Indonesia Yet to Export Electricity to Singapore, Here's Why According to Bahlil
Jakarta, CNBC Indonesia - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has spoken out about Indonesia’s plan to export electricity to Singapore. In essence, the Indonesian government is still in negotiations, particularly regarding the price.
Initially, Bahlil explained that concerning energy cooperation with Singapore, a Memorandum of Understanding (MoU) was signed a year ago covering electricity exports, green electricity development, and Carbon Capture Storage (CCS) development.
“And that is a unified package we signed last year. Regarding the electricity to Singapore, the process is ongoing, but we are still negotiating the price, and our regulations stipulate that the price is determined by the government. We want a win-win solution, mutually beneficial,” Bahlil explained when met at the State Palace on Monday (6/7/2026).
According to Bahlil, the electricity cooperation must benefit both countries. Therefore, discussions on electricity exports are still focused on ensuring mutual advantages.
“But I think there will be a meeting point soon. We want everything to have benefits, a win-win for both parties. (Right now) it’s not yet win-win. I feel it’s not yet win-win at the current price,” Bahlil stated.
President Prabowo Subianto stated that his administration has appointed BPI Danantara to implement cross-border trade, specifically electricity exports to Singapore.
“Indonesia has appointed BPI Danantara to implement cross-border electricity trade cooperation, also in the field of trade,” President Prabowo said during a joint press conference with Singaporean Prime Minister Lawrence Wong at the State Palace on Monday (6/7/2026).
Prabowo also said Danantara has been tasked with activities in the energy sector, digital economy, and digital ecosystem. “We have conducted discussions and achieved concrete results,” Prabowo added.
Singaporean Prime Minister Lawrence Wong outlined the companies involved in the memorandum of understanding for electricity exports, namely Danantara, Keppel Electric, Sembcorp Industries, and Singapore Energy Interconnections.
“This agreement will provide a clear roadmap for the negotiation process towards a cross-border electricity interconnection project,” Wong said.
Wong expressed confidence that the project would deliver benefits to both countries simultaneously and serve as an important foundation for developing the ASEAN power grid to support regional energy security. This comes as Indonesia is building one of its largest solar power projects in Morowali, Central Sulawesi.