Singapore And Indonesia Agree On Cooperation In Multiple Sectors Including Renewable Energy

President Joko “Jokowi” Widodo and Prime Minister of Singapore Lee Hsien Loong had a bilateral meeting at Singapore’s Presidential Palace. During the meeting, both leaders agreed to tie cooperation in several sectors.

In general, the meeting resulted in 20 Letters of Intent from Singaporean private sectors to invest in Nusantara Capital, nine B-to-B MoUs in the healthcare and digital sector, and seven G-to-G MoUs in energy, health, and digital sectors,” President Jokowi stated during a press statement with PM Lee Hsien Loong after the meeting.

Prime Minister Lee Hsien Loong said, “There is much potential in the green economy sector. We signed an MOU on Renewable Energy Cooperation today. This will support commercial arrangements for the development of renewable energy capabilities, transmission infrastructure, and cross-border electricity trading. It will strengthen the energy infrastructure and energy transition and energy security for both Singapore and Indonesia, and also support regional initiatives like the ASEAN Power Grid. It is a win-win outcome.

Sustainability extends to infrastructure development. We signed the MOU on Sustainable Urban and Housing Development, which will facilitate cooperation in developing innovative financing for smart and sustainable infrastructure development, and significantly will include the Nusantara Capital City as a pilot.

President Jokowi and I discussed the Nusantara project at length and his vision for a green and smart Nusantara. It is a major priority for the President and for Indonesia. Singapore is happy to support the President’s vision. We will contribute towards knowledge-sharing and joint R&D activities.”