Indonesian ⁠sovereign wealth fund Danantara and Singapore’s Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a ‌memorandum of understanding for a cross-border electricity project, Singapore’s prime minister said on Monday.Singapore’s Prime Minister Lawrence Wong was speaking at a press conference ⁠following a meeting with Indonesian President Prabowo Subianto ‌in Jakarta.Singapore’s Prime Minister Lawrence Wong speaks during a joint press conference with Indonesian President Prabowo Subianto after their meeting at the Merdeka Palace in Jakarta on Monday. Photo: ReutersSingapore and Indonesia are currently conducting price negotiations for ‌the cross-border electricity deal, Indonesia’s Energy ⁠Minister ⁠Bahlil Lahadalia said.“I think there will be ‌a breakthrough soon. We want everybody to reap the ‌benefits, ‌reaching a win-win solution for both,” Bahlil ‌said.The electricity deal is ⁠a follow-up to a string of early agreements ⁠Indonesia struck with Singapore in 2025, which includes a plan to supply ‌3.4 gigawatts ‌of low-carbon power to the city state by 2035.