BnR Summit 2025

Belt and Road Summit 2025- Deal-making

10 – 16 Sept 2025 | China (Hong Kong)

ProjectUpdated on 10 August 2025

Low carbon Power Export in South East Asia

Damon Ong

Managing Director at Foresight International

Kuala Lumpur, Malaysia

About

BACKGROUND

Singapore targets to import 6 GW of clean and low carbon energy by 2035.

In July 2022, Singapore Energy Market Authority (“EMA”) invited interested companies to submit their proposals for importing up to 4 gigawatts (GW) of electricity in Singapore, and the EMA’s Request for Proposals (RFP2, August 2023 version) to appoint licensed electricity importers was concluded as of 29 December 2023

The above RFP2 has generated strong interest from credible parties to participate in energy import projects, and to ensure adequate supply to meet Singapore’s future energy needs and achieve net-to-zero by 2050, Singapore has recently increased the import capacity to 6 GW.

As of June 2025, EMA has issued Conditional Approvals to ten (10) projects to import low carbon energy from Australia, Cambodia, Indonesia and Vietnam, and six (6) projects have made substantial progress and were awarded the Conditional Licenses by EMA

PROJECT INTENT

The proposed project (“Project”) shall be developed on an Island in Riau Islands Province, Indonesia and export energy to Singapore via subsea cable to the designated Singapore landing/connection point (“CP”), in response to the EMA RFP2 , as well as allocating small MW to province to fulfill and satisfy local compliance.

**NEXT STEP

**To coordinate with interested parties on the pre-feasibility studies, technical analysis and shareholding structure.

Project Location

  • Indonesia

Project Format

  • Private Project

ESG (Environmental, Social, and Governance)

  • Yes

Project Stage

  • Project Planning

Target completion by

31/12/2029

Main Project Sector

  • Energy and Natural Resources
  • Public Utilities
  • Technology

Energy and Natural Resources

  • Biomass Energy
  • Energy Storage
  • Geothermal Energy
  • Hydroelectric Energy
  • Hydrogen Energy
  • Mining
  • Power Transmission
  • Solar Energy
  • Wind Energy
  • Other Renewable Energy

Public Utilities

  • ICT And Data Center

Technology

  • Environmental Technology

Urban Development

  • Smart City Development
  • Property Development
  • New Town Development
  • Technology Park
  • Industrial Parks

Total Project Value

  • 50,000,001 USD or above

Investment Capital Required

  • 50,000,001 USD or above

Interested Format of Cooperation

  • EPC/ Turnkey
  • Joint Venture
  • Majority Shareholdings
  • Minority Shareholdings
  • Open for Negotiation

Preferred Financing Model

  • Debt
  • Equity
  • Open for negotiation

Previous Funding Stage

  • None

Main Service(s) Required

  • Financial Services
  • Infrastructure Services

Environmental Services

  • Energy Management

Financial Services

  • Fund Management
  • Institutional Investment
  • Islamic Finance
  • Private Equity & Venture Capital

Information Technology Services

  • Data Centre

Infrastructure Services

  • Building & Construction
  • Construction Engineering
  • Infrastructure & Town Planning
  • Infrastructure & Utility Investment
  • Port, Terminal & Airport
  • Rail and Mass Transit

Professional Services

  • Financial Due Diligence

Organisation

Foresight International

Kuala Lumpur, Malaysia

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