in Jakarta.

The projects, valued at an estimated 87 trillion rupiah, will be carried out by creating waste-to-energy facilities in 33 cities, according to the report.

The fund currently has 24 shortlisted foreign investors for the project, with the first three tenders reportedly awarded to Chinese firms.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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