Jakarta (ANTARA) – Superholding company and sovereign wealth fund Danantara Indonesia aims to list its waste-to-energy (WtE) holding company PT Daya Energi Bersih Nusantara (Denera) on the Indonesia Stock Exchange (IDX) by the end of 2028 after the projects begin generating cash flow.”Once we have cash flow, we hope to complete it by 2028 and bring the company public here. That is one of our aspirations,” Danantara Chief Investment Officer Pandu Sjahrir said at the Investor Relations Forum 2026 in Jakarta on Monday.Pandu said the holding company would manage 33 projects with a total investment value of nearly US$5 billion.He said Danantara and the government would soon launch the second phase of the waste-to-energy projects along with the signing of power purchase agreements (PPAs).After all PPAs are finalized, project construction is expected to begin in the first week of June 2026, he added.Pandu said Danantara would also increase its ownership stake to at least 51 percent in the second development phase.He said the projects would involve both foreign and domestic partners to help address Indonesia's waste problem.Pandu said Denera had the potential to become one of the world's largest waste-to-energy companies and could become a positive catalyst for Indonesia's capital market if listed on the IDX.Established on April 1, 2026, Denera will serve as the holding company for waste-to-energy project developers and operators, each of which will consist of Denera and selected partner consortiums.The establishment of Denera is in line with Presidential Regulation No. 109 of 2025 on urban waste management through environmentally friendly renewable energy technology, as well as the government's vision of building cleaner, more resilient, and sustainable cities.