Singapore: Singapore will travel from Laos via Thailand and Malaysia on Thursday (June 23) after the first two-year electricity purchase agreement has been signed between Keppel Electric and Laos’s state-owned Electric Duraos (EDL). And started importing renewable energy.
The Laos-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP) is the first multilateral border involving four ASEAN countries to import up to 100 MW of renewable hydropower using existing interconnects. Mark electricity trading beyond.
That’s about 1.5% of Singapore’s peak electricity demand in 2020, enough to power about 144,000 four-room HDB flats in a year.
This is also the first renewable energy import into Singapore, Keppel Electric, EDL, the Ministry of Energy and Mining of Laos, and the Energy Market Authority (EMA) said in a joint news release.
The project will benefit all four countries involved by facilitating the development of regional markets for electricity trading, facilitating investment, and strengthening the security and cost competitiveness of the region’s electricity supply. Authorities said.
It will also contribute to Singapore’s sustainability goals under the Green Plan 2030 by leveraging the abundant renewable energy from the region.
Singapore’s sustainable energy goals include decarbonization of the electricity sector and diversification of energy sources to enhance security.
Authorities say the LTMS-PIP will act as a “pathfinder” to realize the broader vision of the ASEAN power grid (APG).
APG enables multilateral electricity trading across the region’s neighbors. The joint statement added that this is “an important regional initiative to enhance interconnectivity, energy security and sustainability through existing power interconnects.”
“This provides an opportunity to take advantage of the region’s low-carbon, renewable energy sources, contributing to economic development and improved energy security and stability.”
LTMS-PIP is one of the tests EMA has been working on as part of the country’s goal of importing up to 4 gigawatts of low-carbon electricity by 2035, which accounts for about 30 percent of Singapore’s electricity supply. Will occupy. Year.
Keppel Electric is the first entity to be licensed as an electricity importer by EMA.
“The start of electricity imports from Laos marks an important milestone in regional energy cooperation. LTMS-PIP is an important project to promote multilateral electricity trade in Southeast Asia and the ASEAN Electricity Grid. It complements existing efforts to realize our vision, “says Ngiam. Shih Chun, Chief Executive Officer of EMA.
“The interconnected power grid can accelerate the introduction of renewable energy, promote supply diversification and enhance the stability of the power grid throughout the region. With the strong support of regional partners and more. Thank you for your close cooperation towards the future of clean energy. Area. “
According to a joint statement, the project is a multilateral power cooperation as the technical, commercial, legal and regulatory arrangements have been finalized among various stakeholders with the support of the governments of the four ASEAN countries. It also shows the feasibility of.