Denpasar, Bali, July 8 -- Indonesia's sovereign wealth fund, Danantara Indonesia, has broken ground on a Rp3 trillion waste-to-energy (PSEL) plant in Bali on Wednesday, marking the first project under its national waste-management initiative.

Located in Pedungan Village, Denpasar, the facility is designed to address acute regional waste issues by converting refuse into electricity using proven international technologies.

The project follows a fast-tracked directive from Indonesian President Prabowo Subianto to resolve the country's mounting waste crisis without triggering adverse environmental impacts.

To deliver the project, Danantara's subsidiaries, PT Danantara Investment Management (DIM) and PT Daya Energi Bersih Nusantara (Denera)...