# Indonesia Danantara and BUMN restructuring

> Live situation record from CLSTR: https://clstr.news/situations/indonesia-danantara-and-bumn-restructuring
> Updated: 2026-08-24T02:49:56.000Z. Sources: 25. Developments: 2.

Indonesia is undergoing a strategic transformation of its state-owned enterprises (BUMN) through the Danantara investment agency to bolster national fiscal stability. Initial efforts have focused on the complex restructuring of state-owned construction enterprises (BUMN Karya), with Danantara pursuing a gradual approach to protect workers, creditors, and investors. To strengthen resource governance, PT Danantara Sumberdaya Indonesia (DSI) began operations on June 1, 2026. Led by CEO Luke Thomas Mahony, DSI is preparing to launch a natural resource export governance platform on September 1, 2026. DSI will act as the sole intermediary for exports until the end of 2026, aiming to consolidate commodity transaction data and integrate with seven government ministries to prevent price manipulation. In the regulatory sector, the Indonesian House of Representatives (DPR) Commission XI has approved M. Sarjito as the Head of Executive Oversight for the Mineral and Strategic Commodity Exchange (BMKS) under the OJK for the 2026-2031 period. Following a fit and proper test, Sarjito aims to have the exchange fully operational by January 1, 2027, to transition Indonesia from a price taker to a “price influencer” in the global mineral market. Regarding energy, President Prabowo Subianto has officially launched a 100 GWp solar power plant (PLTS) program in Gilimanuk, Bali. With an estimated investment of Rp1,140 trillion (US$71.3 billion), the program targets completion by 2029 and aims to reduce annual energy subsidies by Rp73.9 trillion while lowering greenhouse gas emissions by approximately 140 million tons of CO2 per year. The President has set an ambitious timeline, suggesting that completing the project within two years could earn rewards for the cabinet, though the official target is three years. The initiative will be implemented in stages, with an initial 30 GWp target for 2026 and the decommissioning of 13 GW of diesel power plants.

## Claims

- DSI targets the launch of its natural resource export governance platform on September 1, 2026. (disputed)
- DSI began operations on June 1, 2026. (disputed)
- The solar power program is estimated to save approximately Rp 73.9 trillion in energy subsidies annually. (corroborated by 8 sources)
- The program is projected to reduce greenhouse gas emissions by approximately 140 million tons of CO2 per year. (corroborated by 5 sources)
- The 100 GWp solar power program is part of the national priority work cluster for energy and water independence. (corroborated by 4 sources)
- President Prabowo Subianto has instructed that the 100 GWp solar power plant construction be accelerated and completed by 2029. (corroborated by 4 sources)
- In 2026, the government targets the construction of 30 GWp of solar power and the decommissioning of 13 GW of diesel power plants. (corroborated by 4 sources)
- The 100 GWp solar project will be built in stages: Stage I at 17 GWp, Stage II at 18 GWp, and Stage III at 30 GWp. (corroborated by 4 sources)
- Indonesia has a verified solar energy potential of approximately 3,294 GWp. (corroborated by 4 sources)
- Komisi XI DPR RI approved Sarjito as the Executive Head of Supervision for the Strategic Mineral and Commodity Exchange (BMKS) for the 2026–2031 period. (corroborated by 4 sources)
- The 100 GWp solar power program requires an estimated investment of approximately Rp1,140 trillion (US$71.3 billion). (corroborated by 4 sources)

## Timeline

### 2026-08-24: Indonesia launches 100 GWp solar power program in Bali

President Prabowo Subianto launched a 100 GWp solar power program in Bali, targeting completion by 2029 to boost energy independence, create 5.5 million jobs, and reduce carbon emissions significantly.

25 sources. https://clstr.news/cluster/bpi-danantara-reports-soe-reform-progress-and-profit-targets

### 2026-08-18: Danantara COO reports complex restructuring for BUMN Karya

Danantara COO Dony Oskaria stated that restructuring Indonesia's state-owned construction firms is a complex, gradual process due to massive debts and issues spanning multiple subsidiary levels.

5 sources. https://clstr.news/cluster/danantara-coo-reports-complex-restructuring-for-bumn-karya

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Cite as: Indonesia Danantara and BUMN restructuring. CLSTR, https://clstr.news/situations/indonesia-danantara-and-bumn-restructuring