The importers aim to achieve financial close from 2025. If successful, they plan to begin commercial operations from 2028. The importers are currently negotiating Power Purchase Agreements with large-scale electricity consumers. It is in the interest of both importers and consumers to come to mutually acceptable commercial terms, especially on the pricing and length of the contracts, so that the consumers can secure access to low-carbon electricity to meet their decarbonisation needs and importers can improve the viability of their projects.
Aside from the projects in Indonesia, we are also working with project developers to import low-carbon electricity from other countries in the region. This will give us a diverse portfolio of projects that can help us collectively meet our imports target of six GW by 2035 and potentially import more electricity beyond 2035.
We will ensure our energy security as we embark on the energy transition. Natural gas will continue to underpin our energy portfolio for the foreseeable future, even as we scale up electricity imports, maximise domestic solar deployment and potentially introduce new low-carbon energy sources, such as hydrogen, in the future. We will also have sufficient local backup generation capacity to meet our needs if there are disruptions to the electricity imports.
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