PacificLight Power Pte Ltd (“PLP”), a Singapore-based power generation and electricity retail company, working with a consortium comprising Medco Power Indonesia, an Indonesian leading independent power producer, and Gallant Venture Ltd, a Salim Group company, has been granted in-principle approval by the Energy Market Authority (“EMA”) for a 100MW pilot solar import project from Indonesia to Singapore. The Project is in line with the Singapore Green Plan 2030 to increase renewable generation.
A Joint Development Agreement was signed between the consortium during the Singapore International Energy Week on 25 October 2021 and witnessed by the Minister of Energy and Mineral Resources of the Republic of Indonesia and Second Minister for Trade and Industry of Singapore.
PLP, Medco Power Indonesia and Gallant Venture are in advanced stages of developing a solar PV project that will supply renewable electricity exclusively to Singapore through the installation of solar panels at Bulan Island, 2.5 km south-west of Batam Island, Indonesia. The project is expected to have an installed generation capacity of 670MWp in the initial phase, which will provide 100MW equivalent of non-intermittent electricity. The renewable electricity generated will be supplied via a dedicated plant-to-grid 230 kV HVAC subsea connection to Singapore.
The electricity generation will be sufficient to power over 144,000 four-room HDB flats per annum and offset over 357,000 tonnes of carbon emissions annually. The project will play a pivotal role in meeting the Singapore government’s objectives to increase power generation from renewable sources and reduce the nation’s reliance on fossil fuels. Scheduled for commissioning in 2024, the project will allow Singapore offtakers to enjoy competitively-priced renewable electricity and significantly increase the solar capacity available to Singapore from the current level of 430MWp.
“PLP is committed to providing our customers with long term efficient energy solutions that are cost competitive and sustainable,” said Mr. Yu Tat Ming, Chief Executive Officer, PacificLight. “A number of large energy users have expressed keen interest to reduce their carbon footprint and Project Bulan will go a long way towards meeting their increasing desire for renewable energy. With the ability to add additional capacity as demand for renewable energy increases, we hope to play an important role in Singapore’s energy transition.”
Mr. Eka Satria, CEO of Medco Power, said, “As one of Indonesia’s leading independent power producers that is committed to clean and renewable energy development, we have proven experience in successfully developing green and renewable power projects, including the Sarulla geothermal project and Sumbawa solar facility. We are delighted to be working with PacificLight and the Salim Group in the development of the Bulan Project. In addition to the benefits that the project brings to Singapore in achieving its renewable energy targets, this project also provides many benefits to Indonesia through the investment commitment, job and industry creation and technology transfer, especially in the Province of Kepulauan Riau.”