Jakarta (WNAM MONITORING): Indonesia is poised to export 2-3 gigawatts of green electricity to Singapore, according to Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
Speaking at the Indonesia International Sustainability Forum 2024, Luhut announced that Indonesia had concluded negotiations with Singapore, leading to an energy export agreement.
“We initially planned to export 2 gigawatts but may increase this amount,” he remarked.
Luhut emphasized the importance of balancing domestic energy needs with exports. “While we are committed to exporting renewable energy, we must also prioritize domestic consumption,” he said.
The bilateral cooperation is estimated to be worth tens of billions of US dollars.
During the forum, Luhut stated that Indonesia aims to export 2 gigawatts of green electricity in the first phase, but this could potentially increase to 3 gigawatts given the country’s abundant renewable energy resources.
Rachmat Kaimuddin, Deputy for Infrastructure and Transportation Coordination, explained that in addition to the agreed 2 gigawatts of green power, Indonesia will also export 1.4 gigawatts of green alternating current.
To bolster its green energy industry, Indonesia partnered with Singapore last year to produce solar panels and battery energy storage systems (BESS). This collaboration enables Indonesia to supply green electricity to Singapore.
Furthermore, state-run electricity company PLN has launched the Accelerated Renewable Energy Development (ARED) Program to support Indonesia’s goal of increasing the capacity of its renewable energy power plants to 480 gigawatts by 2060.
