
Singapore and Indonesia have signed a memorandum of understanding for a cross-border electricity project. The agreement was announced by Singapore's Prime Minister Lawrence Wong after a meeting with Indonesian President Prabowo Subianto in Jakarta. The project involves Indonesian sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp Industries, and Singapore Energy Interconnections, with price negotiations currently underway.
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Signed by sovereign wealth fund and Singapore energy firms
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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.
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