SINGAPORE, July 6 — Singapore stands ready to advance partnership with Indonesia in unlocking its tremendous renewable energy potential, said Prime Minister Lawrence Wong.
He said recent developments in West Asia underscored the importance of energy security and diversification.
Indonesia’s sovereign wealth fund Danantara today signed memoranda of understanding (MOUs) with Keppel Electric, Sembcorp Industries and the Singapore Energy Interconnections during the annual Indonesia-Singapore Leaders’ Retreat in Jakarta.
Wong said the collaboration will provide a clear roadmap for negotiations and discussions between the parties, paving the way for a Singapore-Indonesia cross-border electricity project.
“We believe such a project is a win-win for both countries, and it will also be an important building block for a wider Asean power grid that will strengthen energy security across our region,” he said during a joint press conference with Indonesian President Prabowo Subianto on Monday.
Meanwhile, Wong also reaffirmed Singapore’s commitment to continuing its engagement with Indonesia to strengthen Asean Centrality and regional development as it assumes the chairmanship next year.
“Next year as Singapore gets ready to be the chair of Asean, we will engage and consult with Indonesia closely to shape the agenda for our chairmanship.
“Singapore will also continue to support Indonesia’s development priorities through capacity building programmes, including in areas like healthcare and agricultural technology,” he added.
Meanwhile, the Singapore Ministry of Foreign Affairs said in a statement that the two leaders witnessed the presentation and exchange of new MOUs on carbon credit collaboration, the offtake of cross-border electricity exports, and the development of transmission assets related to cross-border electricity trading (CBET).
It also includes environmental cooperation, digital cooperation, and the exchange of technical information and collaboration on nuclear matters.
“The leaders welcomed new areas of collaboration in financial technology, research cooperation, women empowerment and child protection, cross-border debt restructuring, health products and medicines, and regional supply chain integration,” it said. — Bernama