SG kicks off multilateral cross-border trade of renewable energy
The renewable hydropower was imported from Lao PDR via Thailand and Malaysia.
Singapore has commenced its first multilateral cross-border trade of renewable energy with ASEAN countries through its Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP).
Through the project, Singapore can trade up to 100 megawatts (MW) of renewable hydropower from Lao PDR to Singapore via Thailand and Malaysia using existing interconnections.
As part of the LTMS-PIP, Keppel Electric Pte Ltd (Keppel Electric), a subsidiary of Keppel Infrastructure Holdings Pte Ltd (KI), and Electricite du Laos (EdL) also signed an initial two-year power purchase agreement.
This makes Keppel Electric the first entity to be issued an electricity importer licence by EMA.
“The LTMSPIP is a key project to advance multilateral power trade in Southeast Asia and complements existing efforts towards realising the ASEAN Power Grid vision. Interconnected power grids can accelerate the deployment of renewable energy, promote supply diversification and strengthen grid stability for the region as a whole,” Ngiam Shih Chun, Chief Executive of EMA.
READ MORE: Singapore zooms in on renewable energy amidst energy insecurity
Workplace 3.0: Transforming work environments to support innovation and meaningful work
The race to gender equity for Asia’s startups
How Many Apps Does It Take to Change a Workplace?
In an era of zero-sum thinking, business leaders must unlock a mutually beneficial future
Diversifying your portfolio: Alternative investments in Singapore to consider in a low-interest rate environment
Navigating the digital future: A closer look at Singapore Budget 2023 measures in view of the rapidly changing workplace