SG, Indonesia ink pact on low carbon energy

The pact brings SG a step forward to its target to import up to 4GW of low-carbon electricity by 2035.

Singapore and Indonesia have agreed to strengthen their low-carbon energy project and cross-border electricity trade.

Under the memorandum of understanding (MOU) signed by the two countries, Singapore and Indonesia 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.”

The inking of the MOU brings Singapore closer to its target to import up to 4GW of low-carbon electricity by 2035.

Meanwhile, Singapore’s Energy Market of Authority (EMA) also granted five Conditional Approvals (CAs) for the importation of two gigawatts of electricity from Indonesia and Singapore.