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.