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EMA Grants Conditional Approvals for 2 Gigawatt of Electricity Imports from Indonesia
08 Sep 2023
EMA | Media Releases
08 Sep 2023
Singapore now 1GW away from meeting target of importing 4GW of low-carbon electricity by 2035.
The Energy Market Authority (EMA) is granting Conditional Approvals to five projects to import a total of 2 gigawatt (GW) of low-carbon electricity from Indonesia into Singapore. The projects are managed by:
Pacific Medco Solar Pte Ltd, formed by PacificLight Renewables Pte Ltd, Medco Power Global Pte Ltd and Gallant Venture Ltd
Adaro Solar International Pte Ltd., formed by PT Adaro Clean Energy Indonesia
EDP Renewables APAC
Vanda RE Pte Ltd, formed by Gurin Energy Pte Ltd and Gentari International Renewables Pte Ltd
Keppel Energy Pte Ltd
The Conditional Approvals build on multiple Memoranda of Understanding (MOU) between Indonesia and Singapore in the area of energy cooperation, namely:
A new MOU on Low-Carbon Energy and Cross Border Electricity Interconnection, signed between Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif and Singapore’s Second Minister for Trade and Industry Dr Tan See Leng in Jakarta on 8 September 2023;
The MOU on Renewable Energy Cooperation signed on 16 March 2023; and
The MOU on Energy Cooperation signed on 25 January 2022.
These MOUs affirm both countries’ commitment to facilitate cross-border electricity trading projects and interconnections between Indonesia and Singapore, and investments in the development of renewable energy manufacturing industries, such as solar photovoltaics (PV) and battery energy storage systems (BESS) in Indonesia.
The projects will facilitate the setting up of solar PV and BESS manufacturing plants in Indonesia. These projects aim to progressively install approximately 11 GWp of PV plants and approximately 21 GWh of BESS, and aim to commence commercial operations from end 2027.
Conditional Approval(s) are granted when EMA preliminarily assesses that the proposed electricity imports projects are technically and commercially viable. The Conditional Approval(s) facilitate companies in obtaining the necessary regulatory approvals and licences for their projects.
As the next step, the companies will be conducting their marine survey on the proposed route for their subsea power cables, as approved by the Indonesian authorities. The companies will also be supporting the efforts of Original Equipment Manufacturers on their development of PV and BESS manufacturing plants in Indonesia.
These five Conditional Approvals follow the earlier Conditional Approval granted to Keppel Energy in March 2023 to import 1GW of low-carbon electricity from Cambodia. Together, the 3 GW of Conditional Approvals bring Singapore closer to its ambition to import up to 4 GW of low-carbon electricity by 2035.
Low-carbon electricity imports through regional power grids are a key enabler in Singapore's efforts to decarbonise its energy supply, while accelerating renewable energy development in the region, facilitating economic growth, and diversifying energy sources away from fossil fuels.
EMA will continue to review electricity import proposals that EMA has received, with a view to granting more conditional approvals.
Annex A: Information on the Singapore Energy Transition Annex B: How Does the Request-for-Proposal Process Work?