Business · Singapore Bureau
Indonesia sets price conditions for Singapore electricity exports
Indonesia's coordinating minister has signalled the country will not proceed with planned electricity exports to Singapore unless commercial terms are satisfactory. The statement raises questions about a bilateral arrangement to supply 3.4 gigawatts of low-carbon power by 2035.
LSN Singapore ·
Indonesia will only export electricity to Singapore if pricing conditions meet its requirements, according to remarks by the country's coordinating minister for maritime and investment affairs, Bahlil Lahadalia. The conditional stance introduces uncertainty into longstanding plans for the two countries to establish a significant cross-border power supply arrangement. Under the envisioned framework, Indonesia is scheduled to deliver 3.4 gigawatts of low-carbon electricity to Singapore by 2035, supporting both nations' renewable energy and climate commitments. Lahadalia's statement suggests negotiations over commercial terms remain unresolved, with Indonesia seeking favourable rates that reflect the value of its energy exports. Both countries have previously indicated strong interest in the interconnection project as part of broader regional energy cooperation initiatives in Southeast Asia.