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Vena Energy to export electricity from Batam to Singapore
Singapore's Vena Energy, in partnership with one American and two Chinese firms, plans to export 2.5 terawatt hours (TWh) of electricity annually to Singapore from solar power generated in Batam, Riau Islands Province.
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Suntech Southeast Asia (left to right) vice sales president Li Binghui, Shell general manager Zee Loh, Coordinating Maritime Affairs and Investment Ministry undersecretary for infrastructure and transportation coordination Rachmat Kaimuddin, Vena Energy CEO Nitin Apte, Vena Energy Indonesia head of business Rudy Sembiring, REPT Battero CEO and chairman Cao Hui, Powin senior vice president and Asia Pacific head Danny Lu pose for a photo on Aug. 7, 2023, to mark the signing of a framework agreement in Jakarta. (Vena Energy/-)
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ingapore-based Vena Energy plans to export 2.5 terawatt hours (TWh) of electricity annually to Singapore from solar power generated in Batam, Riau Islands Province.
The electricity produced by the company would be supplied across the border to Singapore through Shell Eastern Trading, a Singapore-based subsidiary of United Kingdom-based oil and gas giant Shell, according to a press release published by Vena on Monday.
Vena Energy CEO Nitin Apte said the firm aimed to start construction in 2026 as it was still working on permits and licenses required for exporting to Singapore, as reported by Bisnis.
Read also: Singapore looks elsewhere amid doubt over RI green power exports
Vena Energy says it has been supporting Indonesia's green energy transition since 2015 through five solar and onshore wind projects with a combined capacity of 114 megawatts.
To implement the project, Vena Energy signed a collective framework agreement with Chinese solar cell manufacturer Suntech, United States-based energy storage provider Powin and Chinese battery cell manufacturer REPT Battero, the press release states.
The agreement, signed in a ceremony in Jakarta on Monday, includes exploring prospects for the local production of solar photovoltaic (PV) modules and battery energy storage system (BESS) components in Batam, which Vena Energy referred to as its hybrid megaproject.
