Indonesia’s Energy and Mineral Resources Minister, Bahlil Lahadalia, has indicated that an agreement to export renewable electricity (EBT) to Singapore is close to being finalized. Negotiations between the two governments have reached convergence, and while a Memorandum of Understanding (MoU) is already signed, the final agreement is expected shortly. As part of the deal, Singapore has committed significant investment in Indonesia’s green energy infrastructure, particularly in establishing sustainable industrial zones in the Batam–Bintan–Karimun (BBK) region, with the investment value exceeding USD 10 billion. In addition, Singapore is pushing for cross-sector cooperation such as carbon capture and storage (CCS) as part of emissions reduction efforts.
This potential export deal is more than a power trade—it is a strategic move for Indonesia to strengthen its role as a clean energy supplier in Southeast Asia while attracting major green investments. Bahlil emphasized that the export would respect both countries’ regulatory frameworks and sovereignty. The collaboration supports Indonesia’s transition goals and underlines its commitment to achieving net-zero emissions by 2060.
