(Reuters) -Singapore’s Sembcorp Industries said on Friday that it will provide gas, power and utilities solutions to Aster Chemicals and Energy under contracts worth more than S$650 million ($500.2 million).
The utilities firm will provide the services to Aster for its integrated refining and chemical complex in Pulau Bukom and Jurong Island, off mainland Singapore.
The companies have also signed a six-month memorandum of understanding to explore strategic initiatives across Singapore, Indonesia and the rest of Southeast Asia.
The partnership will involve joint infrastructure investments and establishment of industrial parks in Indonesia.
($1 = 1.2994 Singapore dollars)
(Reporting by Sneha Kumar in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)
