JAKARTA - Minister of Energy and Mineral Resources or ESDM Bahlil Lahadalia said that the rules for exporting Indonesian electricity to Singapore are available. However, the plan has not been able to run because the price is still under discussion.
Bahlil said that the memorandum of understanding or MoU on electricity exports with Singapore had been signed about a year ago. After that, the process still continues in the negotiation stage.
"The export of electricity, the MoU was a year ago. However, the process is still ongoing. The negotiations are still ongoing," said Bahlil at the Presidential Palace Complex, Jakarta, Tuesday, July 7.
According to Bahlil, the discussion of electricity exports does not only concern prices. The government also takes care of regulations and various permits that are the authority of the Ministry of Energy and Mineral Resources.
"For regulations, for prices, and various permits, it is the government's domain. And it is the business of the Ministry of Energy and Mineral Resources," said Bahlil.
However, the implementation of electricity exports will be carried out with a business-to-business or B2B scheme. The scheme can involve Danantara SOEs with Singapore SOEs. Another option is for Indonesian and Singaporean private companies to work together.
"In its implementation, it is B2B. It can be BUMN Danantara with Singapore's BUMN, or other private options with private ones," said Bahlil.
Bahlil emphasized that electricity exports must comply with rules and benefit both parties. The government does not want the agreement to run if there is no meeting point that is considered fair.
"The important thing is to meet the requirements in the rules and to be mutually beneficial. That's the most important thing," he said.
When asked if there were rules for exporting electricity, Bahlil answered that there were. However, he again emphasized the condition of mutual benefit in the cooperation.
"The rules are there. And it must be mutually beneficial between both parties," said Bahlil.
Bahlil also explained the reason why the agreement had not been reached. Because the selling price of electricity has not found a common ground.
"Because there is no meeting point, that's why there is no agreement on the price," he said.
He said the new buying and selling rules could only be carried out after the price was agreed upon.
"If there is a price, I will only mention the rules," said Bahlil.
According to Bahlil, the implementation of electricity exports can later be carried out through a state-owned enterprise scheme with state-owned enterprises or private with private, after the price is agreed.
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