Perpres 109/2025

Regulatory tailwind

Zero operating capacity

Award-stage ready

0 vs 3

LOI-stage

• Replaces PR 35/2018 incineration-first regime

• Mandates non-thermal AD for wet organic waste

• Places project in PSE Bioenergy + Renewable Fuels category

• PMK 130/2020 tax holiday: 5 yr × 100% — all 3 SPVs qualify

• Omnibus Law OSS streamlines federal–provincial–regency permits

• Indonesia: 0 operating waste-to-gas AD plants today

• Malaysia: 3 operating plants (Penang reference)

• Penang plant uses identical CLAD configuration

• Greenviro Solutions continuity from Penang into Indonesia

• First-mover platform in regulator-mandated market

• All 3 SPVs through Development → MoU → FS stages

• Lamsel LOI signed — Award is the next milestone

• PDP MoU 454 active to Oct 2026; FS done; LOI next

• Bandung MoU signed; FS presented Oct 2025; LOI next

• Local-government in-kind support secured at all 3 sites

End-to-end award process · status by SPV

Development

✓ All 3

MoU

✓ All 3

Feasibility

✓ All 3

LOI

✓ 1 of 3

Award

Next: Lamsel

Mobilization

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FEED

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Financial Close

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Construction

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COD

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