Jakarta, July 14 -- PT Danantara Investment Management (DIM) and PT Daya Energi Bersih Nusantara (Denera) selected eight partners for Phase 2 waste-to-energy projects, advancing Indonesia's investment drive and waste management strategy, officials said.

Both companies are units of Danantara Indonesia, the country's sovereign wealth fund, established to accelerate strategic investments.

"All selection stages were conducted objectively, based on good corporate governance principles and international best practices," DIM Investment Director and Denera Chief Executive Officer Fadli Rahman said on Monday.

Rahman said partners were assessed on waste-to-energy project experience, financial strength, implementation and commercialization timeli...