Indonesia Ban Energy Export to Singapore, Billion Dollars Investment Canceled

  • Bagikan, JAKARTA: The investment plan for solar power plants (PLTS) worth hundreds of trillions in the Riau Islands Province is confirmed to be canceled after the government confirmed the ban on electricity exports to Singapore.

The Minister of Investment and Head of the Investment Coordinating Board Bahlil Lahadalia emphasized that the plan to ban exports is to achieve the target of domestic new and renewable energy electricity needs which are targeted to reach 25 percent by 2025.

“We prohibit the export of EBT electricity to the world, and we are not talking about just one country (Singapore),” he said when opening the second meeting of the Trade, Investment, and Industry Working Group (TWIG) which is a series of side-events of the Indonesian G20 Presidency, Wednesday ( 6/7).

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He explained that the current domestic condition does not have sufficient reserves for EBT electricity so that it is not yet possible for export.
“We’re not ready, it means we don’t have enough EBT electricity, why are we exporting it? Please invest in Indonesia, but the electricity is used in Indonesia,” said Bahlil.

Bahlil’s assertion triggered uncertainty about the PLTS investment plan, which had planned to enter the Riau Archipelago Province. According to Regional Newsroom records, seven consortiums have expressed interest in building PTLS facilities in this province.

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The total investment is estimated to reach IDR 250 trillion with a generated energy capacity of around 20 gigawatts. One of the seven consortium that is ready is on Pulau Bulan, which is being developed by Medco Energy, PacificLight Power, and GallantVentures.

The consortium has even received the green light from the Energy Market Authority (EMA) to conduct trial exports to Singapore in 2024 with a capacity of 100 megawatts.

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