Jakarta, Oct. 15 -- Indonesia's sovereign wealth fund, Danantara Indonesia, announced that more than 100 national and international companies have expressed interest in participating in the national waste-to-energy processing plant development project tender.

"We announced the project two weeks ago, and around 120 companies have submitted their bids. The criteria for selecting the tender winner are simple: the company that offers the best technology with minimal environmental impact," Danantara Chief Investment Officer Pandu Patria Sjahrir said in Jakarta on Wednesday.

The waste-to-energy project is part of the government's broader strategy to tackle the country's waste crisis, as the total volume of waste generated nationwide "could co...