Singapore promotes renewable power imports from Cambodia, Indonesia
- Singapore, which plans to import approximately 4 GW of low-carbon power by 2035, last week revealed a number of steps it has actually made to import electricity from both Cambodia and also Indonesia.
The Energy Market Authority of Singapore (EMA) has authorised a wholly-owned subsidiary of Keppel Corporation (SGX: BN4) to import 1 GW of renewable power from Cambodia.
Keppel Energy, a fully-owned unit of Keppel Infrastructure Holdings Pte Ltd, said in a statement that this makes it the very first company to get such clearance and also included that it had simply signed a long-lasting power purchase as well as export arrangement (PPEA) with Cambodia's Royal Group Power Company Ltd (RGP). The contract is pending particular regulative and also various other authorizations and is expected to become efficient post-2030.
Both sides plan to transfer the electrical power, primarily solar enhanced by hydro as well as potentially wind, by means of high-voltage onshore expenses transmission lines and subsea transmission cables. The renewable energy sources will be supported by pumped-storage hydro and also batteries.
The imports from Cambodia will come in enhancement to previously-disclosed plans to import power from Laos. On that issue, Keppel kept in mind that good progression has actually been made under the binding memorandum of understanding (MoU) signed in October with Thai construction company PSG Corporation PCL (BKK: PSG) to collectively check out renewable energy possibilities and also cross-border interconnections with Laos.
In the meantime, the office of Singapore's Prime Minister and also the Indonesian Coordinating Ministry for Maritime Affairs as well as Investment have actually participated in a MoU on renewable resource cooperation. The pact facilitates the establishment of a framework for industrial participation on the advancement of renewables, transmission infrastructure as well as cross-border electrical energy trading, an official announcement states without offering even more information.
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