Author: Dionisio Damara Tonce
Published on August 6, 2025
Editor: Ibad Durrohman
Bisnis.com, JAKARTA — Danantara Indonesia is increasingly aggressively expanding its investment strategy following its involvement in two projects owned by PT Chandra Asri Pacific Tbk. (TPIA) and PT Pertamina Geothermal Energy Tbk. (PGEO).
In the Chandra Asri project, Danantara, together with the Indonesia Investment Authority (INA), will be involved in the Chlor Alkali–Ethylene Dichloride (CA-EDC) plant project, which has an investment value of US$800 million or approximately Rp13 trillion.
This facility will strengthen the production capacity of caustic soda and ethylene dichloride, vital raw materials for the nickel, alumina, and clean water industries.
Danantara Chief Investment Officer (CIO) Pandu Sjahrir stated that the investment plan will strengthen the resilience of the national industry by reducing dependence on imports.
“With this collaboration, we are building the foundation for a more resilient and sustainable industry,” he said in an official statement some time ago.
The plant, operated by PT Chandra Asri Alkali, will be built in two phases. The initial phase will include a capacity of 400,000 tons of solid caustic soda, equivalent to 827,000 tons of liquid, and 500,000 tons of EDC per year. EDC is also being prepared for export, with potential foreign exchange earnings of IDR 5 trillion per year.
In addition to the basic chemical project, Danantara is currently facilitating a synergy between PT Pertamina (Persero) and PT PLN (Persero) in the development of geothermal energy with a total capacity of 1,130 MW, with a potential investment of US$5.4 billion.
The agreement, facilitated by PT Danantara Asset Management (Persero), Danantara Indonesia’s operational holding company, covers the Ulubelu Bottoming Unit project in Lampung and the Lahendong Bottoming Unit in North Sulawesi, including a technical feasibility study and accelerated implementation.
Danantara Indonesia CEO Rosan Roeslani stated that this step is part of the transition to a low-carbon economy.
“We are ensuring accountable governance to create inclusive and sustainable growth,” he said in a press release on Tuesday (August 5, 2025).
The scope of work includes formulating partnership schemes, utilizing geothermal working areas (WKP), accelerating project implementation, technical feasibility studies, and establishing joint working teams.
It is estimated that 19 existing projects with a capacity of around 530 MW will be accelerated through operational synergy across entities. The potential additional capacity is projected to reach 1,130 MW with an investment value of US$5.4 billion.
Pertamina President Director Simon Aloysius Mantiri stated that he is ready to expand geothermal utilization as the backbone of national clean energy.
“We are exploring collaborative schemes that allow for the optimization of the potential of geothermal working areas in a measured and progressive manner,” he said.
Meanwhile, PLN President Director Darmawan Prasodjo stated that the collaboration will strengthen the company’s long-term strategy to increase clean energy capacity.