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Indonesia Danantara, BUMN restructuring and solar program

Updated 16 times since CLSTR started tracking revisions of this situation.

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2026-09-08 02:59 UTC → 2026-09-25 02:02 UTC · added ~~removed~~

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). Danantara’s Chief Operating Officer, Dony Oskaria, has reported that this process remains difficult due to massive liabilities totaling hundreds of trillions of rupiah and complications involving more than 20 subsidiaries per enterprise. To protect workers, creditors, and investors, the agency is avoiding immediate mergers or bankruptcy, opting instead for a gradual review of business models and cost structures. While there is a target to complete restructuring by the end of 2026, legal challenges facing entities like WIKA Realty and issues with LRT City make the timeline uncertain. To strengthen resource governance, PT Danantara Sumberdaya Indonesia (DSI) began operations on June 1, 2026, 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 to consolidate commodity data and 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, aiming for full operation by January 1, 2027. Regarding energy, President Prabowo Subianto has officially launched a 100 GWp solar power program (PLTS) in Gilimanuk, Bali, to achieve energy sovereignty and reduce import reliance. The program is estimated to require US$ 71.3 billion to US$ 73 billion in investment and is projected to create over 5.5 million jobs. ~~The~~ This initiative ~~is expected to reduce carbon emissions~~ aligns with broader climate strategies outlined by ~~up to 140 million tons~~ Minister of ~~CO2 annually and potentially save up to Rp73.9 trillion in annual subsidies.~~ Environment Moh. Jumhur Hidayat at the 2026 UN Climate Summit.

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