Insight

Danantara Secures $10bn Partnership with ACWA Power

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Algo Research Team


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Key Summary:


  • Danantara partners with ACWA Power for energy transition
  • CWA Power also signed a strategic partnership with Pertamina
  • Indonesia, Saudi Arabia strengthen ties through DKT

Indonesia’s sovereign wealth fund, Danantara Indonesia, has announced a partnership worth $10 billion (around IDR 162 trillion) with ACWA Power, the leading energy company from Saudi Arabia. The collaboration aims to explore large-scale investments in the electricity and water sectors across Indonesia.


Headline deal: This strategic partnership was formalized through a Memorandum of Understanding (MoU) signed by Danantara CEO, Rosan Roeslani, and ACWA Power Vice Chairman and Managing Director, Raad Al Saady. The initiative underscores both parties' commitment to advancing renewable energy utilities development in Indonesia.


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