Jakarta, June 17 -- President Prabowo Subianto has encouraged greater collaboration on renewable energy projects between Indonesia's sovereign wealth fund, Danantara, and Singapore's Temasek Holdings.

"We look forward to strong cooperation between Temasek and Danantara, particularly in renewable energy and sustainable industrial zones," Prabowo said during the annual leaders' retreat with Singaporean Prime Minister Lawrence Wong in Singapore on Monday.

In a recorded message, Prabowo noted that the two sovereign wealth funds (SWFs) have the potential to advance low-carbon energy initiatives and develop key infrastructure in Batam, Bintan, and Karimun in Indonesia's Riau Islands Province, which shares a maritime border with Singapore.

He...