Danareksa requests IDR 2 trillion from PMN to finance 5 projects including KEK for food security and energy in Merauke

TEMPO.CO, Jakarta -PT Danareksa (Persero) requests the withdrawal of state capital (PMN) worth IDR 2 trillion for the 2025 budget year, Danareksa President Yadi Jaya Ruchandi said the PMN would be distributed to finance five projects.

“We propose to distribute IDR 2 trillion to five projects. Four projects are indeed possible cores “Our case, the fifth, is an assignment,” Yadi said in a joint hearing with Committee VI of the Indonesian House of Representatives (DPR RI) at the Senayan Complex on Wednesday, July 10, 2024.

He said the PMN was used to finance development projects for the Wijayakusuma Industrial Area (KIW) and the Makassar Industrial Area (KIMA). The aim is to get the investments in order scale up State-owned enterprises (BUMN). brought on.

Danareksa will then also use the PMN for the Drinking Water Management System (SPAM) project in Bandung. This project is a form of acceleration of the government’s objective regarding providing access to clean water.

In addition, it is also for the development of Persero Batam Port Batu Ampar. The goal is to change ‘Singapore Central’ become ‘Batam central’ as a regional container port center or Batam. Finally, PMN Danareksa will be used for the development of Special Economic Zones (KEK) for food and energy security in Merauke.

“Yesterday we were asked why Danareksa entered the Food and Energy SEZ. Actually that is not the point, the point is that we were asked to coordinate and manage the industrial area there. This is just a catalyst, so that later there will be investors who will invest in the area on the farm yet outside the farm,” said Yadi.

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In his presentation, Yadi said the PMN facility would be a catalyst for Danareksa’s business development, with more measurable financial principles to support the vision of a Golden Indonesia 2045.

PMN distribution to Merauke Food and Energy Security SEZ, Bandung SPAM and Batam Persero is done in the form of equity through Danareksa. Meanwhile, PMN for the development of KIW and KIMA is channeled through operational cooperation, because it cannot be channeled as equity to avoid dilution of other shareholders’ shareholdings. PMN also cannot be distributed as shareholder loan.

Yadi explained that the qualitative impact of the five projects included employment during the construction and operational period, industrialization and technology transfer, increased investment in the region and equitable infrastructure development. Subsequently, he said, it also had implications for increasing Indonesian human resources, social change, increasing access to clean water, developing renewable energy, reducing logistics costs, modernizing ports and increasing the growth of the Gross Regional Domestic Product (GRDP).

Editors Choice: Dozens of BUMNs will be affiliated with Danareksa, here’s the explanation


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