Jakarta, Oct. 24 -- Indonesia's sovereign wealth fund Danantara has revealed that more than 204 investors have expressed interest in developing the Electricity Generating Waste Processing (PSEL) program.

Speaking to reporters in Jakarta on Friday, Danantara CEO Rosan Roeslani said that of the 204 interested companies, 66 are foreign investors.

"We have opened the process, and so far, more than 204 investors from both domestic and international markets have expressed their interest," he said.

Roeslani said the investor selection and bidding process is expected to begin in November.

Despite the strong interest, he explained that Danantara's role is primarily to attract investors. Even if no private companies participate, the fund will p...