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Joint Press Release - Singapore and Indonesia Sign MOU To Strengthen Cross-Border Electricity Trade

Singapore and Indonesia signed a Memorandum of Understanding to strengthen cooperation on low carbon energy projects and cross-border electricity trade. The MOU will facilitate the development of commercial projects for trading low-carbon electricity between the countries according to their laws and regulations. It builds on previous agreements between Singapore and Indonesia to strengthen bilateral energy cooperation and supports Singapore's target to import up to four gigawatts of low-carbon electricity by 2035.

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111 views2 pages

Joint Press Release - Singapore and Indonesia Sign MOU To Strengthen Cross-Border Electricity Trade

Singapore and Indonesia signed a Memorandum of Understanding to strengthen cooperation on low carbon energy projects and cross-border electricity trade. The MOU will facilitate the development of commercial projects for trading low-carbon electricity between the countries according to their laws and regulations. It builds on previous agreements between Singapore and Indonesia to strengthen bilateral energy cooperation and supports Singapore's target to import up to four gigawatts of low-carbon electricity by 2035.

Uploaded by

Gema Kalianget
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© © All Rights Reserved
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SINGAPORE AND INDONESIA SIGN MEMORANDUM OF

UNDERSTANDING TO STRENGTHEN CROSS-BORDER


ELECTRICITY TRADE

1. Singapore and Indonesia signed a Memorandum of Understanding


(MOU) to strengthen low carbon energy project and cross-border electricity
trade today. The MOU was signed by Singapore’s Second Minister for Trade
and Industry Tan See Leng and Indonesia’s Minister for Energy and Mineral
Resources Arifin Tasrif in Jakarta, Indonesia at the sidelines of the Indonesia
Sustainability Forum (ISF). The MOU brings Singapore a step forward towards
its target to import up to four gigawatts of low-carbon electricity by 2035.

2. Under the MOU, both countries will cooperate to support the


development of commercial projects for cross-border trading of low-carbon
electricity, facilitate such projects according to their respective laws and
regulations and collaborate on interconnections for cross-border electricity
trading.

3. This MOU builds on existing MOUs signed between Singapore and


Indonesia that call for stronger bilateral energy cooperation for the benefit of
businesses and citizens. This includes the MOU on Renewable Energy
Cooperation signed by Senior Minister and Coordinating Minister for National
Security Teo Chee Hean and Indonesia Coordinating Minister for Maritime
Affairs and Investment Luhut Pandjaitan in March 2023, and the MOU on
Energy Cooperation signed by Minister Tan and Minister Arifin in January 2022.

4. Minister Tan said, “Singapore and Indonesia are longstanding partners


with many areas of common interests. The MOU we have signed today and the
Conditional Approvals (CAs) for two gigawatts of electricity imports are
testament to this robust relationship. This MOU serves as an opportunity for us
to strengthen our collaborations on cross-border electricity trade. Doing so
supports the decarbonisation of both countries. I am confident that this MOU
will pave the way for businesses to explore new areas of investments in
renewable energy.”

5. Minister Arifin said, “As we strengthen our connections across borders,


we are creating an ecosystem of energy flow that transcends geographical
boundaries. This spirit of interconnectivity goes beyond power lines and
pipelines; it represents a mutual and equal cooperation between our nations.”

6. Singapore’s Energy Market of Authority will also be granting CAs to five


projects to import a total of two gigawatt of low-carbon electricity from Indonesia
to Singapore. The CAs facilitate companies in obtaining the necessary
approvals and licences for their projects, including the setting up of
manufacturing plants for solar photovoltaics and battery energy storage
systems in Indonesia. More information can be found in EMA’s press release1.

MINISTRY OF TRADE AND INDUSTRY, SINGAPORE


MINISTRY OF ENERGY AND MINERAL RESOURCES, INDONESIA

8 SEPTEMBER 2023

1
Please visit www.ema.gov.sg for EMA’s press release on the CAs.

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