SCMP Economy1d agoEnergy1 min readChina
Indonesia and Singapore Sign MOU for Cross-Border Electricity Project
Quick Look
- Indonesia's sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp Industries, and Singapore Energy Interconnections signed an MOU for a cross-border electricity project.
- This follows earlier agreements to supply 3.4 GW of low-carbon power to Singapore by 2035.
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Why It Matters
Indonesia and Singapore are deepening energy cooperation, building on previous agreements for low-carbon power supply.
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Indonesian sovereign wealth fund Danantara and Singapore’s Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore’s prime minister said on Monday.
“I think there will be a breakthrough soon. We want everybody to reap the benefits, reaching a win-win solution for both,” Bahlil said.
The electricity deal is a follow-up to a string of early agreements Indonesia struck with Singapore in 2025, which includes a plan to supply 3.4 gigawatts of low-carbon power to the city state by 2035.
Open Questions
- Specifics of the cross-border electricity infrastructure
- Timeline for project implementation
Related Topics
This article was originally published by SCMP Economy.
