Indonesia, Singapore Ink MoU on Energy Cooperation

Wednesday, 26 January 2022 - Dibaca 1002 kali

MINISTRY OF ENERGY AND MINERAL RESOURCES

THE REPUBLIC OF INDONESIA

PRESS RELEASE

NUMBER: 40.Pers/04/SJI/2022

Date: 26 January 2022

Indonesia, Singapore Ink MoU on Energy Cooperation

Minister of Energy and Mineral Resources (EMR), Arifin Tasrif, and Singaporean Second Minister for Trade and Industry, Tan See Leng, on Friday (21/1) signed a Memorandum of Understanding (MOU) on energy cooperation. The MoU signing is one of the deliverables of a leaders' retreat between the President of the Republic of Indonesia, Joko Widodo, and the Prime Minister of Singapore, Lee Hsien Loong, on 25 January 2022 in Bintan.

"The MoU at the G-to-G level is the basis for both countries to encourage and enhance initiatives on energy cooperation projects, both at the government level and at the business level," said Arifin in his remarks after the virtual signing.

The MoU on energy cooperation, Arifin continued, will cover a number of areas, including the development of new, renewable energy such as solar power systems and hydrogen; cross-border electricity interconnection and regional electricity networks, energy trading, energy project financing; and the increase in human resource capacity.

Additionally, the MoU establishes a Working Group on Energy which will serve as a regular forum to establish, monitor, and evaluate energy cooperation between both countries. "I believe the Working Group is a crucial forum for both parties to work together in order to help realize the energy transition in each country. Topics for discussion can include CCUS and the development of new and renewable energy," Arifin continued.

Arifin also conveyed the urgency of renewable energy development between the two countries to support the development of Green Data Center and Renewable Energy Based Industry (REBID). Renewable energy development will also contribute to energy transition efforts and commitments to reduce carbon emissions between the two countries.

"This is the first G-to-G agreement on the energy sector for both parties. Therefore, it is a milestone in bilateral relations between Indonesia and Singapore," Arifin added.

Arifin said that Indonesia's position as G20 President is expected to open up an opportunity for Singapore to contribute to realizing the goals of the energy transition. "These include topics on energy accessibility, smart and clean technology development, and energy financing," said Arifin.

The signing was also attended by Indonesian Ambassador to Singapore, Suryapratomo, and Singaporean Ambassador to Indonesia, Anil Kumar Nayar.

Previously, on October 25, 2021, the Minister of EMR witnessed the signing of two Joint Development Agreements (JDA) on solar power system development between Indonesian and Singaporean business entities, namely a JDA between Indonesian PT Trisurya Mitra Bersama (Suryagen)-PLN Batam and Singaporean Sembcorp Industries, and a JDA between Indonesian Medco Power Energy and Singaporean Gallant Venture and PacificLight Energy. The JDAs will serve as an umbrella for the planned export of electricity generated by solar power plants in Indonesia to Singapore using an undersea high voltage alternating current (HVAC) transmission cable. (IY)

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