The venture between Morrison’s Gurin Energy Pte Ltd. and a unit of Malaysia’s Petronas Nasional Bhd. is one of five developments that last month won approval to supply Singapore with 2 gigawatts of renewable energy from Indonesia. The city-state is seeking to import 4 gigawatts of renewables by 2035 — or about a third of its current, mainly gas-fired capacity — as part of its emissions-reduction plans.
Infrastructure developer Morrison & Co. has begun talks with possible strategic partners for a mega-sized battery project in Indonesia aimed at weaning Singapore off natural gas.
The New Zealand-based fund has hired advisers for discussions it hopes to close in the next 12 months for partners with experience in the region to take a stake in its multibillion-dollar Vanda RE project, Vimal Vallabh, Morrison’s global head of energy, said in an interview in Sydney.
