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

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.

Reporting by Kate Lamb in Sydney and Agustinus Beo Da Costa in Jakarta; Editing by Martin Petty

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