JAKARTA, March 4 (Xinhua) -- Indonesia plans to launch up to 21 energy projects valued at approximately 45 billion U.S. dollars in the first phase this year, according to the country's Minister of Energy and Mineral Resources Bahlil Lahadalia.

Lahadalia, who also serves as the chief of the country's task force on accelerating the downstream industry and strengthening energy resilience, made the statement following a limited meeting with President Prabowo Subianto and several other ministers on Monday.

"We had a detailed discussion, including the names of the investment projects that we will undertake," Lahadalia said, adding that some projects will receive funding through Danantara, a super holding agency established to consolidate the management of state-owned enterprises and optimize dividends and investments.

Danantara, which was launched to oversee more than 900 billion dollars in assets, is expected to help fund the country's downstream projects for 28 commodities valued at over 800 billion dollars. These commodities include nickel, coal, petroleum, crude palm oil, tin, and rubber, Lahadalia said.

The minister noted that some of the key projects to be funded by Danantara include the construction of an oil storage facility on Nipah Island in the western province of Riau Islands and a project to convert coal into dimethyl ether as a substitute for liquefied petroleum gas. Enditem

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