Singapore, Indonesia to collaborate on cross-border electricity project
AI Summary
Singapore and Indonesia signed a memorandum of understanding for a collaborative cross-border electricity project. Key participants include Indonesia's Danantara sovereign wealth fund and Singapore companies Keppel Electric, Sembcorp Industries, and Singapore Energy Interconnections, with officials negotiating pricing.
Indonesian sovereign wealth fund Danantara and Singapore’s Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore’s prime minister said on Monday. Singapore’s Prime Minister Lawrence Wong was speaking at a press conference following a meeting with Indonesian President Prabowo Subianto in Jakarta. Singapore and Indonesia are currently conducting price negotiations for the...