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  • sun cable to invest $2.5 bln in Indonesia on Singapore power link

     Pernia updated 3 weeks, 5 days ago 2 Members · 2 Posts
  • Japo_Japo

    Member
    September 23, 2021 at 7:39 am

    jAKARTA, Sept 23 (Reuters) – Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements, officials said on Thursday.

    The Australia-Asia Power Link will from 2027 harness solar energy from the world’s largest solar farm and battery storage facility in Australia’s northern territory, and export it to the city-state via a 5,000 km (3,109 mile) transmission system through waters off Indonesia, according to Sun Cable.

    Indonesia has granted the company a permit to conduct an underwater survey starting immediately, its CEO David Griffin said. It will be the world’s longest subsea high-voltage cable.

    Sun Cable will not supply energy directly to Indonesia, but its $1 billion investment in procuring equipment and services will cover manufacturing and construction activities and operation facilities in Indonesia, including a marine repair base

    The project “proves that Indonesia is a trusted partner and a strategic investment location for the international community,” coordinating maritime affairs minister, Luhut Pandjaitan, told a streamed news conference.

    The project, he said, would see knowledge transfers that would support renewable energy development in Indonesia and help mitigate climate change for future generations.

  • Pernia

    Member
    September 24, 2021 at 3:57 pm

    Singapore has already become smart city. Its good that they are looking into sustainability too.

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