SINGAPORE - The Singapore government together with Indonesia announced a Memorandum of Understanding (MoU) for the procurement of clean energy. The announcement was made on Monday, June 16 in Singapore to coincide with President Prabowo Subianto's state visit.
According to the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia, the signing of the MoU had actually been carried out on Friday last week.
Singapore's hope of importing clean energy was answered by the Indonesian government by preparing three areas, namely Karimun, Riau Islands, and Bintan or KKB.
Preparing the area to become an industrial area, Bahlil emphasized that he had coordinated with the Minister of Law, regarding the legal aspect, so that there would be no problems in the future.
According to Bahlil, the total investment is around USD 10 billion. The investment will be borne by the governments of Singapore and Indonesia through Danantara.
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