Antara News·Indonesia·Tuesday, September 22, 2026 at 09:10 AM

RI still negotiating electricity price for ASEAN Power Grid

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Putu Indah Savitri, Cindy Frishanti Octavia

Tangerang, Banten (ANTARA) - Indonesia's Minister of Energy and Mineral Resources Bahlil Lahadalia said the country has yet to join the ASEAN Power Grid, as negotiations over electricity pricing remain ongoing.

"The price point is not a win-win, yet," Lahadalia said on the sidelines of the Electricity Connect 2026 event held in Tangerang, Banten, on Tuesday.

Lahadalia revealed his ministry had engaged in discussions with Malaysia regarding the ASEAN Power Grid commitment, an initiative stemming from the 48th ASEAN Summit in Cebu, the Philippines.

He acknowledged he had not yet signed the commitment since, based on his calculations, Indonesia would not receive a fair share of the benefits.

"The benefit must be fair; it shouldn't be a case where you get 70 and we get 30. That is not a win-win, that’s just unfair exploitation," Lahadalia remarked.

He would sign the agreement only after a fair deal is reached. Nevertheless, Lahadalia emphasised that no country can achieve greatness in isolation, while collaboration, such as regional cooperation within ASEAN, is essential.

"No nation becomes great by acting as a lone wolf, those days are gone. Collaboration is about mutual need, mutual acceptance, and mutual contribution," Lahadalia said.

Therefore, he remains committed to collaboration, provided it is mutually and fairly beneficial.

As previously reported, Indonesian President Prabowo Subianto has urged the ASEAN nations to accelerate the development of an energy grid, noting that energy security is a critical, urgent challenge requiring collective action in the face of global pressures and geopolitical instability in the Middle East.

Prabowo highlighted the immense potential of Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) for developing new and renewable energy, ranging from hydropower, solar power, and wind power to the utilisation of fertile lands that remain under-exploited.

The move is part of ASEAN leaders' efforts to accelerate energy-sharing mechanisms and regional electricity interconnection amidst concerns over energy supply disruptions caused by the conflict in the Middle East.

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