The EMA has granted conditional approval to five projects for the import of 2GW of low-carbon electricity each year. Read more at straitstimes.com.
JAKARTA - Singapore could start importing 2 gigawatts of renewable energy annually from Indonesia within five years,The imports would account for about 16 per cent of Singapore’s annual needs, and would constitute the country’s largest cross-border electricity contract to date.import 1GW of electricity annually from CambodiaSingapore is three-quarters of the way to reaching its import target of up to 4GW of electricity per year by 2035.
The EMA said that conditional approvals are granted after an initial assessment that the proposed electricity import projects are technically and commercially viable. In a speech at the event held at the Park Hyatt hotel, Dr Tan said the agreement provided specificity on areas of collaboration between the two countries, and would provide a robust framework to facilitate projects.
Second Minister for Trade and Industry Tan See Leng said that the granting of the five approvals by EMA was a “watershed moment” for Singapore’s green energy ambitions. ST PHOTO: HARIZ BAHARUDIN EMA said that these deals affirm both countries’ commitment to facilitate cross-border electricity trading projects and interconnections between Indonesia and Singapore, and investments in the development of renewable energy manufacturing industries.
The five companies handling the power import projects will, among other things, conduct marine surveys
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