Indonesian sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp ‌Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore's prime minister said on Jul 6. The deal is a follow-up to a string of early agreements Indonesia struck with Singapore in 2025, which includes a plan to supply 3.4 GW of low-carbon power to the city-state by 2035.