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Indonesia plans to use sovereign fund to boost coal projects

Gulf Today

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March 08, 2025

Indonesia seeks to boost coal gasification projects using funding from its newly launched sovereign wealth fund Danantara Indonesia, the country’s energy minister said.

Indonesia, the world’s top thermal coal producer, has been pushing to process low-rank coal to produce dimethyl ether to slash LPG imports, but previous projects have stalled due to foreign investors pulling out.

“We only need the technology, the capital expenditure will be from the government and local investors,” Energy Minister Bahlil said late on Tuesday. “One of whom will be Danantara.

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