Pandjaitan stated that the UAE energy and infrastructure minister, Suhail Mohamed Al-Mazroui, personally communicated this commitment, suggesting a joint venture scheme to develop a renewable energy power plant with a capacity of 10 gigawatts.
"He said, okay, let us do a joint venture (to develop) 10 gigawatt (energy power plant), which translates to USD10 billion," the DEN head stated here on Thursday.
He emphasized that the formation of Danantara exemplifies President Prabowo Subianto's strategic step to optimize Indonesia's economic potential, with the investment management agency expected to oversee assets totaling up to USD900 billion.
Pandjaitan remarked that Danantara will also ensure Indonesia has more opportunities to bolster its economic development and transparency in managing state-owned enterprises.
President Prabowo Subianto will officially declare the establishment of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) on February 24, 2025.
The third amendment of Law No. 19 of 2003 on State-owned Enterprises, approved during the parliament's plenary session on February 4, 2025, legitimized the establishment of Danantara, which is expected to optimize the potential of Indonesian state-owned enterprises.
Danantara will manage assets handled by the Indonesia Investment Authority (INA) and seven major state-owned enterprises, whose total value stands at Rp9,480 trillion (USD580 billion), positioning it among the largest sovereign wealth funds globally.
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Translator: Ahmad Muzdaffar F, Nabil Ihsan
Editor: Rahmad Nasution
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