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.

“We want Indonesia to succeed because our futures are closely linked. And our confidence in Indonesia is reflected in our actions,” says Prime Minister Lawrence Wong.

Kemungkinan Indonesia akan mengekspor listrik 3,4 gigawatt (GW) ke Singapura.