Indonesia is set to roll out approximately 21 energy projects worth $45 billion in the first phase of the current year, Minister of Energy and Mineral Resources Bahlil Lahadalia announced on Tuesday. Lahadalia, who also leads the national task force on industrial downstreaming and energy resilience, made the statement following a meeting with President Prabowo Subianto and senior ministers on Monday. Funding for several projects will be channeled through Danantara, a newly established super holding agency designed to streamline the management of state-owned enterprises and maximise dividends and investments. With over $900 billion in managed assets, Danantara aims to accelerate Indonesia's downstream development across 28 commodities—valued at more than $800 billion—including nickel, coal, petroleum, palm oil, tin, and rubber, Lahadalia noted. Among the key projects earmarked for Danantara funding are the construction of an oil storage facility on Nipah Island in the Riau Islands and the conversion of coal into dimethyl ether as a cleaner alternative to liquefied petroleum gas. Attribution: Xinhua Subediting: Y.Yasser
