Energy Market Authority (EMA) chief executive Puah Kok Keong said Singapore is willing to make the investments required to help the country tap renewable energy from its neighbours, which, in turn, forms the backbone of the Asean regional power grid.
Such a grid can improve interconnectedness within countries, and incentivise investments in domestic renewable projects, he added.
According to the International Renewable Energy Agency, US$290 billion (S$380 billion) is needed for the region to boost renewable energy capacity to reach the Asean target of having 23 per cent of its energy produced from renewable sources by 2025.
"People have always recognised that there are benefits to having an Asean power grid. But the impetus to make this a reality today is much stronger compared with what it was 20 or 30 years ago," said Mr Puah in his first interview with the media since taking the helm of Singapore's energy regulator in July 2024.
The Asean regional grid, in the works for decades, made headway in 2022 when Singapore began importing 100MW of hydropower from Laos via Thailand and Malaysia.
In October 2024, this was extended to another 100MW of electricity imports from Malaysia's grid, which comprises coal and natural gas, as part of the project's second phase.
The renewed push for multilateral electricity trade comes as the region is hungry to decarbonise its growing economies, moving away from fossil fuels like coal, and cutting planet-warming emissions to meet climate change targets.
Singapore has already signed agreements with Indonesia, Cambodia and Vietnam to import some 5.6 gigawatts (GW) of clean electricity by 2035.
Diese Geschichte stammt aus der October 21, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 21, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
COFFEE AND A LOOK AT NORTH KOREA
For anyone curious about civilian life in North Korea, Starbucks is offering its customers in the south a peek into the world's most reclusive country while sipping a favourite brew.
Shaw Theatres to close cinema at The Seletar Mall
Shaw Theatres will close its cineplex at The Seletar Mall on Dec 15, it announced via a press statement on Dec 2.
Conservationist Robert Irwin pays tribute to late father as he turns 21
Australian conservationist, TV personality and wildlife photographer Robert Irwin marked his 21st birthday on Dec 1 with a touching tribute to his late father Steve Irwin.
KRU first Malaysian act to use AI for music video
Malaysian music group KRU have unveiled Voodoo, the first single and music video from their upcoming album Kaset.
Titoudao actress Koe Yeet is engaged
Wedding bells are set to ring for Malaysian actress Koe Yeet.
Moana 2 sails to $495m debut at global box office
LOS ANGELES - Walt Disney's animated musical Moana 2 debuted with an estimated US$368 million (S$495 million) in global ticket sales through Dec 1, and combined with Wicked and Gladiator II to deliver the biggest Thanksgiving weekend in American and Canadian box-office history.
The road ahead for S'pore tourism
Singapore Tourism Board chief weighs in on upcoming attractions, staying competitive and creating value for tourists
Beyond the Angkor Wat
From lotus farms to a colourful circus, Cambodia's Siem Reap is a city with much to offer
In chess, a fan and a legend get to meet on a board
It's Saturday afternoon and John Chan, 32, is possibly in a joyous daze.
LIONESSES' LAST CHANCE
They must win third-place play-off to qualify for AFF Women's C'ship
