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Market Chatter: Indonesia Seeks Energy Independence Through Waste-to-Energy Plants

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Indonesia is planning to develop power plants converting waste to energy in a bid to reduce landfill waste and become self-reliant in the energy sector, Nikkei Asia reported Thursday.

Under the plan, sovereign wealth fund Danantara is reportedly set to construct 33 power plants across Indonesia over the next few years.

Danantara will collaborate with firms in the private sector to build the plants and will hold a maximum 30% interest in each project, Nikkei Asia said.

The fund held the first round of bidding in March, with the second set to start soon with 100 potential investors registered, the newswire reported citing Danantara Chief Investment Officer Pandu Sjahrir.

Indonesia is currently facing challenges with the supply of petroleum and other energy resources amid the Middle East conflict.

The plants, to be built with a total cost of 91 trillion rupiah, are expected to process 33,000 tons of waste every day and supply up to 800 megawatts of electricity, supporting energy self-sufficiency, according to the report.

(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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