I was surprised to hear that's economical.
Singapore to Darwin is about 2000 miles. For reference, that's comparable to Chicago to LA. That's at least an order of magnitude larger than what I'm used to thinking about for transmission.
It turns out that if you want to drive your transmission loss down, you need to run at (substantially) higher voltage. This is predominantly driven by resistive loss because your transmission wires aren't perfect conductors, as well as corona loss which scales with voltage.
https://web.archive.org/web/20110604181007/https://www.aep.c...
has some stats on stats on line losses. At 765 kV (this is 50x what you'd see on a local transmission line), with the best cited figure (circa 2007) of 0.5% loss per 100 miles, you'd see about 10% loss over 2k miles. That's not great, but it doesn't actually seem horrible -- if you're producing 2x the power you need anyways, then you're still delivering a huge surplus.