Sembcorp Industries and Gallant Venture have separately entered deals to supply renewable energy produced in Indonesia to Singapore, according to filings to SGX Monday.
The announcements come as Singapore’s Minister for Trade and Industry Gan Kim Yong said Monday the city-state plans to import up to 4 gigawatts of electricity by 2035, or around 30 percent of total supply, from Malaysia and Indonesia.
“Importing low-carbon energy will be a key needle mover in Singapore’s energy transition in the near to medium term,” Gan said, according to the released text. “Today, most of our energy depends on supplies which are imported anyway. Instead of importing all of it in molecules, we will import some of it as electrons. The technology for importing electricity, even over long distances and across seas, is mature and well-established.”
Sembcorp Industries joint venture
On Monday, Sembcorp Industries, Batam-based utility company PT PLN Batam and Indonesian renewable energy developer PT Trisurya Mitra Bersama (Suryagen) said they had signed an exclusive joint development deal to develop a large-scale integrated solar and energy-storage project on Indonesia’s Batam, Bintan and Karimun islands.
The project is planned for 1 gigawatt peak (GWp) of solar power generation capability and a large-scale energy storage system to manage intermittency, the companies said in a filing to SGX.
“To support the clean energy needs of the two markets, the renewable power generated onsite will supply the clean energy needs of the local communities and is proposed to be transmitted via subsea cables into Singapore,” the companies said in the statement.
Indonesia has also been working toward energy transition, setting a commitment to raise the renewable component of its energy mix to 23 percent by 2025, up from 11 percent currently, the statement said.
“The project is a strong example of the regional collaboration needed to enhance energy resilience and sustainability. It is also in line with Singapore’s plan to harness regional clean energy sources, and could potentially contribute significantly to Singapore’s transition to a clean energy future,” the statement added.
Gallant Venture project
In a separate announcement, Gallant Venture said it had entered a joint venture with Salim Group-related Pacificlight Power and PT Medco Power Indonesia to develop and operate a solar photovoltaic plant at Pulau Bulan, in Indonesia.
The project will be connected to the Singapore Power Grid network at Pacificlight’s existing site at Jurong Island to supply renewable energy to Singapore, the company said in a filing to SGX.
The Energy Market Authority (EMA) of Singapore has granted a 100MW conditional import license, the filing said.
Reuters reported Malaysian utility YTL PowerSeraya had been appointed for a two-year trial for importing 100 megawatts of electricity from Malaysia using existing interconnectors.