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Marubeni, Tuas Power seal $9b deal for green power export to Singapore
PT Marubeni Global Indonesia has inked a memorandum of understanding (MoU) with Singapore’s Tuas Power to export green electricity to the city state. The 9$-billion project would unfold in two phases, with the first to kick off in mid-2024.
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A technician performs maintenance work on a solar power system in Minas, Riau. (Photo:/R. Berto Wedhatama)
PT Marubeni Global Indonesia has inked a memorandum of understanding (MoU) with Singapore’s Tuas Power to export green electricity to the city state.
The US$9-billion deal was signed on Monday on the sidelines of Singapore International Energy Week, which runs until Friday.
Tuas Power, a subsidiary of China's Huaneng Power International, will be the recipient of renewable energy hailing from a proposed solar farm developed by Marubeni Global Indonesia, a subsidiary of Wiraraja Group in Batam, Riau Islands.
The project is set to have a peak capacity of 4.1 gigawatts (GWp), with an additional 10 GWp to be stored in battery energy storage systems (BESS), as reported by Bisnis.
Marubeni Global Indonesia managing director Tjaw Hioeng emphasized that the deal represented a crucial stride in the development of renewable energy.
“The collaboration underscores our commitment to strengthen the long-term energy security, to reduce emissions and foster a healthier environment for both Indonesia and Singapore through eco-friendly electricity,” Tjaw said.
