Channel NewsAsia: Singapore looking to import electricity

Channel NewsAsia has reported that Singapore might import electricity from the region to diversify its energy mix.

Singapore looking to import electricity

SINGAPORE: Minister in the Prime Minister’s Office, S Iswaran, said Singapore is seriously considering electricity imports from its neighbours to add to its energy mix.

Speaking at a regional forum, he said Singapore is currently reviewing its regulatory framework and studying various trading models that could facilitate electricity imports in the medium term.

This could catalyse more opportunities for energy cooperation’ across ASEAN.

This will help ensure competitively or lower-priced energy prices, and improve Singapore’s energy security.

Mr Iswaran, who is also the Second Minister for Trade and Industry, said ASEAN governments must come together and take the lead to ensure that energy does not become a limiting factor in the region’s growth.

He said it’s imperative that infrastructural connectivity be speeded up through projects such as the ASEAN Power Grid and the Trans-ASEAN Gas Pipeline.

The case for regional energy cooperation ‘has never been stronger’ he added.

The minister said an aggregated regional energy market would be better able to attract investments as there would be greater demand assurance.

Image taken from Nathan Chantrell

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • About Green Drinks Singapore

    Founded in November 2007, Green Drinks Singapore is one of more than 800 cities with a Green Drinks presence.

  • We are a non-profit environmental movement that connects academia, green businesses, activists, community and government, for knowledge sharing and collaboration opportunities. We do this by organising informal talks every last Thursday of the month, over drinks! Once in a while, we hold discussions, documentary screenings and workshops to further engage the public and participants.
  • Started in 1989 in London, the Green Drinks movement is a self-organising network that is meant to be simple and unstructured. The global site can be found at www.greendrinks.org.
%d bloggers like this: