KUALA LUMPUR, Malaysia – 22 September 2023
– Gentari International Renewables Pte Ltd and Gurin Energy
Pte Ltd, have received conditional approval for a new cross-border
renewable energy project from Singapore’s Energy Market
Authority (EMA), via their joint venture entity, Vanda RE Pte Ltd.
The approval was obtained for a 300MW (0.3GW) power generation
project on Indonesia’s Riau Islands – part of a
joint effort by the Singapore and Indonesian governments, to
establish a green electricity trading corridor between the two
countries.
Gentari International Renewables is a
wholly-owned subsidiary of Malaysian clean energy solutions
company, Gentari Sdn Bhd, while Gurin Energy is a Singapore-based
renewable energy company. The companies are among the five that
were granted the said approvals.
Vanda RE’s
project targets to deliver 300MW of non-intermittent renewable
energy to the Singapore market beginning 2027, and is underpinned
by 2,000MW of solar photovoltaic installed capacity and supported
by approximately 4,400MWh of battery storage, one of the largest
such planned projects in the world. Vanda RE’s conditional
approval is a continuation of the governmental cooperation between
Singapore and Indonesia in the energy sector.
“This
approval from the EMA will further strengthen Gentari and Gurin
Energy’s commitment to transforming the energy landscape in
Southeast Asia and fostering a more sustainable future. In the
dynamic renewables sector, we rely on robust policies, frameworks
and strong partnerships to scale our projects to reduce carbon
footprints across borders. We’re delighted be part of this
initiative to generate progress towards creating a sustainable
world for all,” Gentari’s Chief Renewables Officer
Low Kian Min, said.